Rushlight Investor Briefing

Investing in Clean Transport

14 March 2018

5.30pm to 9pm

Hosted by

30 Finsbury Square, London EC2A 1AG

There are many factors currently affecting the evolution of transport, including air quality concerns, decarbonisation, autonomous vehicles, advances in energy storage, population movement into urban areas, smart cities, the need for reverse logistics, online retailing and now the new Clean Growth Strategy.

Of all the sectors in the economy, transport is the one which is undergoing the most rapid change at the moment.  Having been a laggard compared with the evolution of electricity generation, it is now looking to catch up fast.  Headlines very recently have been:

  • Transport has become the UK’s biggest sector polluter, following the 5% reduction in national emissions last year
  • Government to phase out diesel trains by 2040
  • All Volvo cars to be electric or hybrid from 2019
  • Dyson plans to launch electric car in 2020
  • France to ban sales of petrol and diesel cars by 2040
  • Electric bus sets record with 1,101-mile trip on a single charge
  • London’s ultra low emission zone arrives in 2019
  • Diesel vehicles to be banned from Paris, Madrid, Athens and Mexico by 2025
  • Volkswagen offers UK drivers up to £7,000 to scrap diesel cars
  • More fully electric buses to run in London in drive to clean up air
  • EasyJet plans to use electric planes for short haul flights within 10 years
  • World’s first zero-emission hydrogen train to begin operations in Germany
  • Paris orders battery-overhead electric locomotives
  • British Airways tries again on waste-based biofuels
  • Electric vehicle charge points to outnumber petrol stations by 2020 in UK
  • Oxford plans to leapfrog London with world’s first Zero Emission Zone
  • Government launches proposals to boost charge points for EVs
  • Evolving global supply chain risks must raise red flag for EV manufacturers

The fundamental question is whether this has made any difference to the original broad vision for the clean transport system, involving electric cars for personal use and short haul logistics, hydrogen or biomethane in heavy goods vehicles for longer trips, the complete electrification of railways and biofuels for aeroplanes.

The recently announced Clean Growth Strategy places a major focus on the decarbonisation of transport with 33 per cent of the money being spent on that sector. In particular, there will be innovation funding for autonomous vehicles and charging infrastructure for EV to complement the Automated and EV Bill announced in the Queen’s speech.  Despite saying that “ULEVs on the market today are already an attractive proposition for a significant proportion of motorists”, the plan proposes to spend £1 billion supporting the take-up of ultra-low emission vehicles (ULEV), including discounts on upfront costs on the purchase of an electric vehicle.  More than £840m of public funds will be funnelled towards low-carbon transport innovation to accelerate new fuel uses, while the Strategy claims that Government will work with industry to develop an Automotive Sector Deal to accelerate the uptake of zero-emission vehicles.

The UK has faced numerous warnings that it will miss crucial 2020 transport targets and significantly damage its global reputation as a climate leader unless “major policy improvements” are rapidly enforced.  Transport Minister Jesse Norman said: “The Clean Growth Strategy reinforces our clear commitment to reduce emissions across the UK and to end the sale of all new conventional petrol and diesel cars and vans by 2040.  An Energy and Climate Change Select Committee report from September revealed that in the UK the share of renewables in transport fuel has flatlined at 4.75%. The Clean Growth Strategy pledges to “develop one of the best electric vehicle charging networks in the world” to help decarbonise the transport sector.

So with all this happening in the next few years, will it still be the current major car manufacturers making cars, albeit of the new type, with one or two new incumbents like Tesla?  Will it be predominantly the existing major energy companies providing the new biofuels?

While in the long run it may well be the major players today operating in the brave new clean transport world of tomorrow, it is more than likely that they will have achieved that position by buying companies that have taken the lead technologically and in the market with the solution of choice.  This then provides a ready and willing exit point in the near future for investors who have financed the companies which have developed the leading solutions.

Is there a risk that significant investment will be made in the deployment of new technologies that become stranded, such as the effect on  the domestic EV charging infrastructure if autonomous vehicles take off?

This event will take a close look at the indicators for choosing the winners in this race for the technological and market-ready solutions.  Which areas are the clear favourites and which are the outsiders which could nevertheless be very rewarding? Which routes run the highest technological risk?

This event will be ideal for investors, financiers, low emission transport supply chain, technology developers, consultants,  vehicle manufacturers, fuel manufacturers and distributors, logistics companies, transport professionals, sustainability consultants and other professionals, local authorities and other public sector officials, advisers, media and other intermediaries.

 

Agenda:

5.30pm             Registration

6.00pm             Welcome – Michael Sippitt, Chairman, Clarkslegal LLP

6.05pm             Opening remarks – Mike Read, Partner, Grant Thornton

6.15pm             Keynote 1: Overview of current status of transport sector – Denis Naberezhnykh, Technical Director, Ricardo.  His presentation is HERE

6.40pm             Keynote 2:  The regulatory framework, support and vision for low carbon transport – Rachel Solomon Williams, Head Low Carbon Fuels, Department for Transport.  Her presentation is in 6 parts due to their size: 1.  HERE  2. HERE   3. HERE   4. HERE  5.  HERE    6. HERE

7.10pm             Panel Discussion moderated by Clive Hall, Rushlight Events, augmented by:

Tom Holmer, General Manager, Sustainable Shipping Initiative

David Pummell, CEO, Velocys

Fiona Spowers, Communication Director, Riversimple

Shamit Gaiger, Programme Director Sector Policy, RSSB

7.45pm             Networking drinks

9.00pm             Close

Speakers

Rachel Solomon Williams – Department for Transport

Rachel Solomon Williams is Head of Low Carbon Fuels at the UK Department for Transport, where she started in January. Prior to taking up this role she worked as a senior official in energy and climate policy, with a particular focus on renewable energy. She also spent 2017 as interim Managing Director at Sandbag Climate Campaign, focussing on carbon market analysis.

Denis Naberezhnykh – Ricardo

Denis joined Ricardo Energy and Environment as Technical Director Sustainable Transport in 2018. His focus is on vehicle technologies and alternative fuels, including electric vehicles, and connected and automated vehicles.  Prior to joining Ricardo, he worked at Transport Research Laboratory (TRL) for almost 10 years. Since 2016 Denis was the Head of Ultra Low Emission Vehicles and Energy at TRL, overseeing the development and execution of TRL ULEV and Energy strategy and ensuring TRL thought leadership in this area. Prior to that he was the Head of ITS and Ultra Low Emission Vehicle (ULEV) Technology. During his time at TRL he led a variety of national and international research and consultancy projects in areas including electric vehicles (EVs), charging infrastructure and wireless power transfer, working closely with a broad range of industry, government and academia stakeholders. Before joining TRL, Denis studied physics and particle physics at the Royal Holloway University of London, graduating with first class Honours degree in 2008.

Tom Holmer – Sustainable Shipping Initiative

Tom Holmer comes from a background of social sustainability, working for the benefit of seafarers and their families with the International Seafarers Welfare and Assistance Network (ISWAN) and the ITF Seafarers’ Trust, as well as conducting consultancy work on sustainability issues in the transport sector with Public World. He is responsible for the day-to-day running of the SSI, delivering continued progress against the objectives of the SSI’s Roadmap to develop a more sustainable shipping industry by 2040, and making sure the organisation remains a strong voice for the shipping industry in ensuring it achieves global sustainability targets.

David Pummell – Velocys

With over 30 years of energy and oil industry experience, David joined Velocys in 2016 from ACAL Energy Ltd, a private equity backed fuel cell technology company developing products for the automotive and stationary power sectors, where he was CEO.  Prior to this, David was CEO of MAPS Technology Ltd, where he successfully commercialized the technology leading to its subsequent acquisition by GE, before becoming CEO of Ceres Power Group plc, a developer of fuel cell micro combined heat and power (CHP) products for the domestic stationary power sector. He began his career at BP plc as a chemical engineer before going on to hold a number of executive positions across the downstream business, including petrochemical manufacturing, supply chain, new business start-ups and a number of senior business and functional management roles during his 22 year tenure.

Fiona Spowers – Riversimple

Fiona is Riversimple’s Communications Director and has over 30 years’ experience in the advertising business, having worked for a number of agencies in London (Y&R, AMV/BBDO, HHCL) and several years in Paris with BDDP, which subsequently became part of TBWA.  She was Head of Strategic Planning for TBWA – across Europe for 9 years and worldwide for a further 10 years.  Among other things, Fiona was responsible for running strategic workshops for Nissan, Infiniti and Datsun and leads all of Riversimple’s communications and media relationships.  She is closely involved in the development of their business and is leading the planning and preparation for their upcoming Beta trial of the Rasa.

Shamit Gaiger – RSSB

Shamit Gaiger is the Director of Strategy at National Skills Academy for Rail (NSAR), Programme Director; Sector Policy at RSSB, seconded to DFT to lead on the Rail Sector deal as a Deputy Director; Industrial Strategy and a Non-Executive Director and DFT Passenger Services Board.  She has also worked for a major consultancy, advising diversification strategies and sitting on the boards of two foreign companies.  Shamit influenced and developed industry and government policy at the UK and European level including Franchising, Rail Industrial Strategy and CP planning. She led the development of the Rail Sector Skills Delivery Plan and headed the industry’s strategic programmes on, Innovation policy, Skills, Health and Wellbeing and Sustainable Development. Focusing on long term planning in response to the opportunities and challenges presented by the emerging legislation and, macro and micro economics.  She is also guest lecturer on the Imperial College MSc course in sustainable transport and at Lancaster University’s MSc course in system engineering.

