Due to restrictions under applicable securities laws, access to this website is not permitted in certain jurisdictions.
Please select your country of residence
By clicking the "Submit" button you certify that you are an individual resident in the country stipulated by you above and that you have read and understood this notice. The information contained in this website does not constitute an offer to sell, or the solicitation of an offer to acquire or subscribe for, any securities of Triple Point Energy Transtion plc in any jurisdiction in which, or to any person to whom, such offer or solicitation is unlawful.
Thank you for your interest. Legal restrictions prevent us from allowing you further access to this website.
If you believe you are a resident of, and located in, a jurisdiction where viewing is permitted by law, and you can confirm that to us, please contact firstname.lastname@example.org
IMPORTANT NOTICE: VIEWING THE MATERIALS YOU SEEK TO ACCESS MAY NOT BE LAWFUL IN CERTAIN JURISDICTIONS. IN OTHER JURISDICTIONS, ONLY CERTAIN CATEGORIES OF PERSON MAY BE ALLOWED TO VIEW SUCH MATERIALS. ANY PERSON WHO WISHES TO VIEW THESE MATERIALS MUST FIRST SATISFY THEMSELVES THAT THEY ARE NOT SUBJECT TO ANY LOCAL REQUIREMENTS THAT PROHIBIT OR RESTRICT THEM FROM DOING SO.
THE MATERIALS CONTAINED HEREIN ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, TO U.S. PERSONS OR IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OR OTHER JURISDICTION OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.
The information and materials contained herein (the "Website Materials") are exclusively intended for persons who are not residents of the United States and who are not physically present in the United States. The information contained herein and on the pages that follow does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or in any jurisdiction or jurisdictions in which such offers or sales are unlawful. The shares of Triple Point Energy Transition plc (the "Company") have not been nor will they be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or with any securities regulatory authority of any state or other jurisdiction of the United States and may not be offered, sold, resold, pledged, taken up, exercised, renounced, transferred, delivered or distributed, directly or indirectly, within the United States or to or for the account or benefit of U.S. Persons (as defined in Regulation S of the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. There will be no public offer of the securities in the United States, Australia, Canada, Japan or the Republic of South Africa or any jurisdiction in which such an offer would constitute violation of the relevant laws or regulations of such jurisdiction. The Company will not be registered under the U.S. Investment Company Act of 1940, as amended (the "Investment Company Act"), and investors will not be entitled to the benefits of the Investment Company Act.
Subject to certain exceptions, the securities referred to herein and on the pages that follow may not be offered, sold, resold, taken up, exercised, renounced, transferred, delivered or distributed, directly or indirectly, in Australia, Canada, Japan, the Republic of South Africa or any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction or to any resident or citizen of Australia, Canada, Japan or the Republic of South Africa. No offer and sale of the securities referred to herein and on the pages that follow has been or will be registered under the applicable securities laws of Australia, Canada, Japan or the Republic of South Africa.
In addition, the securities referred to herein and on the pages that follow may only be offered in member states of the European Economic Area and the United Kingdom (each a "Relevant State") to the extent that such securities (i) are permitted to be marketed into the Relevant State pursuant to the Alternative Investment Fund Managers Directive (Directive 2011/ (61/EU) ("AIFMD"); or (ii) can otherwise be lawfully offered or sold (including on the basis of an unsolicited request from a 'professional investor' (as that term is used in the AIFMD)).
Any person accessing the Website Materials in any other jurisdiction should inform themselves about and observe any applicable legal requirements in their jurisdiction.
Any person accessing the Website Materials should carefully review the Terms and Conditions of this website. By using the Website Materials, you indicate that you accept the Terms and Conditions and that you agree to abide by them. The Company may change the Terms and Conditions at any time. Such changes will be posted on this website. Your access to this website is governed by the version of the Terms and Conditions then in force. If you do not agree to the Terms and Conditions, please refrain from using this website.
Akur Limited, RBC Europe Limited and Winterflood Securities Limited (together, the "Advisers") which are authorised and regulated in the United Kingdom by the Financial Conduct Authority, are each acting exclusively for the Company and no-one else in connection with the matters referred to on this website and will not be responsible to anyone other than the Company for providing the protection afforded to their clients or for providing advice in relation to any matters referred to on this website. Apart from the responsibilities and liabilities, if any, which may be imposed on the Advisers by the Financial Services and Markets Act 2000, as amended, or the regulatory regime established thereunder, the Advisers do not accept any responsibility whatsoever for the contents of this website or for any statement made or purported to be made by them, or on their behalf, in connection with the Company. The Advisers accordingly disclaim all and any liability whether arising in tort, contract or otherwise (save as referred to above) which they might otherwise have in respect of such material or any such statement.
