Arenko’s Nimbus Trade software will be used and integrated with RWE’s trading platform.

Orders placed for first three DC coupled solar and storage projects, covering 165MW solar and 55MW / 110MWh of storage

Arenko have agreed a framework deal with RWE Supply and Trading GmbH (RWE), with RWE using Arenko’s enterprise grade Nimbus Trade product as part of its UK trading desk.

The technology will be deployed on  three DC coupled solar projects which are currently in construction with the first two projects going live in early 2025.

Under the agreement, RWE’s in house trading algorithms and trading capabilities will be integrated into Arenko’s Nimbus Trade product delivering a suite of automated trading capabilities for RWE’s trading desk which currently trades approximately 17.5% of UK power.

RWE is one of the leading companies in the field of renewable energy and by the end of the decade, the company’s green portfolio will grow to more than 65 gigawatts of generation capacity. Digitalisation is a cornerstone of decentralised, decarbonised energy.

Nimbus Trade, Arenko’s proprietary enterprise-grade trading product, helps large energy companies manage diverse and complex renewables and battery portfolios to deliver superior returns through:

• Standardising and operationalising highly complex asset control systems and data flows
• Streamlining connectivity and integrations with existing IT systems, third-party software and trading markets
• Automating key trading processes

Nimbus Trade is one of Arenko’s modular Products from the Nimbus Platform that links key stakeholders onto a single, common digital backbone with applications for traders, asset managers, owners and back-office teams.

Dynamically controlled assets such as these DC coupled solar projects or, for example assets with CFD AR4 allocations, are expected to be a major feature of sustainable energy systems globally. These projects reflect further endorsement of Nimbus’ market leading ability to manage these complex processes and operations and builds off the work that Arenko is already doing for storage sites co-located with wind, previously announced with Vattenfall, and co-located with solar, previously announced with Engie.

Rupert Newland, Founder and CEO of Arenko, said:

“We are delighted to have been selected by RWE and agreeing a framework deal with them for Nimbus to help support their operations, and we look forward to building this relationship. The three initial DC coupled solar projects are some of the most advanced, large scale collocated projects in the world and we can’t wait to go live early in the new year.

RWE are a major new software customer for Arenko and we are thrilled to be playing our part in helping them to achieve their ambitious targets. Developing software at an enterprise grade level for globally leading customers, like RWE, is core to achieving Arenko’s mission and vision and testament to the quality of our software product.”

Sarah Standen, Head of Commerical Asset Optimisation UK, commented:

“RWE is excited to be working with Arenko; bringing our first co-located battery projects to the UK market.”

Arenko and Gore Street Energy Storage Fund (“Gore Street”, GSF: LSE) have agreed a major deal to roll out Arenko’s Nimbus software platform across its operational battery portfolio.

An initial phase of 18 grid scale battery energy storage projects, with a capacity of nearly 500MW, across four countries, will be onboarded onto Arenko’s Nimbus platform over a six-month period. The first project is expected to be live and operational in Nimbus within a week of signing the agreement.

Nimbus will provide Gore Street with standardised data, advanced multimarket dispatch, enhanced asset operations capabilities, real-time asset telemetry, performance insights, and alerting and reporting capabilities designed to help drive technical performance across the portfolio.

Nimbus will also unlock connectivity for Gore Street across its stakeholders, which includes integrating the batteries through Nimbus with Accure’s battery health applications.

Nimbus, Arenko’s proprietary enterprise-grade software platform, helps large energy companies manage diverse and complex renewables and battery portfolios:

• Standardising and operationalising data flows
• Streamlining connectivity and integrations with existing IT systems and third-party software
• Automating key processes

Nimbus links key stakeholders onto a single, common digital backbone with applications for asset managers, owners, traders and back-office teams.

Rupert Newland, Founder and CEO of Arenko, said: “Gore Street has built one of the most advanced, internationally diversified energy storage portfolios in the world, and we are delighted they have selected Arenko to support the digital transformation of their assets as they enter this next phase of operations.

“This deal is further evidence of a growing trend among the most advanced asset owners using software to drive performance across their portfolios, projects and stakeholders. Our Nimbus enterprise software is consistently being chosen to support some of the most complex and active asset portfolios across batteries and renewables.”