Investing in Industrial Cleantech

Tuesday 23rd May 2017

5.30pm to 9pm

Hosted by

One Southampton Row, London WC1B 5HA

 

PM Theresa May earlier this year launched a consultative green paper outlining an approach to building a modern industrial strategy for Britain in a post-Brexit era. The proposed strategy consists of 10 pillars, one of which is described as the delivery of affordable energy and clean growth. The intention of this pillar is to lower costs for businesses and to secure the economic benefits of a transition towards a low-carbon economy.

The OECD estimates that global resource consumption doubled in the 25 years to 2015; the expectation is that this will double again up to 2050. Businesses are waking up to the fact that there is a real risk that supply may not keep up with demand. Businesses must therefore look at lowering costs and introducing efficiencies in order to stay competitive in an increasingly uncertain macroeconomic environment. This briefing will explore the resulting investment themes: reducing costs and adding value to the bottom line.

Companies in the vanguard of sustainability are setting goals to achieve a net positive impact on the environment in the next 20 – 30 years.  Such goals go well beyond offsetting and behaviour change and run to the core of the business strategy and models.  A reliance on virgin raw materials will have to be replaced by a circular economy supply chain, so that the old products are returned and the materials reused.  Energy intensive processes will need to be re-engineered, industrial collaboration and clustering will return as a new norm, plant floor waste will return to the store room or become part of another business’s supply chain and output will be measured in the context of energy and resource expended, as well as cost.  The innovations that will support this transition will be all about dismantlable design, raw material substitution, recycling technologies, low energy methods, positive environmental chemical processes, biomaterials and biomimicry, locally-sourced inputs and resource identification, segregation and processing technologies. The leaders in this space can cause fundamental market disruption and the returns for investors could be substantial.

Demand for such solutions within industry creates demand for innovations which can provide relevant solutions. Such innovations could in theory cut across any vertical, from material use in the construction industry to mining to efficient robotic manufacturing methods in the automotive industry. Given the widespread demand for such solutions within industry, investors will benefit from rigorous commercial and business models. However, how do investors reconcile relatively capitally intensive opportunities which may take longer than expected to bear fruit with the need to generate sufficient returns for their LPs?

This event will explore tangible examples, their attractiveness to investors and financiers, including risk mitigation strategies, the opportunities that exist going forward and the key issues to be managed. The briefing will be ideal for investors, financiers, technology developers, corporate venture funds, consultants,advisers, intermediaries and corporate sustainability professionals.

Agenda:

5.30pm             Welcome and registration

6.00pm             Opening remarks – Iain Kirkpatrick, Metro Bank and Michael Sippitt, Forbury Investment Network

6.10pm             Keynote 1: The changing landscape of industrial processes. Opportunities for innovation in existing industrial processes – Richard Youngman, CEO, Cleantech Group.  His presentation is HERE.

6.40pm             Keynote 2: Strategies to invest in industrial cleantech and risk mitigation – Ian Thomas, Managing Director, Turquoise International.  His presentation is HERE.

7.10pm             Panel Discussion moderated by Clive Hall, Rushlight Events, augmented by

Mark Jolly, Cranfield University

Graham Hilton, The Alliance for Sustainable Building Products

7.45pm             Networking drinks

9.00pm             Close

Speakers

Richard Youngman – Cleantech Group

Richard has been the Chief Executive Officer at CTG:I LLC. (formerly Cleantech Group, LLC) since January 19, 2016 having served as Managing Director of European Operations June 2008. He has extensive experience in information services, specifically in technology and investment research, and comprehensive knowledge of the European cleantech landscape.  Before that, he served as the Vice President of Research & Operations at The Library House Ltd where he ran the Library House Research team. Before Library House, he ran his own advisory firm conducting research and consulting on the measurement and evaluation of intangible assets and intellectual capital for organizations such as the European Commission. This followed nine years building a broad-based finance and research background with leading financial institutions such as ABN AMRO, Barclays Capital and BZW in the City of London.

Ian Thomas – Turquoise International

Since joining Turquoise in 2004, Ian has led numerous fundraising and M&A advisory assignments, as well as investments on behalf of the Low Carbon Innovation Fund and Turquoise Capital. He has also acted as current or former board member at Bactest, Vayon, NRL, CH4NGE and Controlled Power Technologies. Previously, Ian worked as an investment banker specialising in the energy sector at Close Brothers, Flemings and Deutsche Bank/Morgan Grenfell. He is a graduate of Oxford University.

Mark Jolly – Cranfield University

Mark Jolly is Professor of Sustainable Manufacturing and head of the Sustainable Manufacturing Systems Centre at Cranfield University. He has 34 years’ experience in manufacturing. He has a degree in metallurgy from Sheffield University and PhD from Cambridge. Mark spent 13 years working in industry in automotive and tier 2 suppliers into manufacturing both in the UK and abroad before moving back into academia in 1995. In 2012 he took up his current position at Cranfield after 17 years in Birmingham.  He has experience in research in many materials conversion processes and his current research is focussed on reducing energy and materials usage and the environmental effects of the conversion processes. Generally he has research interests in helping manufacturers improve the sustainability of their processes by improving their resource efficiency.  He has worked with many large names across a number of sectors including Rolls-Royce, Depuy-Synthes (Johnson & Johnson), GKN and Coca-Cola – but he has also championed working with many small companies especially SMEs who supply to large companies.

Graham Hilton – The Alliance for Sustainable Building Products

As a former oil trader in London, Houston and Texas, Graham applied the many commercial and logistics lessons to the UK animal feed market, where he established and grew Prime Molasses. After the sale of Prime to German commodity house Peter Cremer Gmbh he served on the board of several renewable energy supply companies, including Green Spirit Fuels and Flex Fuels Energy, and founded what is now the UK’s largest national biomass distributor, Forever Fuels. Graham is a former chair of the Environmental Industries Commission RTF group, author of the original UK biofuels legislation (with the late Lord Carter) and has advised a range of public sector organisations from local authorities to HM Treasury on the best deployment of renewable energy and safeguards for its sustainability.  He became involved in the construction sector, after working on the initial concepts around the new Eco-town in St Austell, is on the Board of the ASBP and is the Chairman of renewable roofing development company Ecobond Cymru.

The Future of Transport: Investing in Low Carbon Road Transport Infrastructure

Wednesday 1st March 2017

5.30pm to 9pm

Hosted by

Ingenious2

15 Golden Square, London W1F 9JG

A recent Environmental Audit Committee report revealed that the UK faces an uphill battle to reach its 2020 renewable targets for low-carbon transport.  In a packed Autumn Statement that focussed on “investing today for the economy of the future”, Chancellor Philip Hammond announced £390m of funding “to build on our competitive advantage in low-emission vehicles and the development of connected, autonomous vehicles”.  The £390m will go to “future transport technology”, including driverless cars, renewable fuels and energy-efficient transport. This will include £150m to provide at least 550 new electric and hydrogen buses; reduce the emissions of 1,500 existing buses and support taxis to become zero-emissions; and £80m to install more charging points for ultra-low emission vehicles.  He also confirmed that the Government will provide a 100% first-year capital allowance for the installation of electric vehicle charging infrastructure.

With most of the main car and commercial vehicle manufacturers now offering hybrid, hydrogen and/or electric models, it can be argued that what is holding back a faster take-up of low emission vehicles is now the infrastructure to support them, particularly in respect of fuel and power.  The UK Carbon Plan states the Government’s vision is that by 2050 almost every car and van will be an ultra-low emission vehicle (ULEV), with the UK automotive industry remaining at the forefront of global ULEV production, delivering investment, jobs and growth. Due to the time needed for fleet turnover, this requires almost all new cars and vans sold to be near-zero emission at the tailpipe by 2040. These ULEVs could be powered by batteries, hydrogen fuel cells, sustainable biofuels, or a mix of these and other technologies.

This investor briefing will take a look at How the low carbon road infrastructure currently stands, what is likely to be developed in the near future and what is needed to achieve the targets that have been set.  With electric cars being ideal for short journeys, will the charging network be focused on homes, shopping centres  and car parking spaces?  Hydrogen is particularly effective for longer distance haulage, so will the hydrogen network evolve at distribution centres and at motorway service stations?  Will electric car battery swap arrangements become established on motorways to speed up electric car charging for longer journeys?

This briefing will be ideal for investors, financiers, technology developers, road fuel infrastructure supply chain, consultants, freight distribution and logistics organisations, advisers, intermediaries and corporate sustainability professionals.

Agenda:

5.30pm             Registration and networking (tea and coffee)

6.00pm             Opening remarks – Guy Ranawake, Investment Director, Ingenious

6.10pm             Overview of current status of electric charging, hydrogen fuel and natural gas – Robert Evans, CEO, Cenex.  His presentation is HERE.

