Business
Management Team Update
Management Team Update.
About this update from Invinity Energy Systems Plc
[{"type":"text","content":"\n \nRNS Number : 3910H RedT Energy PLC 15 November 2018 \n\nThis announcement contains inside information\n \n15 November 2018\nredT energy plc\n \n(\"redT\" or the \"Company\")\n \nManagement Team Update\nEnergy Assets Director appointed to manage redT storage portfolio\n \nredT energy plc (AIM:RED), the energy storage solutions company, is pleased to announce the appointment of Ed Porter to the role of Energy Assets Director with effect from 2 December 2018. Ed will take responsibility for business development activity for new grid-scale energy storage projects and will lead the asset and revenue optimisation of redT's energy storage assets under management, maximising revenues gained from the operation of redT energy storage infrastructure.\n \nEd joins redT after more than four years at Gazprom Marketing & Trading, the energy marketing and trading arm of Gazprom. He most recently held the position of Power Portfolio Manager, where he was responsible for 1GW of UK assets under management including; energy storage, gas peakers and a range of renewable generation. As part of this role he also developed commercial market strategies for these assets and undertook business development within the UK market. Prior to this, Ed held various senior positions within the fields of energy trading and asset optimisation, strategy and business development for Gazprom, RWE npower and Innogy Renewables. Ed holds a Master of Engineering degree from St Catherine's College, Oxford University. \n \nThe Company also announces that David Stewart stepped down as Chief Operating Officer on 14 November 2018. During almost two years at redT, David made an important contribution to the business, both technically and commercially throughout redT's growth phase, and has been a valued member of the executive leadership team. \n \nDavid will remain as a Non-Executive Director and continue to sit on the Board of Directors until 7 January 2019. His executive responsibilities will be assumed by Paul Docherty, redT's Operations Director, who joined redT earlier this year from Jabil Circuit inc. and Jean-Louis Cols, redT's Technology Director, who also joined earlier this year and brings over 25 years of complex engineering and R&D experience across multiple fields including fuel cells and energy storage sy...