Alex O’Cinneide, CEO of Gore Street Capital, the Investment Manager to Gore Street, said: “Integrating our operational assets with Nimbus marks an exciting step in our data-driven asset management approach. This integration streamlines our capabilities to optimise projects and enhances the tools available to maximise commercial revenues. In addition, it delivers significant safety benefits and unlocks Opex improvements available from our industry-leading portfolio insurance policy.”

Arenko, a leading technology provider, building a sustainable future by enabling a zero-carbon grid worldwide, and Varco Energy (“Varco”), a pioneering UK-based battery storage asset owner and operator, have agreed a deal to expand the scope of their relationship with an asset management software deal across some of the longest duration battery assets in the UK representing nearly 160MW/377MWh on three projects.

The deal marks an expansion of Varco and Arenko’s initial trading services relationship and will see Varco purchasing Arenko’s Nimbus Performance product across their battery portfolio. Nimbus Performance is Arenko’s game changing asset management software solution that provides asset owners comprehensive and unique data insights across diversified and complex asset portfolios. The first project was energised in August 2024 and will immediately be migrated onto Nimbus Performance, with two further large-scale projects migrating onto Nimbus as they energise in the coming months. Nimbus Performance will provide Varco with enhanced asset operations capabilities, real time asset telemetry, performance insights and alerting and reporting capabilities designed to help drive technical performance across the portfolio.

This agreement follows a similar large scale software deal announced between Arenko and Gresham House announced on 5 September 2024, with Gresham House purchasing Nimbus Performance on 250MW of batteries to help manage some of their tolling arrangements with Octopus.

Nimbus, Arenko’s proprietary enterprise grade software platform, helps large energy companies to manage diverse and complex renewables and battery portfolios:

• Standardising and operationalising data flows
• Streamlining connectivity and integrations with existing IT systems and third party software
• Automating key processes

Nimbus links key stakeholders onto a single, common, digital backbone with applications for asset managers, owners, traders and back-office teams.

Rupert Newland, Founder and CEO of Arenko Group, said: “This exciting contract is further evidence of a growing trend among the most advanced asset owners to focus on actively managing the technical performance of their portfolios across multiple projects and stakeholders. Our Nimbus enterprise software is consistently being chosen to support some of the most complex and active asset portfolios across batteries and renewables.

“Varco Energy have done an awesome job bringing some of the largest and longest duration UK battery assets into operations and we are delighted to be expanding our relationship with them as they start supporting the UK electricity grid.”

James Mills, Director, Varco Energy said: “Varco is pleased to extend Its partnership with Arenko by deploying their fully integrated, digitalized data and asset management software platform. We believe the enhanced insight, control, and real-time management capabilities this provides will deliver significant value to our investors and the broader energy system. As batteries emerge as the pivotal asset class in the energy transition, their digital nature offers a unique source of value and flexibility.”

Arenko, a leading technology provider, building a sustainable future by enabling a zero-carbon grid worldwide, and Gresham House Energy Storage Fund (“Gresham”) have agreed to expand the scope of their relationship with an asset management software deal covering some of the assets which are subject to Gresham’s recently announced tolling agreement with Octopus Energy.

The deal which covers 250MW of batteries across six sites will see Gresham purchase Arenko’s proprietary Nimbus Performance enterprise software. Nimbus Performance will provide Gresham with enhanced asset operations capabilities, real time asset telemetry, performance insights and alerting and reporting capabilities designed to help drive technical performance across the portfolio.

Nimbus Performance will also create a “Digital Passport” for the asset’s data helping deliver long term M&A value from the assets.

The projects were live on Nimbus Performance within a week of contract signing.

The Nimbus platform is a secure, resilient and scalable enterprise SaaS platform for accessing, controlling, trading and managing batteries, co-located assets and standalone renewable energy portfolios. Nimbus consists of onsite hardware (Iris), and cloud-based software with intuitive user Interfaces designed for a variety of stakeholders (across asset management, trading and back office functionality) and programmatic interfaces for advanced integrations into existing IT infrastructure and third party software applications.

