Carbon Neutral Energy (CNE) has attracted a top tier team to set up and grow its US business.
The hybrid power company, which recently announced its expansion into the American market, has appointed Michael Dumas as Chairman and Stuart Nelson as Chief Executive Officer of CNE (USA).
CNE is fast-tracking its overseas expansion due to the huge demand for energy storage systems to add capacity and stability to the electrical grid and prevent emergencies like the loss of power in Texas earlier this year.
The company has developed a revolutionary solution to the rapidly growing challenge of storing and using electricity produced from renewable sources. Using a range of mobile, modular battery energy storage systems, CNE aims to increase green electrification and reduce carbon emissions, accelerating the world’s net-zero ambition.
With a depth of international shipping and maritime expertise, Mr. Dumas joins CNE (USA) from Maritime Holdings where he was President and Chief Executive Officer. Michael also held the role of Chief Financial Officer for Intermarine, which specializes in marine heavylift and project cargo. His career has spanned corporate finance and business development with Freeport McMoRan Copper and Gold, including acting as liaison head for Rio Tinto Minera, S.A. in Madrid, Spain.
Formerly President of Cameron International’s Flow Control Division, Mr. Nelson takes up the role of Chief Executive. With extensive experience in leading manufacturing, sales and service of multiple product lines for the energy industry, Nelson managed Cameron’s Drilling Pressure Control products as Vice President and General Manager. He has lived and worked internationally in Singapore, Kuala Lumpur, Jakarta, United Kingdom, USA and Abu Dhabi.
CNE Chairman and interim CEO, Mark Patterson, said: “With the huge opportunity ahead, the ground-work already carried out by the UK team in the last 18 months and the appointments of Michael and Stuart, CNE is well placed to capitalise on the massive market opportunity across the US for our products. We are thrilled to have attracted two high calibre executives with the expert knowledge, drive and the enthusiasm needed to make the most of the opportunity in America.” Mr Patterson will also take an active role on the CNE (USA) board and will be a significant shareholder in the new entity.
Commenting on their appointments, Nelson said: “We are impressed with the CNE UK team’s commitment and drive to develop and grow this opportunity. US industrial users are ready to leverage the benefits of large capacity mobile battery storage and we are excited about capitalising on the potential for CNE’s innovative range of products. We are planning to manufacture here in Texas and are exploring various facilities as well as how we will further strengthen the management team going forward. Personally, I’m very excited to be working with the Patterson family whom I’ve known and respected for many years.”
CNE, a fast-growing hybrid power company, has embarked on a £300 million fund raise and has developed a range of large capacity, mobile battery energy storage systems which can store and deliver significant green power capacity to address inadequacy in power infrastructure.
CNE’s eGen range offers large capacity battery storage from 1MW to 5MW in the form of a mobile unit with a suite of smaller static modules that can be combined to create large energy storage and customised to meet any size of power requirements at any location, potentially creating gigawatt storage systems. This meets demand for mobile power storage with no unnecessary pollution in this era of electrification.
CNE (US) will be based in One Riverway Suite #1700, 777 Post Oak Blvd Houston, TX 77056. More information can be found at www.carbonneutralenergyltd.com