Flexible energy firm Flexitricity appoints Andy Lowe as CEO
Flexitricity, a UK provider of flexible energy solutions, recently announced that it has appointed Andy Lowe as Chief Executive Officer. Flexitricity is a portfolio company of Quinbrook Infrastructure Partners.
Andy joined Flexitricity in 2018 where he assumed responsibility for commercial strategy, business development and portfolio growth. Andy’s appointment as CEO is timed to drive a new era of growth for Flexitricity as the UK energy transition gathers pace.
Flexitricity now has over 750 MW of flexible capacity under contract – aggregated to form what is referred to as a virtual power plant, helping National Grid mitigate and address the increasing risk and volatility being experienced in the UK energy market.
The company has been an innovator in the flexible energy sector since starting live operations in 2008, and its virtual power plant includes flexibility from combined heat and power, flexible industrial and domestic load, backup generation, peaking assets and battery energy storage systems. Flexitricity services a range of customers, from FTSE 100 companies to SMEs.
Andy Lowe said: “It has been hugely rewarding to have been a part of Flexitricity’s growth over the last four years and I am delighted to now have the opportunity to lead our talented team to drive the businesses forward and capture the many exciting opportunities offered by the UK energy transition.
“We believe that flexibility in the power and broader energy markets is essential on our way to achieving Net Zero, and Flexitricity is already well-established in customer demand response, battery storage optimisation and other flexibility solutions. Our capabilities and asset portfolio are both poised to grow strongly over the coming years; we are now seeing huge momentum to our Net Zero ambitions, and the progress realistically needed by 2030.”
Alastair Martin, Founder and Chief Strategy Officer at Flexitricity, said: “I’m delighted that Andy has taken the reins at what appears to be the cusp of another major energy market transformation, as flexible electricity users become a truly indispensable contributor to delivering both economic and secure energy supplies, and as domestic customers embrace renewable power at scale.”
Flexitricity is a wholly-owned portfolio company of Quinbrook Infrastructure Partners, a specialist investment manager focused exclusively on lower carbon and renewable energy infrastructure investment and operational asset management in the US, UK and Australia.
Rory Quinlan, co-founder and Managing Partner at Quinbrook, said: “It gives us great pleasure to announce Andy Lowe as the new CEO of Flexitricity. Andy will also take leadership of our UK generation investments portfolio, which provides critical grid support services to National Grid through a range of reserve peaking plants, as well as fugitive methane recovery sites across the UK which result in significant emissions reductions.
“Andy has been a prominent and leading figure in the growth and development of Flexitricity, bringing a deep level of insight and understanding of the flexible energy market.
“As the UK continues on the path to Net Zero, Andy’s experience will be invaluable in ensuring that Flexitricity remains at the forefront of innovation in the flexible energy space.”