Rupert Newland, Founder and CEO of Arenko Group, said: “We are delighted to be expanding our relationship with Gresham who we have a longstanding relationship with and are looking forward to supporting them in the next phase of their business.”

About Arenko
Arenko is a market-leading technology provider enabling the clean energy transition. Our technology enhances the return of batteries and renewables and opens the industry to more investment and innovation. Our mission is to build a sustainable future by enabling a zero-carbon grid worldwide. https://arenko.group/

About Varco Energy
Varco Energy is based in the UK and backed by the Adaptogen Capital Battery Storage Fund. Varco is committed to driving the energy transition to a net-zero future by building flexible energy storage in the UK. Varco currently has 274MWhs of BESS projects under construction to keep moving the UK towards a renewable future. https://www.varco.energy/

About Adaptogen Capital
Adaptogen Capital is a specialist battery storage investment firm backed by some of the earliest investors in the UK storage industry. We were founded to provide insightful expertise to our investors and help them navigate the energy transition as sustainably and profitably as possible. Capital comes from a broad range of family office and institutional investors, with significant investment from our founding directors. https://www.adaptogencapital.com/

PR Contact
Tom Huddart/Rebecca Waterworth
Camarco
+44 (0)20 3757 4991

About Arenko
Arenko is a market-leading technology provider enabling the clean energy transition. Our technology enhances the return of batteries and renewables and opens the industry to more investment and innovation. Our mission is to build a sustainable future by enabling a zero-carbon grid worldwide. https://arenko.group/

PR Contact
Tom Huddart/Rebecca Waterworth
Camarco
+44 (0)20 3757 4991

The non-equity dilutive program is designed to help mature startups accelerate decarbonization at scale

March 8, 2023—Arenko announced today that it has been selected as one of the 15 startups that will participate in the Amazon Web Services (AWS) Clean Energy Accelerator 3.0, a high-pace, non-equity dilutive accelerator designed to facilitate collaborations with mature startups developing breakthrough clean energy technologies. The program is focused on fostering innovation and rapid growth of clean energy technology, which is needed to address the global climate crisis.

“The ground-breaking innovations, products and solutions displayed in the previous Clean Energy Accelerator programs have offered an inspiring glimpse into the energy systems of the future, and chart a path towards accelerating decarbonization at scale,” said Howard Gefen, General Manager of Energy and Utilities, AWS. “We’re pleased to welcome Arenko into the Clean Energy Accelerator 3.0, and work together to take on one of the greatest challenges of our generation.”

“We are excited to join the AWS Clean Energy Accelerator and work towards overcoming clean energy and decarbonization challenges,” said Rupert Newland, CEO. “Through this program we can help define and shape the future of clean energy innovation.”

Primary focus areas of the AWS Clean Energy Accelerator 3.0 include: advanced materials; carbon capture, utility and storage; economic hydrogen generation, transport, and use; energy storage; grid modernization; energy security and reliance.

The program is designed to spur co-innovation through energy collaborations, and is centered on the needs of mature startups from across the globe. Through the program, industry and thought leaders will mentor startups on topics like energy, digital competency, investment, public policy, innovation, and advanced research. Leading energy organizations will work with selected startups on addressing clean energy and decarbonization challenges, while AWS provides guidance in accelerating experimentation, expanding automation, and delivering deep insights by leveraging the cloud.

The AWS Clean Energy Accelerator 3.0 will include 12 weeks of virtual and in-person programming, kicking off in Seattle in April. The program will have an expanded reach and scope, which includes international exchange sprints to foster tech innovation hubs around the world, including one in the UAE, in collaboration with Masdar City. The Clean Energy Accelerator 3.0 will culminate with the Innovation Showcase that will be held at the 2023 United Nations Climate Change Conference (COP 28) next November in Dubai. The event will include CEA startups showcasing their clean energy technology innovations, and highlights on the latest CEA-driven clean energy technology pilot programs. Click here to pre-register for the Clean Energy Accelerator Innovation Showcase and receive the latest program updates.

Learn more about the AWS Clean Energy Accelerator at: www.aws.amazon.com/energy/clean-energy-accelerator.

