All posts by louise

Rose Wang

Rose (Mengyuan) Wang joined Armstrong in February 2019. Prior to this, Rose worked as an associate in Deal Advisory business in KPMG Sweden, where she provided financial and vendor due diligence services for large corporate and leading private equity clients in the Nordics. Before that, Rose worked at a Stockholm-based VC/PE and financial advisory firm, Accelerated Innovation, where she worked with the investment fund and advised Asian buyers on investments opportunities in the Nordic market.

Rose holds an MSc degree in General Management from Stockholm School of Economics, a BSc degree in Management from Renmin University of China in Beijing. She is currently studying for the CFA Level II certificate.

Rose speaks fluent Chinese, English and business Swedish.

Gelion launches zinc bromine gel battery to take on lithium mainstays

Gelion’s battery solution has this week entered into the $70bn storage market to accelerate global growth in the renewable energy sector through the launch of its product, Gelion Endure: an energy storage platform, designed to bring new capability to the energy sector globally.

By re-imagining the internals of established zinc bromide batteries, Gelion provides scalable storage for green power, with a battery that compared to current technologies, is designed to be safer and lower cost – both in terms of initial outlay and total cost of ownership. Gelion CEO, Mr Rob Fitzpatrick, explains that storage is the key element enabling widespread adoption of renewable power. Innovative battery storage solutions at scale are required for renewable energy to reach its full potential. The zinc bromide chemistry used by Gelion operates safely without the need for active cooling. It uses 100 percent of the battery’s capacity and its electrode surfaces can be rejuvenated remotely, using state-of-the-art battery management systems, without the need for on-site servicing. This makes it ideal for stationary energy storage applications in all areas, including remote sites.

Gelion Endure came to life this week at its inaugural commercial deployment at the University of Sydney. It was used to power a mobile, solar-driven lighting system on the campus aimed at improving student safety after dark. During the next year, the University will be incorporating Gelion battery systems to power more solar mobile light towers.

For further information on Gelion go to www.gelion.com & www.gelion.com/video

Melissa Callaghan

Melissa joined Armstrong Energy in November 2018 as Administrative Assistant. Prior to this, Melissa graduated from the University of Leeds with a first class degree in Geography and a MSc with Distinction in Climate Change and Environmental Policy.

Melissa has always had a keen interest in environmental issues and is eager to learn more about renewable energy and its role in combating climate change.

Rodolfo Bigolin

Rodolfo joined Armstrong Energy with a wealth of experience in the renewable energy sector: he began his career in the renewables field in 2008, developing and constructing PV projects across Italy, before going on to hold senior roles for both US and Chinese solar manufacturers. He subsequently joined Hideal Partners as Business Development Manager where he worked on several infrastructure M&A transactions across Europe. He then moved to NextEnegy Capital as Vice President where he lead the set-up of the private equity fund ‘NextPower II’ which raised €150 M.

Prateek Vandana

Prateek joined Armstrong Energy’s investment team in September 2018 from Mazars UK, where he was a manager in the financial advisory team focussed on renewable energy in the UK and EMEA market. He has prior M&A advisory and corporate finance experience in India with Yes Bank and Tata Power, where he executed growth-stage capital raise transactions for cleantech companies, and more than 500 MW utility scale renewable energy M&As. Prateek has an MBA from the Indian School of Business, Hyderabad, from where he graduated in 2013.

Rebecca Spours

Rebecca graduated with a degree in Natural Sciences, having specialised in Chemistry, from the University of Cambridge in 2014.

Shortly after, Rebecca joined the Equity Capital Markets team at the global Investment bank, Jefferies International, before transferring across to the Real Estate, Gaming and Lodging Team in order to gain experience across all financial products. Whilst at Jefferies Rebecca worked on IPO’s, bond offerings and M&A deals across the UK, Europe and Asia.

Rebecca remained at Jefferies until September 2016 and then joined Armstrong as an Associate in the Investment team in October 2016.

Jonathan Hick

Jonathan joined Armstrong from KPMG, where he advised authorities and private sector investors on infrastructure and other asset-based investment opportunities. Prior to joining KPMG, Jonathan was an Investment Manager at SAS Capital, where he was responsible for leading investments into a range of renewable energy technologies, including solar and wind, as well as working on residential and commercial property transactions. Jonathan is a chartered accountant, having trained at PwC in its Deal Advisory business, and gained experience in private equity Mergers and Acquisitions across a range of sectors for clients including CVC Capital Partners, Bain Capital and Lion Capital.

Gary Toomey

Gary Toomey is an experienced senior executive having led several businesses in the energy sector. He has extensive experience of design, manufacturing and installation of renewable energy technologies and taking early stage prototypes into full commercial production.

During Gary’s career he has gained international experience in this sector having worked in China, Singapore, UAE and the USA. He has contributed to over 2500 MW of deployed renewable energy projects including wind, biomass and solar technologies. Gary has spent the last 4 years focusing on the UK market and, in particular, on social housing solar projects where he deployed over 8000 domestic systems and 90MW of ground-mounted solar farm development and construction with Freesona.

Matt Black

Matt is responsible for Armstrong’s UK solar and flexible power investments and co-leads the firm’s UK energy development activities. He was previously a Senior Investment Manager at Foresight Group where he led origination and made investments in over £400m of energy projects. Over five years, he was central to building one of Europe’s largest solar portfolios and making investments into some of the first utility scale storage facilities in the UK. He brings significant experience originating, structuring and closing investments, disposals and debt financing, as well as developing market leading asset management teams. Prior to Foresight Group, Matt worked as an independent consultant and spent almost five years at Credit Suisse as a structurer and investment manager. He has an MSc in Energy Policy from Imperial College; an MA in International Relations and BA in Politics from the University of Sheffield.

