Investing in ocean energy technologies. Investing in ocean energy projects. It is common to hear from VC’s at ocean energy conferences explaining the barriers to investing in this sector. During this session you will hear from those who are investing in ocean energy. Why do they invest; how do they assess risk; what is their future investment strategy?
Andrew Smith, who heads up the Scottish Government’s £100m Renewable Energy Investment Fund (REIF) will then facilitate lively Q&A between the investors and delegates attending this session.
Chair: Andrew Smith, Head of the Renewable Energy Investment Fund, Scottish Investment Bank, Scottish Enterprise
Biography: I joined the Scottish Investment Bank, Scottish Enterprise in June 2013 when I was appointed Head of the Renewable Energy Investment Fund prior to that I was a private sector lawyer for 30 years having been appointed Renewables Partner at Young and Partners, in July 2011 and during that tenure being appointed Head of the Energy Practice Group of the Alliuris International network. With SIB I have been involved in closing some of the key deals in the Marine and Community sectors. I am Secretary to the David Livingston Centre in Blantyre and closely involved with efforts to secure its long term future.
Panellist: Ronnie Quinn, General Manager for the Scotland Portfolio, The Crown Estate
Biography: Ronnie Quinn is General Manager for The Crown Estate’s Scotland Portfolio and leads the business in Scotland under the authority of the Scottish Management Board. Ronnie is also the Head of our Energy and Infrastructure Portfolio for Scotland. Prior to joining The Crown Estate he was a consultant advising on electricity market restructurings, price controls and transmission policies. Previously, he has had roles as Managing Director of Scottish Electricity Settlements Ltd and (non-executive) Director of the MRA Service Company. Ronnie is a graduate of Strathclyde University (LLB).
Panellist: Adam Norris, Founder and Chairman, Wavepower Ltd
Biography: Adam is a co-founder and actively involved private investor of Wavepower. He is a formally trained engineer and successful entrepreneur having founded Pensions Direct at the age of 26. Receiving investment from Hargreaves Lansdown, Adam grew his business before it was merged into the main group. Continued success brought him promotion to the main board prior to the company’s IPO in 2007. Adam is passionate about engineering and renewable energy. He founded Wavepower after recognising the huge potential of the wave energy sector. He has used his broad business experience to build a team capable of taking on the challenge.
Panellist: Dr. Martin Edlund, Chief Executive Officer, Minesto
Panellist: Tim Cornelius, Chief Executive Officer, Atlantis Resources Ltd & Chairman of the MeyGen Project
Biography: Tim Cornelius is the CEO of Atlantis Resources Limited and Chairman of MeyGen, Europe’s largest tidal energy development project. He is on the board of Ocean Energy Europe and was recently recognised as the most influential professional in the tidal sector by his peers at the 2015 International Tidal Energy Summit. As the CEO of Atlantis, Tim is credited with growing Atlantis into one of the world’s leading tidal power developers with a global pipeline of more than 1GW of projects under development. In February 2014, Atlantis became the world’s first public-listed tidal power company on the London Stock Exchange (AIM). Six months later, Atlantis announced a further funding package for the Atlantis-owned MeyGen project, in excess of £50 million. Construction has commenced on the 398MW MeyGen project with first power expected to be delivered in 2016. His previous roles have included underwater research, sub-sea engineering in the oil and gas sector, market origination and technology development in the marine power sector as well as business development and corporate accountability through various director and executive roles globally. Tim also lectures in emissions & weather trading various universities across Asia.
– See more at: http://www.renewableuk.com/en/events/conferences-and-exhibitions/icoe-2016/programme/day-1.cfm#a3