By clicking 'I understand and agree' below, you represent, warrant and agree that:
YOU ARE NOT INVESTING OR OTHERWISE ACTING FOR THE ACCOUNT OR BENEFIT OF A U.S. PERSON OR A RESIDENT OF AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA; AND
YOU ARE NOT A U.S. PERSON OR OTHERWISE A RESIDENT OF AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA; AND
YOU ARE NOT IN THE UNITED STATES OR IN ANY OTHER JURISDICTION WHERE ACCESSING THIS WEBSITE MAY BE PROHIBITED BY LAW OR REGULATION; AND
YOU WILL NOT TRANSMIT OR OTHERWISE SEND ANY INFORMATION CONTAINED IN THIS WEBSITE TO ANY PERSONS IN THE UNITED STATES OR WHO ARE U.S. PERSONS OR TO ANY PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES; AND
YOU HAVE READ, UNDERSTOOD AND AGREE TO THE ABOVE.
If you cannot so represent, warrant and agree, you must click the button labelled 'I decline' or otherwise exit this website.
I understand and agree
Triple Point’s Mike Pelmore reveals how Combined Heat and Power is central to the UK’s energy efficient roadmap.
One of the positive stories that has emerged from this crisis is the record fall in global carbon emissions. Daily emissions of carbon dioxide dropped 17% by early April compared with 2019 levels. Whilst this is a good news story, we should remember that this unprecedented fall is unlikely to have a significant impact on the climate. When the world opens again for business, energy efficient solutions will be required if we intend to address climate change in the long-term.
To effectively fight climate change, we first must understand energy efficiency: the ratio of a system’s useful output to its energy (read: carbon) input. In its simplest form, an increase in energy efficiency (or in energy productivity) is achieved through either an increase in useful output from the same energy input, or by maintaining the level of useful output from a lower energy input. So, if we want to improve our quality of life in the UK and fight climate change whilst lowering our carbon footprint, we need to significantly increase the UK’s energy efficiency.
One way to enact this is to think more holistically about our various energy systems and their interfaces with each other. Rather than improving the efficiency of individual system components (e.g. cars, fridges and computers) we need to ramp up our thinking on where seemingly separate systems can work together to generate mass energy efficiencies. We need to ask ourselves, ‘Where can one system’s waste product form another system’s useful input?’ Really, this is just plain old recycling, but it’s more complex, because you can’t just pick up your waste energy and put it out for collection on Monday morning.
One solution that integrates two systems together in this way is known as combined heat and power (or CHP). Gas-fired CHPs pump heat; a waste output from electricity generating gas engines, to where it becomes a useful input, avoiding the need for that system to burn its own fossil fuels. This could be for heating people’s homes, public swimming pools or hospitals in what’s known as a district heating network. However, we can even go further and add some natural carbon capture. Plants need CO2 for photosynthesis and growth, so if a commercial greenhouse is connected to a power plant, the system can become even more energy efficient by also including the waste CO2 in the list of useful inputs required to grow plants and food.
But it’s not just the heating side of things that adds to CHP’s energy efficiency story. These gas engines are connected to the same local electricity networks as renewables like solar and wind, and in contrast to large conventional gas power plants, they can be started up exceptionally quickly (5 minutes vs. 2 hours) to balance the fluctuations in electrical generation caused by the highly variable nature of renewables. This reduces the need for grid operators to maintain the grid’s balance by turning off renewable sources when they could be generating at their fullest. If you’ve ever been frustrated at the sight of a wind farm not spinning on a windy day you’ll be glad to know that the addition of energy efficient, quickly dispatchable generating solutions like CHP can keep those blades turning, increasing the UK’s energy efficiency even further. Since 2015 Triple Point has been investing in the UK’s energy efficiency through the provision and arrangement of circa £60m funding for highly efficient gas-fired CHP projects.
There’s still a long way to go to reduce the UK’s carbon emissions to meet net zero by 2050, and the electricity network is only one part of it. However, when we start thinking not just about the efficiency of systems themselves, but how they interact with each other, we can unlock even further efficiency gains on a higher level, helping keep our quality of life for future generations by reducing our dependency on carbon.