About Arenko
Arenko is a market-leading technology provider enabling the clean energy transition. Our technology enhances the return of batteries and renewables and opens the industry to more investment and innovation. Our mission is to build a sustainable future by enabling a zero-carbon grid worldwide. https://arenko.group/

PR Contact
Tom Huddart/Rebecca Waterworth
Camarco
+44 (0)20 3757 4991

Arenko has delivered an additional £1m of revenue per annum for every 50MW battery versus competitors and is pleased to release a performance update of battery assets using our Nimbus software and launch the Nimbus Portfolio Performance Tool.

Highlights

• Arenko is the top performing battery optimiser in UK year to date
• Assets using Arenko’s technology-led optimisation service capture over £1m excess revenue per annum for every 50MW battery versus market average
• Batteries optimised by Nimbus captured 8% higher revenue than closest competitor optimiser
• Our analysis is based on year to date (January to October 2022) performance of every operational battery in the UK, including estimated cost to serve
• Performance is adjusted to account for part year operations and is based on data from Elexon, National Grid, and EPEX
• Launch of Nimbus Portfolio Performance Tool which provides the most extensive and granular data set available, mapping the financial performance of every UK battery system, for every settlement period
  • Provides a dataset of the financial performance of every operational UK battery
  • First of its kind tool analysing the profitability of battery assets and including the estimated cost to serve across the entire battery revenue stack with model assumptions validated against the real performance of assets
  • Tool can be used to review the performance of every battery, battery portfolio, optimiser, trading strategy, battery provider and battery size

Battery Performance Update

Arenko is delighted to announce that, in the year to date, batteries operated though our Route to Market service, using our Nimbus software, have generated a 14% higher battery return than the industry average, and an 8% higher battery return than the next closest competitor optimiser.

Assets optimised by Nimbus have delivered an industry leading average annualised battery return of £168k per operational MW per year, equivalent to more than £1m per 50MW battery per year above the market average.

This analysis highlights that Arenko’s technology-led optimisation service has consistently delivered market leading results in the period, across a broad range of assets, from multiple technology providers, and across a range of different trading environments.

Our analysis can be found below for the period January to October 2022:

Launch of Arenko’s Portfolio Performance Tool

Arenko is also delighted to launch the beta version of its Nimbus Portfolio Performance Tool. This marks the first tool of its kind to be made publicly available that extensively maps the financial performance across the full revenue stack (all wholesale trading and ancillary services[1]), including the estimated cost to serve of all UK batteries for every settlement period with model assumptions validated against the real performance of assets.

The result of over a year’s data science effort at Arenko, the Nimbus Portfolio Performance Tool was developed to increase confidence and transparency amongst customers and stakeholders and to enable greater understanding of underlying performance in the industry. This tool represents the most granular and extensive dataset available to assess financial performance, trading strategies and asset performance to enable robust decision making for asset owners, optimisers, traders, and investors in the rapidly growing and maturing UK energy storage market.

The Nimbus Portfolio Performance Tool consistently operates to a high level of accuracy enabling our customers to:

• Understand trading strategies of every battery asset in the UK across all markets in the revenue stack;
• Benchmark all optimisers, battery providers and asset sizes;
• Record the financial performance of every asset; and
• Understand the financial impact of downtime

Arenko’s Nimbus Portfolio Performance Tool is now available as a premium service. To sign up for the tool, please contact Darren Toner (Arenko’s Commercial Manager) at dt@arenko.group.

[1] Excluding capacity market revenue.

Rupert Newland, CEO, Arenko, commented:

“We are thrilled that Arenko’s Nimbus platform is substantially outperforming the industry average and is the number one ranked portfolio in the UK. This performance validates our focus on our technology and our team, and we look forward to continuing to deliver market leading performance for our customers and their investors.

 

“We also believe the release of our Nimbus Portfolio Performance Tool will be hugely beneficial for asset owners. It is an exceptionally powerful decision-making tool for the industry and we look forward to delivering this to our customers.”

Arenko, a leading technology provider enabling the clean energy transition, is pleased to announce the launch of its sustainability strategy.

