UK’s Pulse Clean Energy Targets 1GW+ BESS Opportunities After Acquisition of Investment Management Corporation of Ontario

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Matthew Mendes, CEO of Pulse Clean Energy. Image: Clean Pulse Energy.

Following last year’s acquisition, independent power plant developer Green Frog Power has rebranded itself as Pulse Clean Energy and unveiled a target of 1GW+ of energy storage assets in the UK.

The company was purchased by Investment Management Corporation of Ontario (IMCO) in October 2021. Matthew Mendes and Trevor Wills have been named President and CEO and Chief Operating Officer, respectively, and will now assume responsibility for developing a significant storage pipeline of batteries.

Pulse Clean Energy has already invested in nine diesel production sites, which will be decommissioned and converted into grid-scale battery energy storage sites.

“Through innovation in energy storage and optimization, our ambition is to enable a smooth transition to a zero-carbon energy grid,” Mendes said.

“We pride ourselves on doing this differently, as our approach is rooted in data and insights to ensure seamless collaboration across the energy system.”

Other high profile appointments announced include former RWE npower CEO Paul Massara as Chairman of the Board and former Group General Counsel and Company Secretary for National Grid Plc Alison Kay as non-executive director.

Tim Formuziewich, managing director and head of infrastructure at IMCO, and Polina Sims, head of infrastructure funds and asset management, will also join the company as non-executive directors.

“The name change is a reflection of the new direction Pulse Clean Energy is taking and we are delighted to welcome Paul, Alison, Tim and Polina to our Board of Directors and look forward to working with our team of highly talented experts to make this vision a reality,” added Mendès.

This story first appeared on Solar Power Portal.

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