Petronela Bodnarova

Petronela (Nelka) graduated from the Technical University in Slovakia in 2014 in Finance, Banking and Investment. She is fluent in English, Slovak and Russian. Nelka joined Armstrong in 2018 as Assistant Accountants. Prior to this she worked in the fitness industry for over 3 years managing and supporting overall accounting/finance and administration. Nelka is currently training to become an Associate Chartered Accountant with the ACCA.

Kian Lissenburg

Kian works in our asset management team and is currently streamlining and optimising rooftop performance across the Armstrong solar portfolio. He joined Armstrong in April 2018 from Solar Capital where he had worked since 2011. Whilst at Solcap, Kian managed a large domestic and commercial solar portfolio, focusing on problem solving for underperforming systems. He also worked on multiple energy projects including evaluation and the asset management of micro AD plants.

He has a technical and scientific background, having graduated from the University of York with a BSc in Physics with Astrophysics and an MSc in Nuclear Astrophysics.

Gelion appoints CEO to bring new and revolutionary battery technology to market

Gelion is delighted to announce the appointment of Mr Rob Fitzpatrick to the position of Chief Executive Officer.

“We are extremely pleased to have attracted Mr Rob Fitzpatrick as our new CEO.” Founding Director and Chairman Professor Thomas Maschmeyer said. “Gelion is ready for the next step on its march towards commercialisation and mass production of our revolutionary batteries. The Board and I am confident that Rob will lead us towards success. Rob is a highly credentialed and respected business leader, with deep experience in technology translation and commercialisation.”

Rob Fitzpatrick joined Gelion as CEO on the 26 November 2018, to accelerate its commercialisation, strategic partnerships and product development. His career spans research and advocacy for peak industry bodies in both the Property and Technology sectors in Australia, corporate strategy, as well as sales and marketing at McKinsey & Company in Australia, Europe and Asia, telecommunications at SingTel Optus, technology innovation at shopfast.com.au, commercialisation of early stage research at Data61, foundation investor in technology based start-ups and company director influencing technology adoption in traditional businesses.

“Globally we are at a tipping point for the adoption of renewable energy,” said Mr Fitzpatrick, “Gelion’s unique battery storage solution addresses some fundamental gaps for residential as well as industrial customers. The opportunity to lead Gelion’s world-class and award winning team through commercialisation is potentially transformational for Australia’s energy sector.”

Rob has Economics and Law degrees from the University of Sydney and a Master in Business Administration from The Wharton School at the University of Pennsylvania. Rob is an active family man, avid traveller, ocean swimmer and surfer.

For more information on Gelion visit: www.gelion.com & www.gelion.com/video

Armstrong’s initiative in chemical recycling of waste plastic receives increased media coverage

The Armstrong-backed company ReNew ELP has been featured on BBC Radio 4’s dedicated environmental issues programme, ‘Costing the Earth’. Dr Steve Mahon, co-founder of Armstrong Energy, was recently interviewed about the ReNew ELP’s Cat-HTR technology for a special edition of the programme. The piece investigates some of the newest and most innovative technologies helping to tackle the problem of plastic waste.

For more information on this breakthrough recycling technology of waste and marine plastics please visit ReNew ELP.

Gelion Inventor honoured with prestigious award

The inventor of Gelion Ltd.’s battery and the Renew ELP Ltd.’s waste plastic technology, both advised by Armstrong Energy, is recognised for his outstanding work in technology development.

The Royal Australian Chemical Institute (RACI) has announced it was honoured to award the 2018 R.K. Murphy Medal to Professor Thomas Maschmeyer FAA FTSE FRACI FRSN, Gelion Founding Chairman and inventor of the technology used by Renew ELP. The R.K. Murphy Medal is the most prestigious honour awarded by the Industrial Chemistry Division of the Royal Australian Chemical Institute.

The R.K. Murphy Medal is awarded to Professor Maschmeyer in recognition of his outstanding contribution to the creation, development and commercialisation of many new technologies in the field of industrial chemistry and chemical engineering.

Thomas Maschmeyer is Professor of Chemistry at the University of Sydney and serves as Founding Director of the Laboratory of Advanced Catalysis for Sustainability. He is Honorary Distinguished Professor at the University of Cardiff and Honorary CSIRO Research Fellow. He also served as Founding Director of his University’s new A$150m Australian Institute of Nanoscale Science and Technology (AINST, “Sydney Nano”).

In 2011 he was elected Foreign Member of the Academia Europea, as well as Fellow of the Australian Academy of Science, the Australian Academy of Technological Sciences and Engineering and the Royal Australian Chemical Institute. In 2014 he was elected Fellow of the Royal Society of NSW, Australia’s oldest scientific society.

He is also co-founder of the renewable technology development start-ups Licella Holdings, formerly Ignite Energy Resources (2005), Licella (2007) (the developer of the Renew ELP technology) and Gelion (2015). He is also one of the founding Professors of Avantium (2001), an ESX-listed Dutch High-tech company, now with 180+ employees.

He serves on the editorial/advisory boards of ten international journals and on the external advisory boards of the State Key Laboratory for Catalysis, Dalian Institute of Chemical Physics; the Cardiff Catalysis Institute and was President of the Catalysis Society of Australia (2010 – 2015).

He has received many awards, including the Eureka Prize for Leadership in Innovation and Science (2018), the New South Wales Science and Engineering Award for Renewable Energy Innovation (2013), the RACI Weickhardt Medal for Economic Contributions through Chemistry (2012), the RACI Applied Research Award (2011) and the Le Févre Prize of the Australian Academy of Science for Outstanding Basic Research in Chemistry by a Scientist under 40 (2007).

He has published more than 310 items, including 25 patents.

