Triple Point Energy Transition plc

Triple Point Energy Transition plc ("TENT") is an investment trust listed on the Premium Segment of the Main Market of the London Stock Exchange.

As announced on 5th March 2024, following careful consideration of the options, the Board has decided to pursue the implementation of a managed wind-down of the Company.

About the Board

The Board is responsible for the determination of the Company's investment policy and strategy and have overall responsibility for the Company's activities including the review of investment activity and performance and the control and supervision of the Investment Manager. All of the Directors are non-executive and are independent of the Investment Manager and the other service providers.

Dr. John Roberts CBE

Chairman

Dr. John Roberts has significant experience in the energy and utilities sectors with a 40-year executive career including senior roles at Manweb plc, Hyder plc and culminating with his role as Chief Executive of United Utilities plc (a long term constituent of the FTSE 100) from which he retired in 2006. Since then, John has held various senior non-executive positions across a range of energy focussed operating companies and funds including BlackRock New Energy Investment Trust plc, Halite Energy Group and First Utility plc. He is currently Chairman of Electricity North West Limited. John is a keen advocate for the environment and, amongst other roles, was a member of the Royal Commission on Environmental Pollution, Ofgem's Environmental Advisory Panel and the Renewables Advisory Board, he was also previously Chairman of the North West Energy Council. A qualified engineer and Chartered Certified Accountant, John was made a Doctor of Engineering by the University of Liverpool and an Honorary Fellow of Liverpool John Moores University. He was awarded a CBE in 2004 for his services to the utilities industry.

Rosemary Boot

Non-Executive Senior Independent Director

Rosemary Boot has an investment banking background with 16 years at UBS Warburg, following which she was appointed Group Finance Director of The Carbon Trust, a position she held for over 10 years. Rosemary then held senior executive positions at Circle Housing and, finally, was appointed Chief Financial Officer of Future Cities Catapult, stepping down in 2016. She joined the Board of Southern Water Services Limited in March 2015 and is a member of the Audit and Risk Review Committee in July 2017, having previously served as Chair. Rosemary is also currently a non-executive director of Impact Healthcare REIT plc, where her roles include Senior Independent Director and Chair of the Remuneration Committee, and Urban & Civic plc. Rosemary’s knowledge of the wider low carbon technology sector has been built up over 20 years with other roles including trustee of the Green Alliance Trust, director and steering group member of Chapter Zero Limited and non-executive director of Partnerships for Renewables Limited.

Dr. Anthony White MBE

Non-Executive Director

Dr Anthony White has over 35 years’ experience in international power markets and the low carbon economy from capital markets, analytical and industry strategy roles. His key executive responsibilities included being lead analyst for the top ranked energy team at investment bank James Capel and Head of Citigroup's pan-European power team. He also was National Grid’s Group Head of Strategy in the 1990's. More recently, Anthony was a founder of Climate Change Capital, a specialist low carbon advisory and asset management business, and still consults on developments in the low carbon economy through his company, BW Energy Limited. He is currently a non-executive director of Green Energy Options with previous non-executive director appointments including the National Renewable Energy Centre and the Green Deal Financing Company. Anthony has participated in numerous government advisory bodies on UK energy and power market policy including the Energy Advisory Panel, Commission on Environmental Markets and Economic Reform, Energy Networks Strategy Group and the House of Commons Select Committee on Energy & Climate Change. Anthony was appointed a MBE in 2004 for services to UK energy policy.

Sonia McCorquodale

Non-Executive Director

Sonia McCorquodale has a background in the energy sector with an executive career with a range of companies spanning start up, operational, PFI managed and an A-rated utility group. Her most recent executive role was Managing Director for the Commercial division of Welsh Water Infrastructure Limited and prior to that she was Head of Commercial Projects for AIM listed renewable energy company, Good Energy Limited. Over the past 20 years, Sonia has sat on numerous steering committees and trade bodies including, more recently, the CBI Energy & Climate Change Board, the CBI Heat Policy Group and Entrepreneurial Women in Renewable Energy (EWIRE).

About the Manager

Triple Point is committed to being a sustainable and responsible investor.

We continue to uphold responsible investment practice and as the Company enters wind down we will focus on the exit process as key to this commitment. This entails drawing attention to the sustainability credentials remaining assets. We seek to understand how any purchaser will support such credentials and in turn will provide all available sustainability-related information on assets as requested by potential purchasers.

Management Team

Investment Manager

The key personnel of the Investment Manager are as follows:

Jonathan Hick

Jonathan joined Triple Point in 2021.

He has over 13 years of experience advising on and investing in assets in the UK and internationally, with a focus on sustainable infrastructure assets such as solar, wind and battery technologies. 

He is a chartered accountant (ACA) and hold a Masters in Finance degree from London Business School and a Management with Chinese degree from Nottingham University, where he was awarded the Union Prize for outstanding contribution to the University.

Jonathan is passionate about using finance to drive impact in businesses and specifically to tackle climate change,  and he is an advisor to a number of social enterprise and impact startups. He also developed the UK’s largest student social entrepreneur mentoring programme through Enactus UK and a microfinance fund in Ghana.

Jessica Fisher

Jessica joined Triple Point in 2020 and is an Investment Manager. Prior to joining Triple Point Jessica was portfolio Manager for Zouk Capital LLP and has several years’ experience in renewables, project finance and asset management. Jessica has a BA in Classical Studies, is Prince2 qualified, and has completed the PRI ESG academy.

Patrick Pang

Patrick joined Triple Point in 2017 as an Analyst in the investment team. He was previously in Societe Generale Corporate & Investment Banking’s Advisory & Project Finance team focused on transactions in energy infrastructure covering oil and gas and power generation assets. Patrick graduated from Imperial College London with degrees in MEng Chemical Engineering and MSc Petroleum Engineering.

Hamish Tate

Ariane Brunel

Ariane Brunel joined TENT as an investment director in October 2022. Prior to

that, she was an associate director in the energy team of the European Bank of

Reconstruction and Development (EBRD) in London. Ariane has over 12 years of

experience investing in or financing sustainable infrastructure assets internationally.

She is a graduate of ESSEC Business School (Paris & Singapore).

Christophe Arnoult

Christophe Arnoult joined TENT in June 2022 as portfolio director. He is an
experienced portfolio director in the renewable energy sector covering all major
technologies and has a strong background in the waste and bioenergy industry,
ranging from operation to development, design and construction. He was previously
head of projects at enfinium, senior asset manager at Equitix Energy Efficiency Fund
and Energy Saving Investment and delivery coordination manager at the Cornwall
Energy Recovery Centre for Vinci.

Melissa Callaghan

Melissa joined Triple Point in September 2022 as a Portfolio Analyst within the energy transition team. She is involved in the management and optimisation of the portfolio as well as assisting in transactions. Melissa has over 4 years’ experience in the renewable energy industry, formerly at Armstrong Capital. Melissa holds a Msc in Climate Change and Environmental Policy from the University of Leeds and holds the Investment Managers Certificate.

Chloe Smith

Chloe is the Finance Director of TENT and has 10 years of experience in the financial services sector. She spent 8 years at Close Brothers responsible for the asset finance division, financial control and later financial planning & analysis, before moving to Kvika Banki, where she led the UK finance team and held a position as a Board member of a bridging lender. Chloe is ACCA accredited and qualified in audit.