6.30pm             The regulatory framework, support and vision for the low carbon transport infrastructure – Natasha Robinson, Head of the Office for Low Emission Vehicles.  Her presentation is HERE

6.50pm             Panel discussion, with participation from:

Guy Ranawake, Investment Director, Ingenious

Graham Cooley, CEO ITM Power plc

David Martell, CEO Chargemaster plc

John Baldwin, Managing Director, CNG Services Ltd

7.45pm             Networking (drinks and eats)

9.00pm             Close

Speakers

Robert Evans – Cenex

Robert is CEO of Cenex, the UK’s first Centre of Excellence for Low Carbon and Fuel Cell Technologies; a not-for-profit consultancy and research organisation with a strategic focus on supporting low carbon vehicle supply chain and market development. Since he joined Cenex in December 2005, he has overseen the development and delivery of a range of hybrid, electric, hydrogen and gas vehicles and associated recharging\refuelling infrastructure projects.  He is Chair of the UK Electric Vehicle Supply Equipment Association (UK EVSE), a member of the Automotive Council Technology Group and holds non Executive Directorships with the Advanced Propulsion Centre, the Scottish Hydrogen and Fuel Cell Association (SHFCA) and the Electric Corby community energy company.  Prior to joining Cenex, he worked for 18 years with Johnson Matthey, 10 of which developing international markets for energy, environmental and automotive technologies, including fuel cells and vehicle emissions control for car, bus, truck and Non Road Mobile Machinery.

Natasha Robinson – OLEV

Natasha started in her current role as Head of the Office for Low Emission Vehicles in November 2016.  Over the last seven years she has previous held a number of senior roles within the Department for Transport.  This has included three years in finance with overall responsibility for planning the Department’s medium and long term budgets, as part of that role she coordinated the Department’s approach to the 2013 Spending Round.  She also spent three years as Principal Private Secretary to the Secretary of State for Transport, heading up the Private Offices of both Andrew Adonis and Philip Hammond when they were in the post.

Graham Cooley – ITM Power plc

Graham joined ITM Power as CEO in 2009. Before that Graham was Graham was CEO of Sensortec Ltd, founding CEO of Metalysis Ltd, a spin out of Cambridge University and founding CEO of Antenova Ltd.  Before that, he was a Business Development Manager in National Power plc and spent 11 years in the power industry developing energy storage and generation technologies.

David Martell – Chargemaster plc

David Martell is the Founder and Chief Executive of Chargemaster. Passionate about cars, David came from a background in accounting before starting Trafficmaster – one of the first nationwide traffic sensing and satnav companies in 1989, which was eventually valued at £500m and floated on the stock exchange in 1994. He sold his stake in Trafficmaster after 15 years to focus on electric vehicles. He soon realised that a solid and sustainable infrastructure was going to be the key to the EV economy, and founded Chargemaster with a single aim: to provide a dependable, convenient power source for EV drivers.

John Baldwin –  Managing Director, CNG Services Limited

John worked for British Gas (and successor companies from 1983-2003), including; BGE&P – Armada Project Commercial Manager, Transco – Manager, Network Development, Lattice Group/National Grid – MD, Lattice Energy Services. His company, CNG Services Limited (CSL) provides design, consultancy and project delivery services in relation to; injection of bio-methane into gas distribution networks, development of onshore gas fields, development of CNG filling stations. CNG Services (CSL) owns the UK’s largest CNG filling station, supplying CNG to major supermarkets for use as a fuel for trucks. John is a former President of the SBGI (Society of British Gas Industries) and is Chairman of the Renewable Energy Association Biogas Group.

Guy Ranawake – Ingenious Group

Guy is an Investment Director in the Infrastructure team.  Having qualified as a Chartered Accountant at PWC, Guy worked in corporate finance for Evercore (2008-2015), Barclays Capital (2007-2008), Taylor-DeJongh (2003-2007) and Citi (1995-2003). During his time at Evercore, Guy advised clients predominantly in the utilities and infrastructure sector with a particular focus on power generation assets, natural resources and infrastructure. Guy’s experience includes capital raising (equity and debt), mergers and acquisitions, valuation, project finance and commercial structuring and negotiations in both developed and emerging markets.

Systems for Sustainability:  The evolving investor opportunities and challenges of the Industrial Internet of Things

Thursday 29th September 2016

5.30pm to 9pm

Hosted by

Metro Bank jpg

One Southampton Row, London WC1B 5HA

The Internet of Things (IoT) is an evolution that has been underway for quite some time, with the disruptive potential of IoT across industry now beginning to be recognised. It is about using new inter-connectivity to enable higher levels of productivity with more effective use of resources; a production process more closely aligned to differentiated customer demand; and resulting new competitive business models. From manufacturing and energy, to agriculture and transport, value can be unlocked from existing assets across the supply chain using real time data.

The Industrial Internet of Things (IIOT), for example, benefits from a number of key drivers, including a rapid acceleration of the number of connected devices, a broader acceptance of open standards and a new affordability of ‘smart’ technology. All this constitutes a serious sustainability dimension: for example, a recent report by Accenture and the Global e-Sustainability Initiative (GeSI) estimates that digital technology and IOT will help deliver a 20% reduction in carbon emissions.

Together with such opportunity comes diverse challenges: online security, privacy, job displacement, ensuring availability of skills, and balancing benefits with the waste, emissions and resource use associated with introducing smart solutions.

With selected experts and practitioners, this event will explore and analyse both investor opportunity and challenges emerging from what is already regarded as the next industrial revolution.

Agenda:

5.30pm             Registration and networking (tea and coffee)

6.00pm             Opening remarks – Ian Walters, MD Business Banking Metro Bank

6.10pm             IIoT: a new paradigm for sustainable industrial growth – Andy Stanford-Clark, Chief Technologist, IBM

6.30pm             Panel discussion, with participation from:

Peter Madden, Chief Executive, Future Cities Catapult

Susanne Baker, Head of Programme Environment & Compliance, techUK

Richard Hadden, Investment Director, Breed Reply

Muthukumar Viswanathan, Practice Director Industrial Automation & Process Control and Measurement & Instrumentation, Frost & Sullivan

Rachel Eyres, Sales Director UK&I, Silver Spring Networks

7.45pm             Networking (drinks and canapés)

9.00pm             Close

 

Speakers

Andy Stanford-Clark – IBM

Professor Andy Stanford-Clark is the Chief Technologist for IBM’s consulting business in Energy and Utilities for the UK and Ireland. He is an IBM Distinguished Engineer, and “Master Inventor” with more than 40 patents. Andy is based at IBM’s Hursley Park laboratories in the UK, and specialises in remote telemetry, energy monitoring and management, Smart Metering and Smart Grid technologies. He has a particular interest in home energy monitoring, home automation, demand-side management, and driving consumer behaviour change. Andy has a BSc in Computing and Mathematics, and a PhD in Computer Science. He is a visiting professor at the University of Newcastle and a Fellow of the British Computer Society.Professor Andy Stanford-Clark is the Chief Technologist for IBM’s consulting business in Energy and Utilities for the UK and Ireland. He is an IBM Distinguished Engineer, and “Master Inventor” with more than 40 patents. Andy is based at IBM’s Hursley Park laboratories in the UK, and specialises in remote telemetry, energy monitoring and management, Smart Metering and Smart Grid technologies. He has a particular interest in home energy monitoring, home automation, demand-side management, and driving consumer behaviour change. Andy has a BSc in Computing and Mathematics, and a PhD in Computer Science. He is a visiting professor at the University of Newcastle and a Fellow of the British Computer Society.

Peter Madden – Future Cities Catapult

Previously, Peter was Chief Executive of Forum for the Future, Head of Policy at the Environment Agency, Ministerial Adviser to the British Government, Director of Green Alliance and Head of Policy at Christian Aid.  He is currently Board Counsellor to the Crown Estate, a member of Ingersoll Rand’s Advisory Council, and a member of both the Smart London Board and the UK Government Smart Cities Forum. He received an OBE for services to sustainable development.

Susanne Baker – techUK

Susanne Baker is head of the environment and compliance programme at techUK, the UK’s business association for companies working in the digital economy. Before joining techUK, she worked for seven years at EEF, the manufacturers’ organisation and as a journalist for The ENDS Report. She is a board member of the High Speed Sustainable Manufacturing Institute and a fellow of the RSA.

Muthukumar Viswanathan – Frost & Sullivan

Muthu is the Practice Director, Industrial Automation & Process Control and Measurement & Instrumentation at Frost & Sullivan.  He is the practice lead on the Industrial Internet of Things and has worked with, inter alia, Innovate UK on the roll out of IIOT knowledge and thinking.

Rachel Eyres – Silver Spring Networks

Rachel Eyres brings over 18 years’ experience in the UK utilities industry to Silver Spring Networks as Director of UK/Ireland Sales. Her focus is on bringing Silver Spring’s market leading smart grid and city solutions to the UK and Ireland marketplace. Silver Spring has over 24 million homes and businesses connected to its smart metering network with a further 10 million in deployment around the world, which has given them valuable real world networking experiences in many different regulatory regimes, geographies, cultures, building types and climates. Prior to Silver Spring, Rachel held a variety of sales leadership and consulting roles in the UK industry at Capita, EMC, Engage Consulting, Logica and National Grid. Rachel received her Bachelor of Law from the University of Leicester in 1996.

Richard Hadden – Breed Reply

Richard is a partner at Breed Reply, the IoT investment and incubation arm of Reply SpA, where he is the Director of Investment. He has spent 9 years in operating roles, as business development director of nGame (subsequently Hands-on Mobile) and CEO of Cytox, alternated with 9 years of venture capital investment management, most recently at Finance Wales. His past investments include Tideway Systems (acquired by BMC), Medaphor (IPO), Cambridge Bluegnome (acquired by Illumina) and Decision Fuel (acquired by YouGov). Richard read Natural Sciences and graduate Computer Science at Queens’ College, Cambridge and Law at City University and is a non-practicing barrister.

Is energy storage and grid management the answer to keeping the lights on?