Click here to read the media release from The Royal Australian Chemical Institute

Global refinery giant collaborates with ReNew ELP, the UK-based recycling pioneer, to turn waste plastic into renewable oils

  • World’s leading renewable oil producer agrees partnership with UK-based recycling pioneer
  • Collaboration between Neste and Renew ELP will use plastic waste as a feedstock for sustainable oil production
  • ReNew ELP’s patented technology chemically recycles end-of-life plastics into chemicals and oils, cutting greenhouse gas emissions by more than 70%

A collaboration between the world’s leading renewable oil producer and a UK-based plastic recycling pioneer is set to revolutionise the way that plastic waste is treated around the globe.

This week Teesside-based ReNew ELP and Finnish refinery giant Neste signed a Memorandum of Understanding that will see both companies work together to capitalise on the value in waste plastic as a raw material feedstock for the production of liquid hydrocarbons, chemicals and new plastics.

In Europe, around 27 million tonnes of post-consumer plastic waste is generated each year. Approximately a third is currently collected for recycling, with the remainder either landfilled, incinerated or dumped, polluting vulnerable ecosystems.

ReNew ELP’s breakthrough process chemically recycles waste plastics into stable synthetic oils and petrochemicals. The company’s patented Catalytic Hydrothermal Reactor (Cat-HTR) technology, developed by Australian company Licella, uses water at high pressure and high temperatures to recycle a wide range of feedstocks, including end-of-life plastics and used tyres.

The use of plastic waste via the Cat-HTR process achieves substantial greenhouse gas reductions when compared to the use of fossil fuel feedstocks. An independently-validated lifecycle analysis has shown greenhouse gas emissions are reduced by more than 70% during the project’s lifetime.

Richard Daley, Managing Director of ReNew ELP, said: “Neste is the world’s largest producer of renewable oils refined from waste and residues, and has set a target to process more than one million tonnes of waste plastic as a raw material in its refineries by 2030.

“We are delighted that Neste has seen the vast potential of our Cat-HTR process. Our game-changing technology provides an innovative solution to the global problem of plastic waste disposal and contributes to the establishment of a circular economy. This partnership will enable both companies to leverage our combined expertise to improve sustainable operations and turn end-of-life plastic waste into valuable resources.

“Neste has a deserved reputation as one of the most sustainable companies in the world*. As a global leader in the production of sustainable, high quality, low carbon products, they are the ideal partner for ReNew ELP as we move towards the start of construction for our first commercial plant towards the end of this year.”

In January 2018, the European Union released its Strategy for Plastics in a Circular Economy, which aims to increase the reuse and recycling of plastics to 55% by 2030.

Daley continued: “ReNew ELP aims to play its part in establishing a genuine circular economy for plastics and petrochemical products in Europe by deploying our patented technology, which has been developed and tested extensively at a pilot plant in Australia over the past decade.

“Using waste plastic as a raw material increases resource efficiency, reduces dependency on crude oil to produce new plastics, and cuts energy use and emissions compared to using fossil fuels as the raw material. By extracting value from this energy intensive waste stream, we can reduce the global problem of disposing of plastics by pioneering the chemical recycling of plastic waste.”

ReNew ELP is building the first commercial scale Cat-HTR plant at the Wilton International Site in Teesside to recycle end-of-life plastics. The plant will initially recycle 20,000 tonnes of end-of-life plastic per annum but ReNew ELP has planning consent for a further three units, with a potential total processing capacity of 80,000 tonnes per annum.

ReNew ELP’s patented Catalytic Hydrothermal Reactor (Cat-HTR) technology was developed by Australian company Licella over the past 10 years and has already been extensively tested at a pilot plant in Australia.

ReNew ELP will shortly launch a top up to its previous Enterprise Investment Scheme to raise funds for the construction of the plant, which is targeted to commence in late 2018 and to be operational by the end of 2019.

ReNew ELP is supported by Armstrong Energy, a specialist sustainable infrastructure asset management company, which owns the licence for the Cat-HTR technology and is leading on the financing of the project.

* 2018 Global 100 Most Sustainable Corporations in the World Index

Notes to editors

Richard Daley, Managing Director of ReNew ELP, is available for interview.

For more information, please contact Quantum Public Relations on 01233 500200 or email:
Charlie Vavasour charlie@quantumpr.co.uk or Michael Taylor michael@quantumpr.co.uk

ReNew ELP

ReNew ELP has invested in a new technology to chemically recycle end-of-life plastics into valuable oils and chemicals. The patented Catalytic Hydrothermal Reactor (Cat-HTR) process provides an innovative solution to the global problem of end-of-life plastic disposal and contributes to the creation of a circular economy.

The company has an ambitious programme of development in the UK. It’s first commercial scale Cat-HTR plant will be built at the Wilton industrial Site in Teesside, and ReNew ELP is looking at other potential sites around the UK, and also offering to license the technology to waste producers and waste processing companies.

For more information about ReNew ELP visit www.renewelp.co.uk

Armstrong Energy

Armstrong is a global asset manager specialising in industrial development and financing of sustainable infrastructure such as power generation, resource management and real estate assets. Armstrong’s focus is on investments that enables society to meet its fundamental needs of shelter, food, water, and power generation in a cleaner and less resource intensive manner. This philosophy is in line with long-term intergovernmental policies, such as the UN and Indian Sustainable Development Goals and the Chinese Belt and Road Initiative. In the UK Armstrong provides specialist investment products to the private client investors. Read more:  www.armstrongenergy.co.uk

 

 

Tasmin Arthurton

Tasmin joined Armstrong Energy in March 2018 as Executive Assistant to Alan Yazdabadi and Andrew Newman.

Prior to joining, Tasmin held the position of Personal Assistant & Board Support at South Essex Homes Ltd. for just over 3 years. During her time in this role she assisted the Executive Management Team, provided support to their Board of Directors and Company Secretary, and also undertook office managerial duties.