Highlights:

• Arenko is committed to being carbon neutral in scopes 1, 2 and 3 by 2023 to help tackle climate change, and demonstrate our commitment to accelerating the transition to net zero
• Arenko is committed to diversity and inclusivity and is aiming to achieve 60% in its Diversity Index* across all levels and countries in the business by 2025
• Arenko will continue to deliver transformative technology and has made a commitment to spend 20% of its profit on research & development (‘R&D’) annually

Arenko’s technology enables the energy transition, offering software that boosts the performance of renewable assets as well as delivering a solution to the variability of solar and wind. The Group will continue to invest in its technology to develop new products that enable its customers to maximise return from their assets, as well as contributing towards net zero and increasing energy security and energy affordability.

Arenko is also committed to empowering its people and is continuously expanding its search for new, diverse talent.

To find out more, the sustainability strategy can be found at https://arenko.group/sustainability

Eddie Siow, CFO and Chair of the Sustainability Committee, Arenko Group, said:

“As the chair of the sustainability committee, I am delighted to be launching our sustainability strategy. The transition to net zero is the challenge of our time. We have rigorously reviewed our business and have set clear milestones across our three focus areas: enabling net zero, empowering people and delivering transformative technology. Moving forward we are committed to delivering and disclosing our performance against our targets, and continuing to develop our sustainability strategy as a way of managing risk and delivering shareholder value.”

Arenko, a leading technology provider, building a sustainable future by enabling a zero-carbon grid worldwide, is pleased to announce that it has signed a second contract with Vattenfall to optimise a new co-located 20MW/45.5MWh battery asset in Northumberland, North East England, which is expected to be energised later this year.

The award of this contract follows on from the contract to optimise Vattenfall’s 22 MW / 16 MWh  battery, co-located at the 228MW Pen y Cymoedd Wind Farm in South Wales, announced on 13 May 2022.

This is the second battery asset co-located to a wind farm site in the UK to be optimised by Arenko’s leading optimisation software. A battery asset co-located at a wind farm site can benefit from using the existing wind farm grid export connection. Arenko is the market leader in providing complete end-to-end trade optimisation and automated dispatch software to maximise returns on co-located assets.

The asset will utilise Arenko’s cloud-based software, Nimbus, which forecasts market and asset conditions, performing millions of simulations per day to optimise trading decisions and asset performance across markets, and then securely and autonomously dispatch stored energy from the asset.

Arenko’s technology continues to provide a global platform that delights customers through intelligent control of energy assets and provides the technology for the industry to freely innovate.

Rupert Newland, Founder and CEO of Arenko Group, said:

“We see this second contract with Vattenfall as a testament to Arenko’s optimisation services and as reaffirmation of the potential of our technology to add value to customers. We are incredibly excited for the opportunity to optimise the first two-hour duration asset in our growing Route-To-Market portfolio. We are delighted to be building on our existing relationship with Vattenfall and hope to continue to grow this relationship even further in the future.”

Kyle Philpott, Project Developer at Vattenfall, said:

“We are delighted to be working with Arenko again with a contract to optimise Battery@Ray. Local and regional solutions for storing and using electricity are becoming more and more important as we move to net zero and our electricity requirements increase.

 

Once energised later this year, Battery@Ray will play an important part in helping us achieve our goal of fossil fuel free living within one generation.”

Arenko, a leading technology provider, building a sustainable future by enabling a zero-carbon grid worldwide, is delighted to announce the launch of its Nimbus product range for battery owners. The Nimbus product range is a complete software solution which connects and optimises batteries using Arenko’s automation technology, AI, enhanced analytics and deep-learning algorithms.

Arenko’s vision is to provide a global platform that delights customers through intelligent control of energy assets and provides the technology for the industry to freely innovate. The new products announced today will build on and complement Arenko’s existing strengths in optimising and trading energy storage assets:

• Nimbus-Asset unlocks improved asset performance and allows participation in the most advanced of energy markets
• Nimbus-Exchange provides simple and cost-effective access to multiple power markets and grid operators
• Nimbus-Trade is an off the shelf solution to simplify the trading of energy storage assets, enabling customers to control assets and scale faster
• Nimbus-Marketplace is a digital marketplace providing access to a network of innovative software products via Arenko’s trusted third party developers, providing customers with a new degree of flexibility to maximise the value from their energy storage assets

Arenko’s products and services are already widely used by energy companies and investors, with over 1.7GW of batteries operational and in development already contracted to use Nimbus and c.25% of UK batteries using Nimbus today. The technology has been tested and proven on some of the world’s largest batteries since it was first launched in 2017 giving Arenko a deep understanding of the market it operates in.

