ABERDEEN-headquartered Carbon Neutral Energy (CNE) is aiming to raise £300million and create 200 jobs in the next five years.
The hybrid power solutions company, formed in early 2020 by energy industry veteran Mark Patterson and his two sons Harry and Philip, has invested heavily in game-changing technology to meet the growing challenge of storing and using electricity produced from renewable sources.
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With a defined market strategy to become a significant player in the mobile green battery storage market, CNE is now preparing for a major fund-raising exercise to ensure it has the right level of capital to exploit the opportunity and build a business capable of creating and supporting hundreds of green energy jobs in Scotland.
Using a range of mobile, modular energy storage systems with large capacity battery storage, CNE aims to increase green electrification and reduce carbon emissions, accelerating the UK’s net-zero ambition.
Harry Patterson, CNE chief operating officer, said: “With the global drive to electrification we need to up our game when it comes to power storage.
“If we are to achieve net-zero ambitions, government will need to change strategy and invest significantly in battery storage.
“We believe we have developed a simple solution to a significant challenge, at precisely the right time, with a unique commercial offering that will allow rapid adoption across several sectors.”