Tasmin is keen to deepen her knowledge about renewable energy through her work at Armstrong Energy and looks forward to a future with greater reliance on renewable forms of energy rather than fossil fuels.

Michael Hughes

Michael Hughes joined Armstrong as a Director and Head of Investments in February 2018. Prior to this Michael was a Partner at Downing LLP where he focused on investments in the energy, leisure and lending sectors and was an integral part of the team responsible for growing funds under management at Downing from £200 million to £1 billion.

Initially specialising in leisure and real estate investments, Michael went on to lead Downing into the renewable energy sector in 2010, with initial investments with Future Biogas and Low Carbon Investors (UK) Limited. Michael originated and led more than £250 million of clean tech investments whilst at Downing, including £75 million with Future Biogas and over £100 million into UK and Indian solar projects with Armstrong Energy.

Prior to joining Downing in 2009, Michael was a Divisional Director at Close Investments (part of Close Brother Group plc), where he initially focused on the management of leisure and media Enterprise Investment Scheme (EIS) funds and film funds before focusing on the structuring and management of UK and pan-European real estate funds.

Michael holds a degree in Geography and is a qualified FCCA (2000).

Armstrong successfully raises just under £2m into EIS projects

We are pleased to announce that Armstrong has successfully raised £1.5m into Pharmol (Holdings) Limited, significantly beating the target of £1m in a very short marketing period. These funds will allow Pharmol to purchase land in India and progress with the permitting work required to develop a proposed ethanol plant.

We have also raised a further £350k into St James’ Construction Limited to bring the total EIS fundraising up to £4.8m.

Conditional planning permission granted to UNA St Ives for ambitious new development plan

Armstrong Energy is pleased to announce that UNA St Ives has been granted conditional planning permission for its ambitious new development plan. This will help cement UNA as the flagship destination in Cornwall, providing luxury accommodation in one of the U.K.’s main tourist destinations.

When UNA St Ives was acquired in 2016, it had planning permission in place for c.120 villas and adjoining leisure assets. However, UNA’s new management team believed that this development plan did not fully utilise the site, and decided that it was in the best interests of UNA and the local economy to re-design the site and apply for updated planning permission.

During 2017, the management team worked hard towards a positive outcome, engaging with Dyer Architects and the local community to ensure that they had the ability to raise any concerns they had about the development. The re-evaluation proved positive and on 8th February 2018 a major milestone was reached with the conditional planning permission for the updated plans being granted. This permission allows the construction of a 42-unit apartment-hotel, up to 92 holiday villas in addition to the 29 villas already constructed, and enhanced ancillary leisure facilities.

The management team are extremely pleased with the outcome and believe the new development will not only create a highly successful luxury leisure company, but will also provide more services for the local community and added benefits to the local economy.

Michael Hughes joins the Armstrong team as Director and Head of Investments

Armstrong are pleased to welcome Michael Hughes to the team as Director and Head of Investments. Michael joins us from Downing LLP where he was instrumental in growing funds under management from £200 million to £1 billion.

Initially specialising in leisure and real estate investments, Michael went on to lead Downing into the renewable energy sector in 2010, with initial investments with Future Biogas and Low Carbon Investors (UK) Limited. Michael originated and led more than £250 million of clean tech investments whilst at Downing, including £75 million with Future Biogas and over £100 million into UK and Indian solar projects with Armstrong Energy.

Aromatical successful in application for processing plant planning permission

Aromatical Chemicals Limited reached a major milestone on 12th January 2018. The Company received the approval of the planning permission submitted to the Redcar and Cleveland Borough Council for the Aromatical plant at the Wilton International Industrial Complex. The planning application covered the operation of four separate CAT-HTR process lines (all on the Aromatical Site in Wilton), with the ability to process c.80,000 tonnes of waste plastics per annum.

Aromatical is now tendering for construction partners and will be developing its feedstock procurement and off-take contracts prior to construction, which is expected to begin later in 2018.

Land acquired in Middlesborough for Tourian’s end-of-life plastics recycling plant

Iodic Holdings limited, a company advised and asset managed by Armstrong Energy, is pleased to announce it has secured 4 acres of land at the Wilton International Site in Middlesbrough. The land has been secured under option, subject to planning permission, for Tourian Renewables Limited, another Armstrong company, to build a plant that will process 20,000 tonnes per year of end of life plastics. A full planning application will be submitted this month.

Iconic Knoll House Hotel acquired by Kingfisher Resorts Studland Limited (“Kingfisher”), an Armstrong Energy portfolio company

Kingfisher is a UK focused tourism and leisure company, and is a joint venture between the Armstrong Energy Team and the founding members of Kingfisher, who have a long track record in both UK and European luxury hotels and resorts. The teams have previously worked together on the UNA St Ives project and hope that Kingfisher Studland will further cement the strong relationship between the two teams and pave the way for future leisure deals.

The Knoll House Hotel is not just an operational asset but offers a rare redevelopment opportunity in an outstanding location. Nestled within an area of Outstanding Natural Beauty and surrounded by National Trust owned land, this unique location on the Dorset coastline is across the bay from Poole Harbour and Sandbanks, which has some of the most valuable real estate in the UK.

Subject to planning permission, management is seeking to redevelop the entire site into a luxury 30 key 5* hotel and apartment complex comprising around 60, 2-4 bedroomed apartments. Planning permission is to be sought in conjunction with the National Trust and it is the hope that the redevelopment will not only provide necessary rejuvenation of the hotel, but also local jobs and an increase in accommodation which will benefit the local economy.