Wednesday 25th May 2016

5.30pm to 9pm

Hosted by

BDO logo

55 Baker Street, London W1U 7EU

The UK energy generation mix is rapidly changing. All non carbon abated coal fired powers stations will be closed by 20205, the proportion contributed by renewable energy is continuing to rise albeit in fist and starts whilst the future of our nuclear programme seems to rest in the hands of the board of EDF. All of this uncertainty is once again raising questions about the stability of the grid system and whether the Government has done enough to ensure sufficient capacity will still be available at times of peak demand or reduced supply.

Politicians hope that part of the answer may lie in moving the investment focus away from generation to demand side measures such as  smart grid systems, demand response and energy storage.  However these are relatively immature technologies and will require £100’s of millions of capital to be deployed in the next five years.

Our lively debate will focus on whether the current raft of Government policies go far enough to simulate the required capital spend in demand side measures, what else could be done and what are the risks of the actually lights going off ?

Agenda:

5.30pm             Registration and networking (tea and coffee)

6.00pm             Opening remarks (Forbury/BDO/Rushlight)

6.10pm             Panel discussion, Chaired by Tom Heap and with participation from:

Michael Ware, Corporate Finance Partner, BDO

Cathy McClay, Head of Commercial Operations, National Grid

Tony Woods, Managing Consultant, Ricardo Energy & Environment

Giulio Bellizia, Investment Director, Infra Red Capital Partners

Alastair Martin, Founder and Chief Strategy Officer, Flexitricity

Richard Atkins, CEO, Red Triangle Energy Ltd

7.45pm             Networking (drinks and canapés)

9.00pm             Close

A recording of the event can be found HERE.

Investing in Energy & Water Infrastructure

Thursday 3rd December 2015

5.30pm to 9pm

Hosted by

Ingenious2

15 Golden Square, London W1F 9JG

One key area of clean technology that continues to develop without being derailed by changes to subsidy levels or major policy is infrastructure.  For both water and energy, the drive for efficiency improvements, the changes to the sources of power generation and the demand for extending the existing network to service new housing all mean that the existing network for water and energy (electricity and gas) are being expanded, upgraded, technologically enhanced, made more smart and adapted to meet the new requirements.

Infrastructure is an attractive area for investment due to its fundamental need and reliability resulting in secure income flows, sizeable projects  and known risk profiles making it attractive for project finance and its positive social, environmental and economic profile.

Ingenious Clean Energy are singular in their funding project equity in this space.  Investments can include any of the following:

  1. Water pipes
  2. Sewerage pipes
  3. Electricity grid lines
  4. Substations, pumping systems, transformers, smart grid systems and storage
  5. Gas pipelines
  6. Embedded generation infrastructure
  7. District heating and other localised energy systems
  8. Water treatment and recycling systems

This event will take a good hard look at different types of infrastructure investment, its attractiveness to investors and financiers, the opportunities that exist going forward and the key issues to be managed.

Agenda:

5.30pm Registration

6.00pm Welcome: Clive Hall, Rushlight Events

6.10pm  Introduction: Sebastian Speight, Ingenious Clean Energy

6.20pm  Energy infrastructure – Tony Woods, Managing Consultant, Ricardo PPA Energy.  His presentation is HERE.

6.40pm  Water infrastructure – George Taylor, Chief Technology Officer, Isle Utilities.  His presentation is HERE.

7.00pm Panel and Q&A augmented by

Imran Sheikh, Ingenious Clean Energy

Stephen Plumb, Director of Water, Kier Group

Speakers

George Taylor – Chief Technology Officer, Isle Utilities
George joined the water industry in the late 90s, working for a water related training organisation. Since then, he has worked across water and wastewater disciplines, in areas including: operations, commercial, strategy and R&D. He has spent time with contracting and consulting organisations including Mouchel and RSKW as well as time with Severn Trent Water and most recently with Thames Water as Head of Innovation. He also has some interesting overseas experience following placements in Guyana, Argentina and Greece amongst others. George is passionate about continually improving the standard and accessibility of water and wastewater services globally and strongly believes that continued research and innovation plays an essential part in achieving that.

Tony Woods – Managing Consultant, Ricardo PPA Energy

Tony is a utility management professional with around 10 years consulting experience in addition to more than 30 years working for EDF Energy (previously London Electricity and London Electricity Board) where he held many roles dealing with aspects of the commercial and financial activities of the electricity industry, including managing the commercial and financial teams for the then EDF Energy (now UK Power Networks) distribution businesses. He has a strong interest in the strategic responses to the likely future changes – structural, technical, institutional, regulatory, customer etc. – to the energy industry driven by decarbonisation, the use of renewable technologies and varying customer behaviour and attitudes. He has undertaken a wide range of consulting projects both in the UK and internationally. This includes a number of projects for Ofgem such as supporting the assessment of innovation proposals put forward by network operators under the network innovation competition and low carbon network fund arrangements, and price control reviews of transmission and system operator businesses.

Stephen Plumb – Director of Water, Kier

Stephen is Director of Water at Kier, having spent the last 5 years in senior roles at Thames Water as Head of Programme and Risk and more recently as Head of Metering and Developer Services.  He spent the first part of his career in various roles at Anglian Water Services and then took a break from the water industry briefly, gaining PPP contract experience as Head of Asset Management at Tube Lines.

 

Investing in Renewable Heat

Tuesday 7th July 2015

5.30pm to 9pm

Hosted by

Grant Thornton 3

30 Finsbury Square, London, EC2P 2YU

Half of our energy needs arise from our demand for heat and heating is responsible for one-third of UK carbon emissions.  Even with the Renewable Heat Incentive and the best efforts of the technology developers and suppliers, renewable electricity continues to attract the headlines ahead of renewable heat.   The belief that gas is cleaner, when compared with coal, has supported the initial emphasis being placed on reducing the coal-fired power sub-sector and, of course, electricity can be used for light and heating.  The transmission of heat is also far more challenging than electricity distribution, with customer proximity being a necessity.  This limits substantially the opportunities for merchant plant and typically means that there has to be a key captive heat offtaker, with corresponding risk issues.  It is far easier to distribute the fuel (gas) than heat and this is one of the main arguments for developing biomethane and other biogases to displace fossil-sourced gas in the grid.

However, with renewable electricity now being rolled out very effectively and the financing of renewable energy plant becoming standard and very competitive, we are taking a look at renewable heat schemes and the financing opportunities they provide.  With solar PV farms and offshore wind financing almost “commoditised”, margins for financiers are tight and so renewable heat schemes may now have real attractions.  Furthermore, heating has yet to be decarbonised to any extent at all and this means that there still remain plenty of opportunities to roll out renewable heating systems in scale across investment grade hosts and customers.

Renewable heat systems include the following:

  • Solar thermal
  • Ground, water and air source heat pumps
  • Deep geothermal
  • Biomass CHP
  • Heat offtake from anaerobic digestion and composting
  • Biomethane and other biogases
  • Heat recovery systems

Scientists argue that it is more efficient to store energy as heat rather than electricity and that is how we should be smoothing out our energy supply issues.

Furthermore, localised energy in the form of district heating schemes provide a cost and energy efficient solution where practical hurdles can be overcome.

At this event, we will be looking at all the renewable heating technologies, their suitability for different situations and the way in which they can be rolled out on a scale and as a package that is attractive for investors and financiers.  We will look at the incentives, the hurdles to be overcome and the solutions to those problems.

Agenda:

5.30pm Registration

6.00pm Welcome: Clive Hall, Rushlight Events

6.10pm  Introduction: Mike Read, Grant Thornton

6.20pm  Renewable Heating Options & Financing Issues – Jennifer Gilbert, Grant Thornton.  Her presentation is HERE

6.40pm  RHI and other mechanisms to support renewable heat – Adam Baddeley, Eunomia.  His presentation is HERE

7.00pm Panel and Q&A augmented by

Peter North, Senior Manager – Programme Delivery (Sustainable Energy), Greater London Authority

Peter Bachmann, Director, Scottish Equity Partners

Tony Crane, Strategic Development Director, Cofely UK

Nathan Goode, Consultant

Speakers

Adam Baddeley – Head of Energy, Eunomia

Adam joined Eunomia in December 2006 following a long consultancy career including stints at SLR Consulting and Juniper Consultancy Services. Throughout his career, Adam has focussed on the provision of advice on waste and low carbon energy investments. Prior to consultancy, he worked for a time as Project Manager at Midlands Woods Energy, where he managed and developed two district heating schemes.

Jennifer Gilbert – Grant Thornton

Jennifer’s focus is providing financial and commercial advice within the renewable energy sector, specialising in decentralised energy, energy efficiency and wider infrastructure advisory. She has been with Grant Thornton for over 5 years and is ACA qualified.  Recent experience includes assisting in the evaluation of DECC’s Electricity Market reform, financial and commercial due diligence on financial models supporting investment in heat networks as well as preparation of business plans, ESCO accounting analysis of balance sheet treatment and project management of on-site generation asset acquisition strategy for a Big Six energy company.

Mike Read – Grant Thornton

Mike leads Grant Thornton’s Energy, & Environment business. He specialises in providing financial and commercial advice as well as fundraising for energy and environmental infrastructure  contracts in the UK and  internationally. His client base covers procuring authorities, contractors and funders, as well as providing strategic advice and other support to governmental bodies.  Mike, whose background includes being a mining engineer as well as an accountant completed his first energy PPP contract in 2001 in the UK. Since then Mike has led or is leading over 30 municipal energy and environment projects both in the UK and internationally . Mike has also provided support around commercial fundraisings and M&A activity  in the waste and energy sectors.  Mike has also managed the recently completed evaluation of the roll out of EMR  undertaken jointly by GT and Poyry on behalf of DECC.

