Scottish energy storage start-up targets £300m and 200 new jobs

An Aberdeen-based green energy start-up has the ambitious aim of raising £300 million and creating 200 jobs over the next five years.

Philip Patterson, right, and Harry Patterson of Carbon Neutral Energy.
Philip Patterson, right, and Harry Patterson of Carbon Neutral Energy.

Carbon Neutral Energy (CNE) was formed in early 2020 by energy industry veteran Mark Patterson and his two sons, Harry and Philip. It has invested heavily in “game-changing” technology to meet the challenge of storing and using electricity produced from renewable sources.

The fledgling firm is now preparing for a major fund-raising exercise as it looks to build a business capable of creating and supporting hundreds of green energy jobs.

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Mark Patterson, chairman and interim chief executive, said: “Green power has advanced but the challenge in storing that power leads to significant waste. The drive towards electrification, coupled with the rising need for energy storage, means there is a massive, global demand for our systems.

“Capacity has been lacking for years leading to in excess of £100m of taxpayers’ money being spent every year on paying windfarms to stop producing. This could be diverted into storage and delivering the power when we need it.

“This can significantly enhance grid capacity and fast-track green power distribution across the UK. Being able to deliver green power to remote sites, for example, is a game-changer for connectivity in relation to electric vehicles. The applications for sizeable electric storage systems are immense and the need is right now.”

Harry Patterson, chief operating officer of CNE, added: “With the global drive to electrification we need to up our game when it comes to power storage. If we are to achieve net-zero ambitions, government will need to change strategy and invest significantly in battery storage.

“We believe we have developed a simple solution to a significant challenge, at precisely the right time, with a unique commercial offering that will allow rapid adoption across several sectors.

“Our product can quickly and effectively help the transition to electrification by supplying clean, portable power while providing large-scale storage for that power.”

Using a range of mobile, modular energy storage systems with large capacity battery storage, the company aims to increase green electrification and reduce carbon emissions, accelerating the UK’s net-zero ambitions.

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