Allen Vega

Prior to joining Armstrong, Allen spent six years as a management accountant/financial analyst within the recruitment sector where he developed his finance business partnering skills across a portfolio of small and medium enterprises. He worked closely with management and specific business units, providing strategic financial input through forecasting, budget setting, performance /operational analysis, and financial reporting.

Allen graduated from Bournemouth University with a degree in Accounting and Business. He is currently working towards completing his CIMA professional qualification.

ARMSTRONG’S SUSTAINABLE AGRICULTURE BOND EXCEEDS ITS SOCIAL IMPACT TARGETS

Armstrong have piloted a programme to invest its social bond to improve the agricultural yields and incomes for farmers in India. Our ambition has been to increase the yield of farmers by 50% through the installation of solar-powered drip irrigation systems and improved agronomy.

We are delighted to say that we have beaten that target significantly. In the first phase of the roll-out of over 100 systems we have improved farmers yields from an average of 27 tonnes per acre to 50 tonnes per acre. This represents an increase in the gross income of the farmers of 85%.

When considered on a net income basis the impact is even greater:
– By changing farming techniques and persuading the farmers to increase the gap between the rows of sugar cane, we are actually reducing the cost of their seed by circa 38%.
– by providing support in how to use fertilisers, we have reduced the fertiliser cost by 50%

Our analysis shows that, on a net basis, these farmers have earned circa Rs 71,375 (£830) per acre, compared with Rs 16,750 (£195) per acre that they were previously earning. This represents an increase in their net incomes of 326%. Given that these increases in yield are being driven by improved farming techniques rather than through increased use of fertilisers, we believe that these benefits can be delivered over the long-term, rather than just once.

In summary, our tests indicate that our social programme is delivering, and exceeding the objectives that we set out for it and we look forward to expanding this path-finding project to deliver social and economic change to some of the poorest farmers in the world.

Armstrong Energy announces joint venture to recycle waste plastics

Armstrong Energy is pleased to announce that its subsidiary, Armstrong Chemicals Limited, has formed a Joint Venture with Licella for the exclusive global rights to deploy their patented technology to convert waste plastics into higher value fuels and chemicals. The venture marks a year of extensive and successful of testing on Licella’s large scale pilot plant based in NSW, Australia.

Dr Steve Mahon, CEO of Armstrong Energy commented, “This marks another strategic venture for us to offer our investors access to proprietary dealflow in a highly attractive market.”

Plastics are produced from a highly refined product with 6% of global oil and gas production used annually in the production of plastics, but of the 311 million tonnes of plastics produced per year only 5% is recycled. 95% is lost after a short first use, equating to lost value of US$80-100 billion per year. In the UK, over 2.5 million tonnes of plastics goes to landfill every year. We know that sorting plastics to enable them to be recycled is both challenging and expensive. End of life Plastic includes all the remnants of various mixed plastics and paper and labelling that is left post-recovery of the recyclable components. This mixed material, which is a costly waste to dispose of, can be processed into high value fuels and chemicals using our unique technology that has been developed by Licella over 10 years and with over $50 million spent on development. Steve added “We are excited to now work with our licensees to divert this waste from landfill and deliver superior investor returns.”

Tourian Renewables secures the rights to build a commercial waste upgrading plant

Tourian Renewables Limited, a company advised by Armstrong Energy, is pleased to announce it has secured the rights to build its commercial waste upgrading plant having signed a sub-license from Armstrong Chemicals Limited. The Tourian plant is scheduled to be operational in 2018 and will be located on the Wilton International site in the North East of England. It will be capable of upgrading up to 20,000 tonnes of End of Life Plastic to a high value middle distillate fuel.

Gary Toomey, Managing Director of Tourian, commented, “The signing of the sub-license is a significant milestone for Tourian and now solidifies its investment into Teesside.” He added, “In developing this Cat-HTR facility we will be reducing plastic waste currently being sent to landfill while creating over 30 new jobs in the region.”

Tourian Renewables to work with world leading engineering company GHD

Tourian Renewables Limited, a Company advised by Armstrong Energy, is pleased to announce it has retained the professional engineering services of GHD to conduct Front End Engineering Design for the 20,000t Cat-HTR plant to be located at the Wilton International site in the North East of England.

Andrew Buchanan, Project Director of Tourian, commented, “We are delighted to retain the services of GHD who are a world leading engineering company, and, with the support of their engineering team, we hope to accelerate our current timeline for commercial operation.” Gary Toomey, Managing Director of Tourian added “The appointment of GHD Newcastle further demonstrates our commitment to the region as we utilise the very best regionally-available, world class professional services.”

Armstrong Energy opens North East office

Armstrong has expanded its operational base by opening an office in Newcastle-upon-Tyne. Steve Mahon, CEO of Armstrong Energy, said, “We see a strong growth opportunity in industrial and chemical process industries to continue to provide our investors with robust yielding infrastructure assets. We have grown a strong team of engineering and operational management in Newcastle to support the sourcing, construction and operations of our investments in the north of England.”

8.5MWP Wellingborough Solar Farm sold to NextEnergy Solar Fund

The shareholders of Wellingborough Solar Limited, as advised by Armstrong Energy, have signed a share purchase agreement to sell the 8.5MWp Wellingborough solar farm to NextEnergy Solar Fund Limited (“NESF”).

Located in Northamptonshire, the ground-mounted plant was connected to the grid in March 2014 where it gained accreditation under the 1.6 ROC regime.

The £10.9 million sale marks the second collaboration between Armstrong and NESF, following on from NESF’s acquisition of the Ellough solar plant last year.

Commenting on the sale, Steve Mahon, a co-founder of Armstrong Energy, said, “with such a strong secondary market and so many buyers vying for high quality solar assets, it is pleasing to once again work with NESF, a strong and familiar partner.”

