LONDON - Invinity Energy Systems plc, a global manufacturer of utility-grade energy storage systems, has appointed Adam Howard as its new Chief Financial Officer (CFO) and Executive Director. Howard, who will assume his new role on December 9, 2024, is transitioning from his position as a Director of Banking and Investments at the National Wealth Fund.
With over 15 years of experience in the energy and natural resources sectors, Howard has a track record of leading financing initiatives for energy and infrastructure projects, particularly those supporting the UK's transition to net-zero emissions. His previous roles at EBRD, ING Barings, and Lloyds (LON:LLOY) Bank saw him advising and leading transactions to raise £4 billion in capital for growth companies across Europe and Central Asia.
Howard's educational background includes an Executive MBA from INSEAD and an MSc in Financial Economics from the University of Leicester. His appointment comes at a time when Invinity is focusing on addressing energy intermittency challenges through long-duration energy storage (LDES) solutions, an area where the company has established itself as a leader with its widely deployed LDES battery technologies.
Jonathan Marren, CEO of Invinity, expressed confidence in Howard's ability to contribute to the company from day one, citing previous collaborative efforts during Howard's tenure at the National Wealth Fund. Marren anticipates that Howard's market experience and skill set will help Invinity achieve its corporate objectives and advance toward profitability.
The announcement did not reveal any further details that would require disclosure under the AIM Rules for Companies. This news is based on a press release statement from Invinity Energy Systems plc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.