Nathan Goode – Grant Thornton

Nathan is a highly experienced adviser in the Energy & Environment sector. He founded the team at Grant Thornton over 10 years ago which he led until recently, before deciding to assume an independent consultant role. Nathan provides lead, strategic and commercial advice to clients in the public and private sectors, with specific expertise in district heating, energy efficiency, onshore and offshore wind and sustainable / smart cities, as well as wider infrastructure projects.  His recent  experience includes leading the independent evaluation  of Electricity Market Reform for DECC, advising Scottish Government on an assessment  of support for the low carbon sector in Scotland, advising on business cases for a number of district heating and decentralised energy projects for public sector bodies, including the Greater London Authority.

Peter North – Greater London Authority

Peter is currently a Senior Manager – Programme Delivery (Sustainable Energy), with the Greater London Authority. His main role is supporting both the public and private sector to develop and deliver larger-scale urban heat network projects. Peter is becoming increasingly involved in the research, policy development and planning of large-scale heat networks and supporting the innovative application of decentralised energy technology to heat networks.He holds a BSc in Engineering and an MSc in Building Services Engineering. He is a Fellow of the Institution of Mechanical Engineers and a Chartered Engineer.  His professional career has been in the energy sector in design, development and implementation of both the private and public sector energy projects. His technology experience ranges from nuclear and fossil fuels, to combined heat and power, district heating and renewables including waste. Peter’s work has involved the commercial development of energy projects combining engineering with commercial structuring and financing.

Peter Bachmann – Scottish Equity Partners

Peter is a Director at Scottish Equity Partners where he leads the £135m Environmental Capital Fund.  He is a career infrastructure investor with > £1bn third party equity deployed, managed and exited in over 100 successful global infrastructure investments covering all sectors including transport, social and environmental. He was previously a co-founder of EIDC which developed and invested into a range of renewable energy projects. He is also a former team head at Land Securities Trillium responsible for waste and secondary infrastructure investments. Prior to which he is a former Partner of the Secondary Market Infrastructure Fund (“SMIF”) which was exited to Land Securities with over £5bn of infrastructure projects. Peter was also one of the founding members of Challenger’s infrastructure and real asset business in Australia.

Tony Crane – Cofely UK

Tony is the Commercial and Strategic Development Director for the Energy Services Business Unit of Cofely UK. Cofely Energy Services is a market leader in District Energy with c£200m invested in generation and distribution assets. These include the Olympic Park, and city centre schemes in Birmingham, Southampton, Coventry, and Leicester.
Tony has a background in infrastructure project finance and development and worked for Balfour Beatty Investments for over a decade prior to joining Cofely. Amongst other responsibilities Tony leads Cofely’s development of new funding structures to both existing and new district energy projects.

Investing in the circular economy: Opportunities and challenges

Monday 23rd February 2015

5.30pm to 9pm

Hosted by

33 Old Broad Street, London EC2N 1HZ

It has been estimated that the global circular economy opportunity will be worth $1 trillion annually by 2025. With this tantalising opportunity, organisations are realising that the entrenchment of circular economy principles alongside their business goals can have a significant positive impact on the bottom line. Achieving this requires not only technological innovation but also business model innovation, the combination of which enables realisation of otherwise hidden commercial value.

Whilst the concept of the circular economy is in theory compelling, how does the opportunity that goes along with it translate into tangible opportunities for investors? This event will explore the role of technology in the circular economy and the accompanying transition to circular business models from the current linear status quo. The focus will be on practical examples and the associated challenges in the context of a broad range of sectors where organisations have successfully embedded the principles of the circular economy whilst benefitting shareholders, innovators and investors.

 

Agenda:

5.30pm Registration

6.00pm Welcome, Lloyds

6.05pm Introduction: Clive Hall, Rushlight Events and Chair, LCRN

6.10pm The role of technology in the circular economy. Mark Ramsay, Principal Consultant, Ricardo AEA.  His presentation is HERE

6.30pm Business model innovation in the circular economy. Rachel Lombardi, Director of Business Development, International Synergies.  Her presentation is HERE

6.50pm Panel and Q&A augmented by

Paul Turner, Sustainable Business Direct, Lloyds Banking Group

Dave Atkinson, Head of Manufacturing, SME Commercial Banking, Lloyds Banking Group

Alex Hook, Investment Director, NESTA

Jamie Butterworth, Advisor, Ellen MacArthur Foundation

Speakers

Mark Ramsay – Ricardo AEA

Mark is a charted Mechanical Engineer with almost 20 years of experience.  He joined Ricardo-AEA in 2014 from Ramboll and previously spent 4 years at AMEC energy and infrastructure.  Specific areas of waste infrastructure expertise are energy from waste (EfW) and anaerobic digestion (AD). Mark has delivered both EfW and AD plants from the inception stage through each phase of development and procurement through to construction.  On these projects, Mark engaged extensively with the local authority, waste management companies, construction companies and technology suppliers. Mark has also used his broad technical background and methodical approach to review project proposals, to assess their technical and commercial feasibility and to highlight project risks and opportunities.

Alex Hook – Nesta Investments

Alex joined NESTA in 2008 with a primary focus on making and managing investments in the clean technology sector, as well as interests in the medical technology and hardware sectors. Alex’s responsibilities cover the full range of investment lifecycle, from deal origination and execution to portfolio management and divestment.  He has been an active technology investor for over 15 years having previously worked for Foursome Investments (now Frog Capital), a privately backed venture capital firm which had a predominant interest in environmental and clean technology sectors.

Paul Turner – Lloyds Banking Group, and London Sustainable Development Commission

Paul’s is involved in a range of initiatives at Lloyds including sustainability, ethics, culture and the Group’s Helping Britain Prosper Plan. Prior to his current role he was involved with corporate banking and structured finance.  He is also the Deputy Chair of the London Sustainable Development Commission as well as a Senior Associate and Tutor at Cambridge University’s Institute for Sustainability Leadership. He is actively involved with the Corporate Leaders Group on Climate Change and the Banking and Environment Initiative and was formally an elected member of the UN Environment Programme’s Finance Initiative.

Dave Atkinson – Lloyds Banking Group

Dave is a qualified chartered Banker with almost 30 years of experience working with SMEs across the UK. He joined Lloyds Bank from school and has worked in a variety of roles across the UK and prior to his appointment as Head of Manufacturing for the SME Commercial Bank was an Area Director responsible for the Midlands Area. His team nationally now consists of around 100 managers across 13 teams who are responsible for supporting around 10,000 Manufacturing businesses across both Lloyds Bank & Bank of Scotland brands. The dedicated managers and senior leaders to the manufacturing sector are all accredited through the Warwick Manufacturing Group at the University of Warwick and undertake a minimum of 40 hours pa of Continued Professional Development in Manufacturing awareness. He is also trained and accredited as an enterprise mentor and dedicates his spare time supporting a national charity who raise funds to help children & their families suffering from debilitating & terminal illnesses.

 Renewable Energy Storage Today

Tuesday 18th November 2014

5.30pm to 9pm

Hosted by

15 Golden Square, London W1F 9JG

Technology advancements and innovation have brought the storage of renewable energy a step closer to reality. Onshore and offshore wind and solar energy are dependent on appropriate weather conditions and daylight, with natural substantial fluctuations in generation levels. Grid connectivity is based on the peak performance of the energy facility, which will only be relevant for a small fraction of the time with these technologies. Grid connection availability and cost can be improved substantially if the power output can be smoothed so as to reduce the peaks and fill in the troughs.

Renewable energy storage is the holy grail that can bring zero carbon power generation into the base load section of the main grid, thereby contributing to the displacement of fossil-fuelled plant at a more fundamental level and making the more attractive electricity prices accessible to renewable power technologies.

Renewable energy storage can come in a variety of forms, including batteries, potential energy systems such as pumped storage and compressed air, flywheels, hydrogen and temperature differential systems using hot water or ice. While the technologies themselves are fascinating, to the investor and the developer it is the storage performance, reliability and effectiveness that will dictate to what extent energy storage provides an economic benefit.

This event will set out how far the technologies have advanced, the market need for such technologies and the impact that they are likely to have going forward. The attractions of renewable energy storage systems for investors, financiers and developers will be presented.

Agenda:

5.30pm Registration

6.00pm Welcome – James Axtell, Investment Director, Ingenious Clean Energy

6.10pm Energy Storage Technologies for Renewables – Steve Saunders, Head of Energy Storage Business, Arup.  His presentation is HERE.

6.35pm The Market Impact of Renewable Energy Storage – Prof Goran Strbac, Professor of Energy Systems, Imperial College.  His presentation is HERE.

7.00pm Panel and Q&A, augmented by

James Axtell,  Investment Director, Ingenious Clean Energy

John Prendergast, Development Project Manager, RES

Jeff Draper, Director, Storelectric

A recording of the event can be found HERE

Speakers

Goran Strbac

Goran Strbac is a Professor of Energy Systems at Imperial College. His research, conducted in close collaboration with energy industry, governments and regulators, focuses on the development of technical, economic and market frameworks to facilitate cost effective integration of new forms of generation and demand side technologies. He chairs Energy Supply & Networks of the EU Platform on Smart Cities; Member of the Steering Committee of the Smart Grids EU Technology Platform; Director of the UK Centre for Grid Scale Energy Storage.