LINCOLNSHIRE SOCIAL HOUSING

The rooftop portfolio uses PV modules from various suppliers for a total peak capacity of 690kW spread over 220 installations.

The bulk of the installations in the portfolio have been operational since March 2012. Lark Energy was the EPC contractor. The installations have 25-year leases and benefit from the UK Feed-in-Tariff scheme which gives inflation adjusted revenue for power generated for an equivalent period.

As well as the Feed-in-Tariff, revenues are also derived from exporting part of the power generated to the national grid.

Asset management is provided by Armstrong Energy and operations and maintenance management services are provided by Lark Energy

COLCHESTER SOCIAL HOUSING

The rooftop portfolio uses Schuco International PV modules for a total peak capacity of 1,810kW spread over 567 installations on the roofs of social housing.

The installations in the portfolio became operational in 2011. Breyer was the EPC contractor. The installations have 25-year leases and benefit from the UK Feed-in-Tariff scheme which gives inflation adjusted revenue for power generated for an equivalent period.

As well as the Feed-in-Tariff, revenues are also derived from exporting part of the power generated to the national grid.

Asset management is provided by Armstrong Energy and operations and maintenance management services are provided by Stern Energy.

Briddlesford Lodge Farm

The solar park uses Chint Astronergy PV modules for a total peak capacity of 0.63MW connected to the local 11kV distribution network.

The plant has been operational since March 2014. Ethical Power was the EPC contractor. The project has a 25-year site lease and planning permission in place for an equivalent period.

Revenues are derived from a mixture of ROCs (at 1.6 ROCs per MWh), LECs and power sales, with a PPA currently in place with a major utility.

Asset management is provided by Armstrong Energy and operations and maintenance management services is provided by Stern Energy.

Fen Road

The solar park uses Tata Power Solar PV modules for a total peak capacity of 1.44 MW connected to the local 11kV distribution network.

The plant has been operational since July 2014. Lark Energy was the EPC contractor. The project has a 25-year site lease and planning permission in place for an equivalent period.

Revenues are derived from a mixture of ROCs (at 1.4 ROCs per MWh), LECs and power sales, with a PPA currently in place with a major utility.

Asset management is provided by Armstrong Energy and operations and maintenance management services is provided by Stern Energy.

Wellingborough

The solar farm at Wellingborough uses LDK PV modules for a total peak capacity of 8.5 MW connected to the local 33kV distribution network.

The plant has been operational since March 2014. Lark Energy was the EPC contractor. The project has a 25-year site lease and planning permission in place for an equivalent period and is now owned by an institutional investor following a sale of the plant in May 2015. Operations and maintenance management services continue to be provided by Lark Energy.

 

 

Pond Farm

The solar park uses Solar Park PV modules for a total peak capacity of 3.6MW connected to the local 11kV distribution network.

The plant has been operational since July 2014. Lark Energy was the EPC contractor. The project has a 25-year site lease and planning permission in place for an equivalent period.

Revenues are derived from a mixture of ROCs (at 1.4 ROCs per MWh), LECs and power sales, with a PPA currently in place with a major utility.

Asset management is provided by Armstrong Energy and operations and maintenance management services is provided by Lark Energy.

Ellough

Constructed on land at the disused Ellough Airfield, East Suffolk, the solar park uses Q-Cells PV modules for a total peak capacity of 14.9MW connected to the local 33kV distribution network.

The plant has been operational since March 2014. Lark Energy was the EPC contractor. The project has a 25-year site lease and planning permission in place for an equivalent period and is now owned by an institutional investor following a sale of the plant in July 2014. Operations and maintenance management services continue to be provided by Lark Energy.

Hartwell

Commissioned in March 2015, the solar plant exports power to the local 33kV distribution network and is constructed using Q-Cells PV modules for a peak capacity of 18.6 MW.

Lark Energy is the EPC contractor. The project has a 25-year site lease and planning permission is in place for an equivalent period.

Revenues are derived from a mixture of ROCs (expected at 1.4 ROCs per MWh), LECs and power sales.

The site has been sold to a major international infrastructure investor and is no longer managed by Armstrong.

Langley Hall

The solar park uses Solar Park PV modules for a total peak capacity of 2.4MW connected to the local 11kV distribution network.

The plant has been operational since March 2014. Lark Energy was the EPC contractor. The project has a 25-year site lease and planning permission in place for an equivalent period.

Revenues are derived from a mixture of ROCs (at 1.6 ROCs per MWh), LECs and power sales, with a PPA currently in place with a major utility.

Asset management is provided by Armstrong Energy and operations and maintenance management services is provided by Lark Energy.

Grange Farm, Wroxton

The solar park uses Solar Park PV modules for a total peak capacity of 1.8MW connected to the local 11kV distribution network.

The plant has been operational since March 2014. Lark Energy was the EPC contractor. The project has a 25-year site lease and planning permission in place for an equivalent period.

Revenues are derived from a mixture of ROCs (at 1.6 ROCs per MWh), LECs and power sales, with a PPA currently in place with a major utility.

Asset management is provided by Armstrong Energy and operations and maintenance management services is provided by Stern Energy.

Limes Farm

The solar park uses Canadian Solar PV modules for a total peak capacity of 6MW connected to the local 11kV distribution network.

The plant has been operational since March 2013. Lark Energy was the EPC contractor. The project has a 25-year site lease and planning permission in place for an equivalent period.

Revenues are derived from a mixture of ROCs (at 2 ROCs per MWh), LECs and power sales, with a PPA currently in place with a major utility.

Asset management is provided by Armstrong Energy and operations and maintenance management services is provided by Lark Energy.

Ketton Cement Works

The solar park uses LDK PV modules for a total peak capacity of 12 MW connected to the local 11kV distribution networks.

