Energy storage firm targets business growth

Energy pioneer Juliet Davenport OBE has joined energy storage business Gravitricity as an advisor to the board to support the company’s next phase of growth.

Gravitricity specialises in gravity energy storage and this summer successfully commissioned and tested its grid-connected 250kW demonstrator in Edinburgh. The Edinburgh-based company is now advancing its plans for a full-scale energy storage project at a recently closed coal mine in mainland Europe as it starts to build a pipeline of projects worldwide.  

Davenport founded the UK’s first 100 percent renewable electricity supplier Good Energy in 2000 and led its successful IPO in 2012. She has spent more than 20 years not just advocating for solutions to climate change, but actively creating them. Juliet remains on Good Energy’s board and is also on the board of UK Research & Innovation (Innovate UK) and the Renewable Energy Association. 

Speaking on her appointment, Juliet said: “Energy storage is a key component of every country’s journey to net zero and Gravitricity’s technology portfolio, based around long-life assets which offer fast and flexible response, can play a vital role in decarbonising the electricity grid. 

“Re-purposing former mine shafts into energy stores offers a just transition for communities built on coal, whilst purpose-built shafts can store hydrogen and heat alongside electricity offering multi-purpose storage infrastructure exactly where it’s required. 

“Globally the energy storage market is vast, and my role is to help the firm scale up, secure funds and begin a dialogue with regulators and grid operators to ensure Gravitricity technology is recognised as part of the solution.” 

Davenport’s appointment comes alongside the recruitment of Robin Lane as the company’s new commercial director. Lane brings 15 years of experience driving business growth in the energy transition and sustainability sectors. Formerly a solicitor practising corporate and commercial law, he will be responsible for spearheading the company’s commercial development. He will also sit on the company’s board. 

Lane says: “The vital importance of energy storage to our energy transition is well known. There’s no one size fits all solution, but Gravitricity’s highly innovative, versatile technology has a big part to play.  The opportunity for the company is considerable, so I’m really looking forward to supporting the journey.”   

Gravitricity managing director Charlie Blair says: “Gravitricity is now recognised as one of the leading technologies in the global gravity storage market and these two strategic appointments strengthen our team as we begin our next phase of growth. It’s great to have them on board.”