REG - Corre Energy B.V. - Appointment of Chief Financial Officer

Corre Energy BVAnnouncement

03/11/2022 07:01

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RNS Number : 1275F  Corre Energy B.V.  03 November 2022

03 November 2022

 

Corre Energy B.V.

("Corre Energy" or the "Company")

Appointment of Chief Financial Officer

Corre Energy, a leader in the origination, development, construction, and
commercialisation of Long Duration Energy Storage ("LDES") projects and
services that will accelerate decarbonisation and enhance the security and
flexibility of energy systems, is pleased to announce the appointment of Iain
Balchin as Chief Financial Officer, with immediate effect. The position will
initially be a non-board position.

Iain is a highly experienced CFO who has most recently focussed on raising
growth capital for a number of rapid growth fintech businesses, both private
equity-backed and listed.

Prior to joining Corre Energy, Iain led the listed business XLMedia (AIM: XLM)
and was Deputy Group CFO of FTSE 100 wealth manager St James Place (LON: STJ).
He has significant experience in fund-raising most recently for crypto
payments platform Ramp Network and also at World Remit and Wizink Bank (bond
issuance); both European Unicorns, where he served as CFO.

Commenting on Iain's appointment, Keith McGrane, CEO of Corre Energy, said 'I
am delighted that Iain has joined Corre Energy. To meet increasing customer
demand for our storage solution, a combination of growth capital and portfolio
financing is required to capitalise on the ever-increasing market for LDES.
Iain's diverse experience in capital raising for scale-ups and Unicorns aligns
extremely well with our need to accelerate growth'.

On announcement of his appointment, Iain said 'I am delighted to be joining
Corre energy at an exciting point in its evolution. The need for long duration
renewable energy storage (LDES) has never been more important and I look
forward to working with Keith and the team to make Corre Energy the world
leader in this space. We have hugely exciting plans, and I am delighted to be
able to lead the rapid growth phase the company is entering'.

 

For further information, please visit https://corre.energy/
(https://corre.energy/) or contact:

 Corre Energy B.V.
 Stephanie Casey, Head of Investor Relations  +44 7587 748402
 Davy (Euronext Growth Listing Sponsor)
 Barry Dixon, Head of Decarbonization         +353 87 689 9195
 Niall Gilchrist, Corporate Broking
 Barry Murphy, Corporate Finance
 Aoife Foley, Corporate Finance
 Murray PR (Financial PR and IR)
 Pat Walsh, Managing Director                 + 353 1 498 0300

 

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