Nimbus is designed for asset owners to maximise financial and technical performance across their battery assets and portfolio. By integrating with all battery technologies and optimisers it provides flexibility of choice for our customers.

Nimbus products can be used individually or bundled together and are designed for standalone batteries and batteries co-located with renewables, globally. The new products will allow Arenko’s customers to maximise returns from their assets and enable the energy transition to a net zero future.

Rupert Newland, Founder and CEO of Arenko Group, said:

“Since our foundation in 2014, Arenko has developed market leading software to optimise energy storage assets. During that time, we have also listened to our customers, helping us to understand their needs in a rapidly changing industry. We are therefore delighted to be launching our new suite of products that will enable zero carbon grids worldwide and will be the go-to product for asset owners globally. We are fully funded for the next stage of our development and I look forward to it with great excitement.”

Arenko, a leading software platform provider to the energy market, is pleased to announce that it has entered live operations with Vattenfall’s 22MW / 16 MWh battery, which is co-located at the 228MW Pen y Cymoedd Wind Farm in South Wales, following the completion of its Enhanced Frequency Response (“EFR”) contract in February 2022.

The site is the first battery storage facility in the UK to be co-located at a wind farm site, allowing it to benefit from using the existing wind farm grid export connection. It consists of 500 BMW i3 automotive battery packs housed in five shipping containers and was one of the eight projects selected by National Grid to provide the EFR until February 2022.

Arenko is the first company to optimise a storage asset co-located with a wind farm in the UK. Arenko has repurposed the asset to be optimised into wholesale, day-ahead and intraday markets.  Arenko is using its cloud-based optimisation software, Nimbus, to forecast market conditions, perform millions of simulations per day to optimise trading decisions across markets, and then securely and autonomously dispatch stored energy from the asset. This complete solution results in increased return on investment  for asset owners and streamlined portfolio growth for flexible assets on an energy grid in which decisions have to be made with ever- increasing speed.

Arenko aims to be the market leader providing complete end-to-end trade optimisation and automated dispatch software to maximise returns on co-located assets. Arenko’s technology continues to aid its customers by enabling the flexibility required to support the global transition to a zero-carbon grid.

Rupert Newland, Founder and CEO of Arenko Group, said:

“We are delighted to start delivering on our contract with Vattenfall, one of Europe’s leading energy groups. It’s been a great opportunity to demonstrate the efficacy and power of our technology on a co-located asset.”

Jake Dunn, Commercial Manager at Vattenfall, said:

“At Vattenfall, our goal is to enable fossil fuel free living within one generation. We are determined to help this energy transition not just through renewable generation but also supporting grid stability through co located battery storage projects. Now the EFR contract has come to an end, the battery will move to a more diverse range of ancillary services and we are grateful to be assisted in this by the market leading expertise of Arenko.”

Arenko, a leading technology provider enabling the clean energy transition, is pleased to announce that Mike Wallace has joined Arenko as Chief Commercial Officer.  Mike will have a central role in helping the Company deliver on its vision to provide a global platform that delights customers through intelligent control of energy assets and provides the technology for the industry to freely innovate.

Mike has a proven track record of growing global companies having worked for both UK and US registered businesses. Recently, Mike has held positions as Chief Revenue Officer for a UK SME business operating in the Cyber security and IT Services markets and for one of Capita’s software businesses selling SaaS, AI and professional services into the Energy and broader Utilities sectors. Mike grew and then sold this Capita business in 2022. Prior to this Mike held a number of other Director and main board roles with software, technology and services businesses across Telecoms, Fintech and Civil Engineering. Mike has a wealth of experience managing global sales, marketing and account management teams as well as delivering customer service.

Mike has a degree in Economics and is a member of the Institute of Directors. Mike will join the Arenko Leadership Team immediately.