Steve Saunders

Steve is a long standing, enthusiastic and senior employee at Arup – an international multidisciplinary consulting firm. Professionally, he is a Chartered Electrical Engineer and interested in energy and sustainability. He has over 30 years of experience overseeing and offering expert advice on a diverse range of energy projects, both domestic and international, with a particular emphasis on renewable energy sources; wind energy and hydropower. Working in Arup’s Leeds, Manchester, York and Cardiff offices and around the world as needed, he leads the Renewable Energy Business for the UK, Middle East and Africa region for Arup and is the Head of Energy Storage for Arup.  In his role as a business leader for renewable energy within Arup and also the MEICA (Mechanical, Electrical, Instrumentation, Controls and Automation) technical leader for North West and Yorkshire, he leads and supports a range of projects, proposals and marketing initiatives within many areas of expertise across the UK. He has wide experience in managing the activities of multi-disciplinary teams of engineers, scientists, and environmental specialists involved in the development of infrastructure and energy projects.

Jeff Draper

Jeff is a Director of Storelectric Ltd, a company established in 2012 which has researched the possibility of constructing Compressed Air Energy Storage (CAES) systems in salt caverns, initially in Cheshire and then in salt basins throughout Britain, Europe and the world. He is a Chartered Accountant, qualifying with Arthur Andersen in 1987 and an expert in UK renewable energy infrastructure and strategy. Jeff’s combination of both strong financial and scientific skills and experience gives him a valuable and rare insight into the financial and scientific factors that need to be overcome to make present-day renewables projects commercially viable.

John Prendergast

John is a Senior Development Project Manager at RES focusing on energy storage. His RES experience also includes development of ground mounted solar projects. Prior to RES he worked for a venture capital backed low carbon cement start-up and worked in management consultancy. RES is a global independent energy developer active in wind, solar, energy storage and transmission. In 2014 it commissioned 8MW of grid connected energy storage projects.

 

 

 

M&A Opportunities in Cleantech

Wednesday 26th February 2014

5.30pm to 9pm

Hosted by

33 Old Broad Street, London EC2N 1HZ

This briefing will explore the evolving landscape of M&A in cleantech and where resulting opportunities are likely to be found across the cleantech spectrum.

It has been notable that both the water and the waste sectors, which are dominated by large operators, have been particularly active with M&A.  Small and early stage companies with interesting new technology have been acquired in these sectors as a more effective way of gaining new technology, rather than performing R&D in-house.

There have also been a number of acquisitions in the renewable energy space, with portfolios changing hands at various stages of development and not just linked with refinancing.  Energy efficency has also seen some sizeable international acquisitions and these are quite likely to continue as cleantech meets the internet of things and all things smart.

M&A provides a way in to interesting technology, a way of achieving scale most rapidly and an exit route for venture capitalists, business angels and other early stage investors.  It is also an obvious route for corporate venturers to make those cheaper, strategic, early stage investments that can make a profound difference to the future prospects of their groups.

Agenda is as follows:

6.00pm Registration

6.30pm Welcome – Alan White, Director Infrastructure & Energy Finance – Lloyds Banking Commercial

6.35pm Introduction – Clive Hall, Rushlight Events

6.40pm Latest Cleantech M&A trends– Angus McCrone, Editor Bloomberg New Energy Finance

7.10pm Panel and Q&A:

Chair: Ken Graham, MD Pace Equity

Resource sector: Robert Ryan, Head of Project Development, Viridor

Water sector: Stuart Moss, Head of Technology Approval Group, Isle Utilities

Energy sector: Rachael Nutter, Senior Venture Principal, Shell

Energy efficiency sector: Fabio Lancellotti, Investment Manager, Aster Capital

8.00pm Closing remarks – Ashan Arif, Corporate Partner, Clarkslegal LLP

8.05pm Networking

9.00pm Close

 

Speakers

Angus McCrone – Bloomberg New Energy Finance

Angus McCrone is chief editor of Bloomberg New Energy Finance. He has overall editing responsibility for the company’s newsletters and analysis on international clean energy, carbon, water and power. He works closely with BNEF’s 120-strong team of analysts and researchers, and takes a particularly close interest in topics such as project finance, renewable energy jobs, marine energy and hydro-electric. Before joining New Energy Finance at the start of 2007, Angus was a financial journalist for UK national newspapers for 18 years. He also worked as a senior economist for Centre for Economics and Business Research, a leading London based think tank, and as director of a start-up FSA authorised financial services firm.

Ken Graham – Pace Equity

Ken is a widely experienced international company director. He has enjoyed a lengthy and diverse career in international business and has worked in the UK, the USA, Africa, Europe and Australia. Between 1981-1989, as part of a compact team of six, he helped build a global Group from £50m to £700m revenues in the service industry, where he gained extensive experience in mergers and acquisitions across five continents. He founded Pace in 1989 to provide strategy and M&A advice to developing companies.

Robert Ryan – Viridor

Robert is Head of projects development at Viridor. He has been involved in waste, water, environmental engineering and consultancy since 1986 when he completed a post graduate degree at Imperial College. He is now involved in the strategic and commercial management of development projects and order book involving capital expenditure in excess of £1bn in local authority PPP contracts typically involving contract periods of 7 to 25 years; direction of Viridor’s bid activity incurring capital expenditure and contracts of strategic significance; business development and General Manager including the development and operation of facilities (P&L responsibility), business plans, DBFO and PFI projects and is responsible for the development and operation of more than twenty waste management, recycling and waste to energy facilities.

Fabio Lancellotti – Aster Capital

Fabio joined Aster in 2010 after starting his Venture Capital experience at EarlyBird in Munich, where he worked in an assignment during his business school period. Prior to that he has developed experience in the Private Equity practice at Bain and Company in Milan, where he focused on Energy and Telecom sectors during multinational assignments.  Aster Capital is a leading European VC fund, sponsored by Alstom, Solvay, Schneider Electric and the European Investment Fund

Rachael Nutter – Shell

Rachael is Technology Opportunity Manager and Senior Venture Principal at Shell. Shell’s corporate Venture Capital fund. STV invests in early-stage technology companies in oil & gas and future energy technologies (clean/green tech). Originally launched in 1997, this corporate venturing team has invested and deployed new technologies across the energy sector.  Prior to this, she was an Investment Manager with CT Investment Partners and Head of Business Incubators at the Carbon Trust.

Stuart Moss – Isle Utilities

Stuart manages a diverse team of engineers and scientists who support in the delivery of Isle’s Technology Approval Group (TAG) in the UK, Europe and the US. Water TAG is an innovation forum for leading global water utilities whereby they gain access to novel, innovative technologies breaking into the water sector.

 

 

Recyclates’ Market

Tuesday 24th September 2013

5.30pm to 9pm

Hosted by

33 Old Broad Street, London EC2N 1HZ

The market price and infrastructure for recyclates is the key determinant for the sustainable success of recycling. While government subsidy and other incentives can encourage recycling, landfill tax is invariably merely passed on to the customer, so there needs to be an intrinsic realisable value in the resource for recycling to operate effectively. This has been seen with recycling rates under pressure during the recession as recyclate markets softened and some resource streams became uneconomic to collect and process.

There are well-established businesses dealing with ferrous and non-ferrous metals, paper, glass, rubber and plastic bottles. There are also a range of social community enterprises and charities dealing with furniture, electrical goods and clothes. There are then niche players dealing with nappies etc, plasterboard, carpets, upvc, waste oils, paints, other plastics, wood, computers, waste aggregate, building materials and other WEEE. Some local authorities and other schemes also seek to address organic recycling.

For investors and financiers to engage with potential new recycling technologies and plant, there needs to be a clear route to market for the recyclate and for the price of the recyclate/end product to be firm.

 

Agenda is as follows:

5.30pm Registration

6.00pm Welcome – Alan Goward, Lloyds TSB Commercial

6.05pm Introduction – Clive Hall, Rushlight Events

6.10pm Recyclates Market Commentary – Dominic Hogg, Chairman Eunomia Research & Consulting.  His presentation is HERE.

6.25pm The Lloyds approach to waste management – Michael Taylor, Managing Director MITIE Waste & Environment.  His presentation is HERE.

6.35pm Case studies of the circular economy in industry – Rachel Lombardi, Business Development Director International Synergies Ltd.  Her presentation is HERE.

6.50pm The opportunities that remain in recycling – Paul Levett, Chairman LRS Consulting.  His presentation is HERE.

7.05pm Panel and Q&A, augmented by:

Bruce Bratley, CEO & Founder First Mile Recycling

James Samworth, Investment Director Foresight Group

Charlotte Eddington, Head of Infrastructure & Investment LWaRB

7.45pm Closing remarks – Jessica Taylor, Partner Clarkslegal LLP

7.50pm Networking

9.00pm Close

 

Speakers

Peter Laybourn

Peter is the founder of International Synergies. He was inspired to create the company’s flagship project NISP after learning of the By-Product Synergy programmes operating in the Gulf of Mexico in 1999 run by the U.S. Business Council for Sustainable Development. Peter graduated with a degree in Economics and Ecology from the University of Southampton and spent 18 years in the aerospace manufacturing industry as contracts and commercial manager at GEC Marconi, Smiths Industries and Meggitt Aviation & Marine. He also worked as sustainability consultant of Shell Exploration and Production, before completing a second degree in Environmental Management. He established the Business Council for Sustainable Development-UK in 2002 and held the position of Deputy Chief Executive for four years before leaving to establish International Synergies.