The plant has been operational since March 2014. Lark Energy was the EPC contractor. The project has a 25-year site lease and planning permission in place for an equivalent period.

Revenues are derived from a mixture of ROCs (at 1.6 ROCs per MWh), LECs and power sales. The plant has an innovative PPA structure that includes supplying power to the host.

Asset management is provided by Armstrong Energy and operations and maintenance management services is provided by Lark Energy.

Burton Pedwardine

The solar park uses LDK PV modules for a total peak capacity of 13 MW connected to the local 33kV distribution network.

The plant has been operational since March 2014. Lark Energy was the EPC contractor. The project has a 25-year site lease and planning permission in place for an equivalent period.

Revenues are derived from a mixture of ROCs (at 1.6 ROCs per MWh), LECs and power sales, with a PPA currently in place with a major utility.

Ketton solar farm named best solar farm of 2014

The 9 MWp solar at Hanson’s Ketton cement works in Rutland was named best ground mounted solar farm of the year in the less than 10 MWp category at last night’s Solar Power Portal awards. The project was jointly developed by Armstrong Energy and Lark Energy.

 

Announcing the award, Solar Power Portal noted that this year’s judges were impressed by the project’s pioneering approach to managing the grid connection. The power from the solar farm connects into Hanson’s private 11kv network which is itself connected to Western Power Distribution’s 33kv network. Lark Energy, the installer of the solar farm, has designed the solar farm to enable active and reactive power management and to protect the grid from reverse current. This has a number of advantages, including minimising the need for costly 33kv upgrade work, reducing the energy costs for Hanson and enabling the inverters to be used as capacitor batteries at night. The project will generate enough energy to cover around 10% of the Cement work’s annual consumption.

“It has been very rewarding for the Hanson Renewable Energy Team to see the first of their projects come to fruition with the switch on of the Hanson Cement Solar Farm at Ketton” said Mark Cox of Hanson Cement. “This is the first of what is hoped are many such projects the company will be involved in over the coming years as we strive to reduce our CO2 emissions and energy costs.”

Jonathan Selwyn, Managing Director of Lark Energy commented “We are delighted to have worked with Hanson Cement and Armstrong Energy to develop this innovative solar project. Large scale solar is perfectly suited to projects such as this on previously used industrial land and where all the energy can be utilised directly by nearby businesses. We look forward to working on some further projects like this in the coming months.”

Steve Mahon, Director of Armstrong Energy added: “Armstrong Energy prides itself on being creative in structuring a deal to ensure all sides benefit. This project with Hanson and Lark Energy is an exemplar of this approach and includes an innovative power sales agreement that builds a sustainable market advantage for the host. We believe this approach can be used with large energy users both in the UK and overseas and we look forward to a long and successful partnership with both Hanson and Lark Energy.”

13 MWp solar farm in Lincolnshire under construction

UK Solar (Fiskerton) LLP today agreed terms with Lark Energy Limited (“Lark”) for the construction of a 13 MWp solar farm at Fiskerton airfield in Lincolnshire. The solar farm is expected to be operational before 31 March 2015. The site will be built by Lark, and will use solar panels manufactured in Germany by Q-Cells.

UK Solar (Fiskerton) LLP was advised on the transaction by Armstrong Energy.

Andrew Newman, a Director of Armstrong Energy, commented “We are building this project in phases, and by the time it is completed it will be one of the largest solar farms in the UK. It is an excellent site for a solar farm, making good use of the infrastructure that already exists on the airfield.”

Louise Meddings

Louise joined Armstrong Energy as PA and Office Manager and is now also responsible for  marketing.  Prior to this Louise worked at Muse Developments Ltd., an urban regeneration and mixed use development company, as Office Manager and PA to the Joint Managing Director as well as the Legal & Commercial Director.

Louise has a BA degree in Classical Civilisation from Nottingham University. Louise is keen to learn more about the renewable energies sector and has a particular interest in how it can benefit the wider community.

Alan Yazdabadi

Alan Yazdabadi was a co-founder of Armstrong Energy. He had previously worked for Low Carbon Investors (UK) Limited (“LCIUK”) as group financial controller.

Alan began his career at KPMG where he spent five years, initially focusing on smaller more entrepreneurial organisations where he qualified as a chartered accountant. Alan then worked in KPMG’s Global Infrastructure and Projects Group which focused on the structuring, financing and procurement of large infrastructure projects. Between leaving KPMG and founding a LED lighting business, Alan spent two years as a corporate finance analyst focused on venture capital and hedge fund related investments.

Alan joined LCIUK in 2010 where he played a key role in advising Downing on more than £45m in feed-in-tariff projects in solar and wind assets.

Alan has a first class degree in Economics and Politics and is a Chartered Accountant.

Robin Chamberlayne

Robin Chamberlayne is a chartered financial planner and has over 25 years’ experience in the financial services industry. He formed Progressive Strategic Solutions in 1997, which was one of the first chartered firms in the UK. Progressive provides holistic financial advice and tax planning strategies to high net worth individuals and businesses. Robin has been actively involved in renewable energy for a number of years; his family’s farm operates both commercial biomass and solar installations. Since 2009 Robin has held board positions with Downing and ProVen Venture Capital Trusts covering both the generalist and renewable energy sectors.

Andrew newman

Andrew Newman was a co-founder of Armstrong Energy. He had previously worked for Low Carbon Investors (UK) Limited (LCIUK) as group finance director. Whilst at LCIUK he managed the design and launch of the UK’s first dedicated feed-in-tariff fund, the Downing Low Carbon EIS, with Downing LLP.

Andrew joined Low Carbon Investors (UK) Limited from Deloitte Corporate Finance in 2006, where he had worked in the Project Finance Advisory team, focusing on energy and transport infrastructure projects in the UK and Europe.