Rupert Newland, Founder and CEO of Arenko Group, said:

“We are delighted that we have been able to attract a CCO of Mike’s calibre to Arenko. We are at an important stage of our growth trajectory as we seek to expand our product offering and geographies to meet the global needs of the energy transition. Mike will bring a huge amount of experience and expertise and we look forward to welcoming him to the team as we work together to build on the continued success of Arenko.”

Mike Wallace, CCO of Arenko Group, said:

“Arenko is perfectly positioned to facilitate a global transition to a zero-carbon future. I look forward to working with the Arenko team and contributing to its next phase of growth as we work towards creating a business that can deliver for our clients on one of the biggest issues we face today.”

Arenko, a leading software platform provider to the global energy asset automation market, is pleased to announce the appointment of Eddie Siow as Chief Financial Officer. Eddie brings over 17 years’ experience working in a variety of senior and board roles in the energy and financial sectors, with an established track record in operational and corporate finance, M&A and capital raising, and managing and growing energy transition businesses.

He joins Arenko from ENGIE, the global energy and services company, where he held the position of Finance Director of ENGIE Futures, a £150m revenue UK portfolio of heat networks, electric vehicle charging, and distributed and renewable generation businesses. At ENGIE, he also was a board member for its UK onshore wind and solar assets, and helped develop greenfield investment opportunities.

Prior to ENGIE, Eddie was a director in the investment bank at Barclays, where he led and executed M&A and capital raising transactions in public and private markets focusing on power, utilities, renewable energy, regulated networks, and infrastructure. Previously, Eddie also worked in investment banking at Lehman Brothers and Nomura.

Eddie holds a Master of Studies in Sustainability Leadership (MSt) from the University of Cambridge, and a Bachelor of Commerce (Finance) and Bachelor of Laws (BCom LLB) from the University of New South Wales. Eddie qualified as a Chartered Accountant with Ernst & Young in London.

Rupert Newland, Founder and CEO of Arenko Group, said:

“We are delighted to welcome Eddie as CFO to the Arenko team. Eddie’s significant financial experience and deep sector expertise in grid scale and distributed renewable energy will greatly enhance our management team. Eddie will provide the financial expertise necessary to enable Arenko to facilitate a global transition to a zero-carbon future.”

Eddie Siow, CFO of Arenko Group, said:

“I am passionate about the role of capital in delivering the energy transition to achieve Net Zero. I look forward to joining the Arenko team and contributing to its next phase of growth as we work towards creating a zero-carbon grid.”

Arenko, a leading software platform provider to the global energy asset automation market, is pleased to announce it has signed an agreement with Foresight Group (“Foresight”), a leading infrastructure investment manager, to optimise the 50MW Sandridge energy storage asset owned by funds managed by Foresight, which is due to be operational in 2022.

Arenko will use complete end-to-end trade optimisation and automated dispatch software to maximise returns from the asset. Arenko’s cloud-based optimisation software forecasts market conditions, performs millions of simulations per day to optimise trading decisions across markets, and then securely dispatches stored energy from the assets. This complete solution results in increased return on investment (“ROI”) for asset owners and streamlined portfolio growth for flexible assets on an energy grid in which decisions have to be made with ever-increasing speed.

This is yet another step in Arenko’s technology enabling a global transition to a zero-carbon future as it aids its customers by enabling the flexibility required for the UK to run purely on zero-carbon electricity by 2025.

Rupert Newland, Founder and CEO of Arenko Group, said:

“We are pleased to have signed another major contract with a leading infrastructure investment manager in Foresight Group. Arenko will be utilising its software to deliver improved returns from the 50MW Sandridge energy storage asset. We look forward to delivering this service for our client.”

Fuad Yusibov, Investment Manager, Foresight Group, said:

“We are pleased to be optimising the Sandridge storage asset together with Arenko. We have been very impressed with Arenko’s track record, technical capabilities, and commercial proactivity. We are looking forward to generating returns for our investors and contributing to net-zero transition through various current and potential future services and markets by leveraging Arenko’s expertise.”

Arenko, a leading software platform provider to the global energy asset automation market, is pleased to announce the signing of a new software licence agreement with a listed energy infrastructure company. The customer will use Arenko’s complete end-to-end trade optimisation and automated dispatch software on its UK trading desk.

