This company stores spare energy by cooling and liquefying air to -196˚C, compressing it, and putting it in tanks. When energy is needed, the air is released and, as it expands, it drives turbines to generate electricity cleanly. In February 2020 it secured a £35m investment from the Japanese manufacturing giant Sumitomo Heavy Industries for an undisclosed stake, and in June received a £10m grant from the UK government. Chairman Colin Roy, 58, is a former chief executive of Greenhill & Co Europe, the investment bank, and chief executive Javier Cavada, 44, is a former president of the energy division at Wärtsilä, the Finnish engineering group.
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