Dominic Hogg

Dr Dominic Hogg is Chairman of Eunomia Research & Consulting. Before founding Eunomia in 2001, he was Associate Director at ECOTEC Research & Consulting (now Ecorys) with responsibility for the company’s work on environmental economics and policy. Over the last two decades, he has conducted numerous high profile consultancy studies on matters of policy, strategy and economics as they relate to waste management. His clients have included Defra, DECC, Cabinet Office, Scottish Government, Welsh Government, Environment Agency, WRAP, Zero Waste Scotland, Eurostat, DG Environment, Joint Research Centre, European Environment Agency, European Investment Bank, OECD and government departments in Ireland, Slovakia, Slovenia, New Zealand, South Africa, Australia, Bulgaria and Romania. He has also carried out due diligence / market studies for clients including Goldman Sachs, Nord LB, Cooperative Bank, Ludgate Environmental Fund, Shanks, Marks and Spencer and New Earth Solutions. Amongst other assignments, he is currently leading a wide-ranging review of waste management targets, triggered by reviews of the Waste Framework Directive, Landfill Directive and Packaging Directive, on behalf of DG Environment.

Paul Levett

Paul has a number of non exec roles across the waste industry including non exec chairman of LRS [ a specialist waste & sustainability consultancy ] non exec chairman of PlasRecycle Limited , non exec chairman of PyroPure , and is a strategic advisor to Eternity Capital , Powerday , Closed Loop Recycling and Kyron. Prior to retiring to the non exec world in early 2011, his previous roles included Deputy CEO of Veolia Environmental Services , and Director – Recycling, Disposal and Municipal Services for Cleanaway. From 1999 to 2004 he was based in the USA, latterly as President of the CHEP businesses in Asia Pacific, Africa, Latin America and Canada. Paul joined the waste industry in the late ‘70s progressing to the board of Cleanaway in 1989 . He has been a director of ESA, a member of the CBI’s London Regional Council and a member of Defra’s WIDP PFI post close project review board.

Bruce Bratley

Bruce Bratley founded First Mile in 2004 to deliver Easy Recycling services to city centre businesses. First Mile helps 10,000 city centre businesses achieve high recycling rates at low cost.  Bruce started in business aged 12 selling produce he had grown on the family farm to passing motorists in the Yorkshire Dales. He then escaped the Dales (age 18!) to do a geography degree and then on to a Ph.D. in Marxism and the Environment. Bruce has worked in the environmental sector for 20 years with previous roles at Valpak, Wastelink and Envictor.

James Samworth

James is an Investment Director in the Environmental team at Foresight, having joined the firm in 2009. He is responsible for investing in waste and renewables projects, including leading deals for Foresight’s Green Investment Bank fund. He previously spent 10 years at Corus in operations management and commercial roles. Prior to joining Foresight James gained investment experience within banking and private equity in the environmental, natural resources and industrial sectors at Deutsche Bank, Lyceum Capital Partners and Next Wave Ventures. James holds an MA in Natural Sciences from Cambridge and an MBA from London Business School.

Investor Briefing

Sustainable Road Transport – a future perspective 

Wednesday 17th July 2013

5.30pm to 9pm

Hosted by  

1 Angel Lane, London, EC4R 3AB

There has been much progress made by electric vehicles, car batteries, charging infrastructure, hydrogen cars and buses, biofuels and liquefied biogas technologies and so it can be unclear as to which technologies best fit our current and expected future road usage. Is there a natural convergence of technology capability which makes one technology better suited for short car journeys and another for long haul logistics? What does the road transport of the future look like in 10, 20 and 50 years’ time? Will hydrogen provide the energy storage solution (for renewables) that many hope and will electric vehicles be the transport of choice for short personal journeys with car clubs linking up with trains for longer personal trips? Will the “hub and spoke” logistics structures provide a basis for a waste to synthetic fuel solution which enables end-of-life plastic packaging and products to run the fleets transporting products for retailers and construction?

This event will be of particular interest to any professional with transport responsibilities within a business, investors and financiers seeking or pursuing opportunities in transport, professionals advising on or actively improving the sustainability of business transport, consultants, technology providers, planners and other sector followers and participants. It brings the three main technologies together to ascertain where they might be going, what their market share might be and what the technologies are likely to achieve in the future.

Agenda

5.30pm Registration

6.00pm Welcome – Ken Rumph, Nomura

6.05pm Introduction – Clive Hall, Rushlight Events

6.10pm Road transport system of the future – Rupert Furness, Head of Environmental Strategy, DfT

Presentation is HERE

6.30pm The role for hydrogen and how it will be achieved – Chris McAtominey, Intelligent Energy

Presentation is HERE

6.45pm The role for electric vehicles and their limitations – Stephen Channon, Ricardo-AEA

Presentation is HERE

7.00pm The role for bio and synthetic fuels, the supply of raw materials and the development of infrastructure – John Baldwin, CNG Services Ltd

Presentation is HERE

7.15pm Panel discussion and Q&A – augmented by John-Marc Bunce, Nomura, and Peter Harris, UPS

7.55pm  Closing remarks –  Michael Sippitt, The Commonwealth Environmental Investment Platform

8.00pm Networking

9.00pm Close

Speakers details:

Rupert Furness 

Rupert Furness is the head of the Environment Strategy Division in the UK Department for Transport (DfT).  He leads the team which is responsible for developing policies to reduce the environmental impacts of transport, and for the delivery of DfT’s climate change and air quality commitments.  His previous posts in DfT have included advising Ministers on a range of transport and environment issues, and managing the implementation of the UK’s Renewable Transport Fuel Obligation.  Before joining the DfT in 2003, he worked for a number of other Government Departments including the Department for Environment, Food and Rural Affairs (DEFRA) and the Cabinet Office.

Stephen Channon

Stephen Channon is a senior manager with Ricardo Strategic Consulting (RSC), a subsidiary of Ricardo plc and one of the world’s leading management consultancies serving the Automotive & Transportation industries. He is an Electric and Electronic engineer by profession with over 18 years experience in the automotive industry and, prior to joining RSC, was responsible for Ricardo’s electric and electronic engineering team. Previous projects have included component development for hybrid and electric vehicles as well as a number of market studies and due diligence assignments for electric vehicle systems and their component technologies.

Dennis Hayter

Dennis Hayter is vice president for business development at Intelligent Energy, a UK-based clean power systems firm. He has been with Intelligent Energy since it started in 2001. He focuses on developing and commercialising their technologies. He has previously worked with the Netherlands Economic Institute and was managing director of MERC in Rotterdam. His career has also spanned stints as a principal at global consulting firms Booz Allen & Hamilton and AT Kearney, as well as a partnership post at Roland Berger Strategy Consultants. His industry roles include chair of the UK Hydrogen and Fuel Cell Industry Association and deputy chair of the London Hydrogen Partnership. He is board director of Cenex, the UK Centre of Excellence in Low Carbon and Fuel Cell Vehicles.

John Baldwin

Have held senior positions in the UK gas market from upstream (BGE&P, Armada Project), mid-stream (Manager, Network Development at Transco) and downstream (MD, BG/Lattice Energy Services), John’s focus now, as MD of CNG Services, is on biomethane injection to the low pressure gas grid and then taking CNG out of the high pressure grid to fuel trucks. This is a sustainable solution to reducing the carbon impact fromm HGVs.  He also works to support new gas storage projects and onshore gas fields – helping to get the gas into the LTS/NTS.

Peter Harris

With a Masters in Engineering from Cambridge University, Peter spent 2 years as a volunteer engineer in Indonesia finding better ways to store rice and 4 years with London Buses before he started his current 23 years with UPS including 6 as UK Automotive Director and 2 as UK Industrial Engineering Director.  He is now Director of Sustainability for Europe, Middle East and Africa.  He is also a non-executive director of Coperforma, a small company providing non-emergency passenger transport services to the NHS.

John-Marc Bunce

John-Marc joined Nomura Code as a cleantech equity research analyst in January 2008, having built Ambrian’s Alternative Energy coverage from 2006-2007.  He has been covering Cleantech companies for seven years having trained as a technology analyst at Dresdner in 2003 and having also held positions at Durlacher/Panmure Gordon and Dawnay Day.

Investor Briefing

Smart Sustainable Cities: Opportunities and Challenges

Wednesday 27th March 2013

5.30pm to 9pm

Hosted by  

30 Finsbury Square, London EC2A 1AG

Deployment and adoption of ‘smart’ technologies is accelerating globally. There is consensus within both the public and private sectors that the future of energy management will depend on such technologies. Despite this, the sector remains in its infancy and its trajectory depends on a host of interlinking factors. Where do the challenges lie for a truly ‘smart’ future? The event will explore smart grid/power, smart transport and smart homes, as individual challenges and opportunities, but also, and more importantly, how they relate to each other.

Agenda

5.30pm             Registration & networking

6.00pm             Introduction –  Charles Yates, Associate Director, Grant Thornton LLP

6.15pm             Landscape of Technology Solutions – Yasser Tufail, Associate Energy & Sustainability Engineer, Buro Happold

6.30pm             The Smart Market analysis – Archanan Amarnath, Program Manager – Visionary Innovation Research Group, Frost & Sullivan

6.45pm             Panel discussion and Q&A

Chaired by Charles Yates, Associate Director, Grant Thornton LLP

Archanan Amarnath, Program Manager – Visionary Innovation Research Group, Frost & Sullivan

Chris Cooper, Smarter Cities Architect, IBM

Erik Fairbairn, CEO, POD Point Ltd

Yasser Tufail, Associate Energy & Sustainability Engineer, Buro Happold

7.30pm              Closing remarks –  John Warchus, Forbury Investment Network

7.35pm              Networking and canapes

8.30pm              Close

Presentations can be found HERE

Investor Briefing

Water: an attractive investor opportunity

Tuesday, 15 May 2012

5.30pm – 9.00pm

Hosted by  

Lloyds TSB Commercial

33 Old Broad Street, London EC2N 1HZ

The water sub-sector is now very attractive for investors and financiers.  The demands for increasingly innovative solutions for drinking water and waste water  due to ageing legacy systems, improved quality standards and regulations and rapidly increasing populations mean that there is a requirement for significant investment in the infrastructure and new technologies to address the issues.  Although having a lower profile than its energy counterpart, smart water solutions are also being developed.