Arenko’s cloud-based optimisation software forecasts market conditions, performs millions of simulations per day to optimise trading decisions across markets, and then securely dispatches zero-carbon energy assets. This complete solution results in increased ROI for asset owners and streamlined portfolio growth for flexible assets on a grid in which decisions must be made with ever-increasing speed.

This customer is the first software licensee to benefit from Arenko’s deep technical expertise and commitment to accessing new markets quickly and seamlessly, on which Arenko built its reputation. The partnership will see Arenko optimising a growing portfolio of the customer’s batteries over the next two years.

Arenko looks forward to growing the partnership as its customer executes on its impressive development pipeline.

This is yet another step in Arenko helping to enable a global transition to a zero-carbon future.

Rupert Newland, Founder and CEO of Arenko Group, said:

“We are delighted to sign this major software deal which opens up the global software market for Arenko. Our technology is enabling the flexibility required for energy companies to access and deliver all of the capabilities of their flexible assets. We look forward to delivering this contract and many others as the software partner of choice for asset owners and operators who are supporting the transition to a zero carbon grid.”

Arenko, a leading software platform provider to the global energy investor market, is pleased to announce it has signed a trading optimisation services agreement with Vattenfall, the leading European energy company.

Vattenfall’s 22MW / 16 MWh battery is co-located at the 228MW Pen y Cymoedd Wind Farm in South Wales. It was the first battery storage in the UK to be co located at a wind farm site, allowing it to benefit from using the existing wind farm grid export connection. It consists of 500 BMW i3 automotive battery packs housed in five shipping containers and was one of the eight projects selected by National Grid to provide Enhanced Frequency Response (“EFR”) until February 2022.

With the signing of this new contract, Arenko will use complete end-to-end trade optimisation and automated dispatch software to maximise returns from February 2022 onwards. Arenko’s cloud-based optimisation software forecasts market conditions, performs millions of simulations per day to optimise trading decisions across markets, and then securely dispatches stored energy from the assets. This complete solution results in increased return on investment (“ROI”) for asset owners and streamlined portfolio growth for flexible assets on an energy grid in which decisions have to be made with ever- increasing speed.

This contract builds upon recent contract wins as Arenko’s technology aids its customers by enabling the flexibility required to support the global transition to a zero-carbon future. Arenko was pleased to work closely with Jake Dunn, Commercial Manager at Vattenfall who pioneered the development of renewables co location in the UK, to finalise this agreement.

Rupert Newland, Founder and CEO of Arenko Group, said:

“We are delighted to have signed this contract with Vattenfall, one of Europe’s leading energy companies. Arenko will be utilising our best-in-class asset optimisation services to enhance the returns from the battery asset in South Wales. This is an exciting opportunity for Arenko, and we look forward to delivering on the contract for Vattenfall and for other asset owners going forward.”

Jake Dunn, Commercial Manager at Vattenfall, said:

“At Vattenfall, our goal is to enable fossil fuel free living within one generation. We are determined to help this energy transition not just through renewable generation but also supporting grid stability through co located battery storage projects. As the EFR contract comes to an end and the battery moves to a more diverse range of ancillary services, we are grateful to be assisted in this by the market leading expertise of Arenko.”

Arenko Group is pleased to announce its Chief Product Officer, Andy Hadland, has been selected as a member of National Grid ESO’s Technology Advisory Council (“TAC”). The TAC was formed to guide ESO on its digital, data and technological transformation. The group will work closely with ESO on the development of new systems, ensuring that ESO works with the industry and gives transparency and accountability for all development.

Andy has been chosen for his expertise in technology and transformation, in recognition of his role in creating Arenko’s world leading AI platform and his contribution as a guest lecturer at Imperial College Energy Futures Lab.

Andy Hadland, Chief Product Officer, said:

“I am hugely excited to be part of such a diverse group of sector-leading experts. The TAC will play an important role guiding ESO on its transformation to deliver a cleaner energy system.

“My involvement in the TAC is another example of Arenko’s continued support for National Grid and our commitment to creating a greener future for the UK.”

A full list of members of the ESO Technology Advisory Council can be found here:

https://www.nationalgrideso.com/who-we-are/stakeholder-groups/technology-advisory-council