Prior to joining Deloitte in 2003, Andrew worked for Triodos Bank in the Netherlands. While at Triodos, Andrew worked as Senior Investment Officer for Asia for the Solar Development Group, one of the funds co-managed by Triodos. The Solar Development Group was an initiative of the World Bank and was set up to accelerate rural electrification in developing countries.

Prior to joining Triodos Bank, Andrew worked for Deloitte & Touche, initially in its London audit department, where he qualified as an ACA, and subsequently in its Central European Corporate Finance team, based in Prague. While in Prague, Andrew focused on advisory and due diligence projects, and worked on several of the largest inward investment projects in the region.

Andrew has a first class degree from Oxford University.

Dr Steve Mahon

Dr Steve Mahon is CEO of Armstrong and also a co-founder. He has had a successful career in commercialising low carbon technologies with over 15 years in the sector and a track record in selecting and managing high growth low carbon companies, both in the private and public markets. He combines a detailed understanding across a wide range of clean technologies with the first hand experience of growing early stage businesses and delivering shareholder returns having been involved in the investment or management of over 25 businesses.

Prior to establishing Armstrong, Steve co-founded Low Carbon Investors Limited (LCI), a Guernsey based fund management company which advised Low Carbon Accelerator Limited, the AIM listed early-stage technology fund. Through its wholly owned subsidiary, Low Carbon Investors (UK) Limited (LCIUK) established with Downing LLP (Downing), the UK’s first dedicated feed-in-tariff fund, the Downing Low Carbon EIS and went on to advise Downing on the investment of more than £45m in feed-in-tariff projects in solar and wind assets.

Before establishing LCI, Steve had been a main Board member of Pursuit Dynamics plc, during which time it was the top performing small cap engineering stock on AIM; and of Sentec Ltd, the smart grid technology specialist, that became one of the fastest growing technology companies in Europe. Steve started his career in Qinetiq and managed a business unit commercialising advanced materials. He has a first class degree and PhD in Geophysics and Planetary Physics.

We have moved!

Armstrong Energy today moved from its Fitzrovia home of the last seven years to new offices in Shoreditch.

Steve Mahon, the co-founder of Armstrong said, “This is an exciting day for us. It takes the company to its next level, and will enable us to continue the rapid growth that we have enjoyed over the last 18 months. We look forward to being in Shoreditch for many years to come.”

All future correspondence for the company should be sent to:

3rd Floor
141-145 Curtain Road
London
EC2A 3BX

Armstrong Energy Global connects its first solar power plant in India

Armstrong Energy Global Limited today connected its first solar power plant at Rajahmundry, in Andhra Pradesh. The site has a capacity of 1MWp, and was built using Canadian Solar panels on a tracking system. The electricity generated is being sold to an industrial customer under a long-term power purchase agreement.

The Company will shortly start to expand the power plant to 5MWp, and has already purchased the land for this extension.

Ramnath Nandakumar, the Managing Director of Armstrong Energy Global said, “This is a milestone day for the company. It has taken two years to get here, but we have delivered on the project exactly as we said that we would. And this is just the first step for the Company, as we try and meet our target of installing 1GWp of solar pv in India by 2020.”

Further information on the project and Armstrong Energy Global Limited can be obtained by contacting Ramnath@armstrongenergyglobal.com

Construction starts of 18 MWp solar park in Northamptonshire

UK Solar (Hartwell) LLP today purchased the rights for an 18 MWp solar farm at Hartwell in Northamptonshire from Lark Energy.

The solar farm will be built by Lark Energy, one of the UK’s leading developers, and contractors in the UK solar market, and will use panels manufactured by Q-Cells. It is expected that the plant will be fully operational by the end of 2014.

UK Solar (Hartwell) LLP is advised by Armstrong Energy.

Planning permission received for 22 MWp solar farm in Oxfordshire

South Oxfordshire District Council today approved a 22 MWp solar farm at Chalgrove being co-developed by Armstrong Energy.

Steve Mahon, a co-founder of Armstrong Energy said, “This is an exciting project. This will be our largest solar farm yet. There is a lot of work to do over the next few weeks, but we are confident that the farm can be built before 31 March 2015.”

15 MWp solar farm in Suffolk sold to NextEnergy

Ellough Solar LLP has sold the solar farm at Ellough, near Beccles in Suffolk, to NextEnergy Solar Fund Limited (“NESF”).

Ellough Solar LLP was advised by Armstrong Energy.

Ellough Solar LLP purchased the rights to build the solar farm at Ellough in February 2014, and completed the construction of the solar farm before the change in the ROC banding on 31 March 2014.

Andrew Newman, a co-founder of Armstrong Energy, commenting on the sale said, “This sale is further evidence of the strength and maturity of the UK solar market, with a strong secondary market for high quality assets once they have been built. Investors can continue to make strong returns in the UK solar market.”

1.4 MWp solar farm connected in Lincolnshire

Solar Growth Investments Limited today announced that it had completed the connection of its 1.4 MWp solar farm in Lincolnshire. This means that the company has now fully invested its equity capital.

The solar farm was constructed by Lark Energy.

Armstrong Energy provides advisory services to Solar Growth Investments.

Armstrong Energy further strengthens its investment team

Armstrong Energy today announced that Paul Pountney had joined its investment team. Paul is an experienced investor in renewable energy projects, having previously worked with Sindicatum in Singapore.

Steve Mahon, a co-founder of Armstrong Energy said, “We are delighted that Paul has decided to join us. His experience of closing renewable energy projects in difficult emerging markets will be invaluable as we look to grow our business internationally in the years to come. We hope that Paul will be a critical part of that story.”

Paul said, “I am delighted to be joining Armstrong Energy. The business is growing rapidly, and it will be exciting to be part of the team.”