Agenda

5.30pm             Registration & networking

6.00pm             Introduction – Clive Hall, Rushlight Events

6.05pm             Welcome – Karen CookLloyds TSB Commercial

6.10pm             Keynote – The water and waste water sector: Investment and finance activity – Nick Walker, Director Natural Resources and Utilities, Lloyds TSB.  

His presentation is here.

6.20pm             Keynote – The water and waste water sector: Market analysis – Fredrick RoyanFrost & Sullivan.

His presentation is here.

6.40pm             Keynote – UK water sector approach towards innovation – Ian Walker, Innovation Director WRc.

His presentation is here.

6.50pm             Water company presentations:

                       James Dunning, CEO Syrinix. Presentation is here.

                       Justin Heath, Marketing Director Bluewater Bio.  Presentation is here.

                       George Papaeliopoulos, COO SolaQuaGen.  Presentation is here.

7.15pm             Panel Q&A

7.40pm             Summary & closing remarks – Vanessa Williams, Clarkslegal and Forbury Investment Network

7.45pm             Networking and canapes

9.00pm             Close

Speakers details:

James Dunning – Syrinix, CEO – With more than 15 years experience in the utility sector, James joined Syrinix as CEO in 2010 and successfully led the refinancing of the business (for which Syrinix, in conjunction with London Business Angels, was awarded the BBA Cleantech Investment of the Year 2011).  A City trained lawyer and graduate of the London Business School, James has significant experience in senior positions in the corporate utility sphere, with leading roles in £1bn+ of transactions, as well as in successfully leading smaller, entrepreneurial scale utility-related businesses through significant growth. Prior to joining Syrinix, James founded and successfully exited his own renewables business.  Now at Syrinix, James is driving the business’s focus on delivery, with revenues projected to double in his second year at the helm and Thames Water deploying Syrinix’s products across London.  Building on that, the company’s focus is now on leveraging that success domestically to support expansion overseas.

Fredrick Royan, Research Director – Global Environment (Water) Markets -Fred leads the Global Water Markets program area in the Frost & Sullivan London office. He has been tracking the Water Market as an analyst for the last 8 years and worked on successful advisory assignments for Tier 1 Water Tech Companies, OEM’s and start-ups. He is equipped with a proficiency in water & wastewater treatment technology trends in the municipal as well as key water intensive and water critical industrial verticals and ballast water treatment in the marine industry. His research interests are focussed on trends across developed vs developing geographies  with a strong interest in sustainable opportunities linked to the synergies between water, energy, material resources and information technology. Fred has a MSc in Environmental Protection and Management from the University of Edinburgh and a BSc in Environmental Sciences from St. Josephs College of Arts and Sciences, Bangalore.

Ian Walker – Innovation Director, WRc – Ian has 30 years’ experience of drinking water treatment and supply, sewerage and wastewater treatment, project management and business development.  He has been responsible for developing and leading WRc’s collaborative innovation programme that provides the UK water industry with £2.0 million targeted research each year. He works closely with the industry’s R&D managers and developed 25-year research road maps that were used by the utilities to inform their strategic direction statements.  Ian is a Chartered Scientist, ex Branch President of the Institute of Water, member and past Council Member of CIWEM and a member of IWA UK Committee.

Investor Briefing

Clean Energy in 2012 and Beyond

Tuesday, 13 March 2012

5.30pm – 9.00pm

Hosted by  

One Vine Street, London W1J 0AH

Clean Energy will have high visibility in 2012.  This event will debate the role of technology developers, investors and the wider community and how existing and emerging UK energy policies will impact upon them.

 

Speakers and panellists were:

James Close, Partner & Head of Cleantech Ernst & Young

Panel discussion – Clean Energy in 2012 and beyond, exploring the UK’s impending green policy landscape, including the Green Investment Bank, Renewable Heat Inventive, Feed-in tariffs and Green Deal

David Purdy – EEDO, Head of Insulations & Delivery DECC

Leo Bedford – Project Director Amber Infrastructure/ London Energy Efficiency Fund

Ruby Jones – Managing Director, Matrix Asset Management

Duncan Price – Director, Camco

Speakers details:

James Close – Partner and Head of Cleantech at Ernst & Young. James leads Ernst & Young’s work on the Government’s clean technology agenda. He is responsible for their Enterprise & Environment portfolio of accounts which include BIS, Defra, DECC and the associated agencies and NDPBs. A former Head of Corporate and Private Finance at HM Treasury, James also advises clients on government assets and privatisation.

Investor Briefing

New business models for goods and services in a sustainable economy

Tuesday 29 November 2011

5.30pm – 9.00pm

Hosted by  

1 St-Martins-le-Grand, London EC1A 4NP

Our fifth Investor Briefing focused on analysing the different business models which sustainable companies are deploying to develop and access the markets for their sustainable products and services.

Speakers were:

Andrew Wordsworth, MD Sustainable Ventures.  His presentation is here.

Ali Clabburn, MD of Liftshare.  His presentation is here.

Yoav Zingher, MD of Kiwi Power.  His presentation is here.

Seena Reejal, Business Development at Eight19.  His presentation is here.

Stephen Hurton, MD Proper Oils.  His presentation is here.

Alan Proto, MD of GML Group.  His presentation is here.

 

Investor Briefing

Commercial issues and technology developments in sustainable manufacturing, goods and services

Thursday 22 September 2011

5.30pm – 9.00pm

Hosted by  

1 St-Martins-le-Grand, London EC1A 4NP

Our fourth Investor Briefing focused on analysing the commercial issues and technology developments in sustainable manufacturing, green chemistry, sustainable products and services.

The speakers were:

Commercial and technology developments in sustainable manufacturing: Prof Steve Evans, Director of Research in Industrial Sustainability, Institute for Manufacturing, University of Cambridge.  His presentation is here.

Green Chemistry: Steve Fletcher, Director of Delivery Programmes, Chemistry Innovation KTN.  His presentation is here.

Biomaterials and other industrial biotech solutions: Yvonne Armitage, Industrial Biotech Expert, Biosciences KTN.  Her presentation is here.

Ilika: Graeme Purdy, CEO.  His presentation is here.

Investor Briefing

Commercial issues and technology developments in energy efficiency investments in the built environment

Wednesday 8 June 2011

5.30pm – 9.00pm

Hosted by  

1 Vine Street, London W1J 0AH

Our third investor briefing focused on analysing the commercial issues and technology developments in energy efficiency in the built environment sector.

Speakers were:

Steven Fawkes: Partner, Corporate Finance at Matrix Group Ltd.

Presentation is here.

Abdel Eljidi: Senior Manager, Renewable Technologies/Business Development, BSRIA.  Presentation is here.

Gary Parke: Director, Breathe Energy Ltd.  His presentation is here.

Dave Farebrother: Environmental Director at Land Securities.  His presentation is here.

Mark Coyle: Business Development Director, BGlobal.  His presentation is here.

Gordon Routledge: Consultant for Dialight plc.  His presentation is here.

Shaun Fitzgerald: Managing Director, Breathing Buildings.  His presentation is here.

Investor Briefing

Commercial issues and technology developments in organic waste investments

Tuesday 22nd February 2011

5.30pm – 9.00pm

Hosted by  

1 Vine Street, London W1J 0AH

Our second investor briefing focused on analysing the commercial issues and technology developments in the organic waste sector.

Speakers and panellists were:

Prof Chris Coggins: Visiting Professor of the University of Southampton School of Civil Engineering & Environment, Research Managing Agent for the DEFRA Waste Research Programme, EPSRC Sustainable Urban Environment (Waste) Programme.  His presentation is here.

Colin Steel: General Manager, Xergi.  His presentation is here.

Julian Marks: Director Barfoots Energy.  His presentation is here.

John Baldwin: Managing Director CNG Services Ltd.  His presentation is here.

Derek Barr: Director Agroplas.  His presentation is here.

Matt Hindle: Policy & Information Advisor, ADBA.  His presentation is here.

Investor Briefing

Market trends and technology developments in solar energy investments

Tuesday 28th September 2010

5.30pm – 9.00pm

Hosted by  

 88 Wood Street, London EC2V 7QQ

Our first environmental investor briefing focused on analysing the market trends and technology developments in the solar energy sector.

Speakers and panellists were:

Prof Stuart Irvine: Director of Centre for Solar Energy Research OpTIC Technium Glyndwr University, Chair PV Group Welsh Optoelectronics Forum, Head of the UK PV Supergen Programme.  His presentation is here.

Prof Keith Barnham: Senior Research Investigator for the Quantum Photovoltaics group at Imperial College, London.  His presentation is here.

Howard Johns: Chairman of the UK Solar Trade Association; MD and founder of Southern Solar which received investment from Triodos last year.  His presentation is here.

Chris Shannon: CEO Quantasol, which has Imperial Innovations, Low Carbon Accelerator, Netscientific and Numis Securities as investors.  His presentation is here.

David Owen: MD Photovoltaics International.  His presentation is here.