Key appointments to Foresight Metering; Daniel Reilly as Business Development Director and Richard Rose as Chief Financial Officer
LONDON, February 2019
Foresight Metering Limited (“Foresight Metering”), one of the UK’s leading meter asset providers (“MAP”) to a wide range of energy suppliers, is pleased to announce the appointment of both Daniel Reilly as Business Development Director and Richard Rose as Chief Financial Officer.
Daniel has recently joined Foresight Metering. He is responsible for developing new propositions and products, which build on the strong relationships that Foresight Metering has developed over the last 10 years and their expertise in asset provision and finance. Daniel has held a number of Sales and Marketing leadership roles within the UK energy sector and is well placed to support our customers in maximising the opportunity presented by the SMART meter programme and in leveraging emerging technologies in support of their acquisition and retention objectives.
Daniel has worked for Regus and E.ON and emerging energy suppliers, helping to build and develop customer acquisition and retention strategies. He has experience in leading business transformation and optimisation programmes to achieve growth targets; he has recruited, trained and led large sales and marketing teams.
Richard joined Foresight Metering in autumn 2018. Richard has an economics and accountancy background and has worked in the international water and energy markets for the last two decades. He spent nine years at Thames Water Plc and American Water Corp. in Corporate Finance, Project Finance and Treasury oriented roles, followed by eight years at Npower Plc in both operational and Group Finance Controllership roles up to Executive Committee level.
More recently Richard spent several years with the Extra Group as the Group CFO in an Executive Team with responsibilities for Energy and Non-Energy assets in Germany, Cyprus, UK and Israel. He has extensive experience with financial control and performance management, coupled with corporate finance expertise and associated capital market activity.
Foresight Metering was launched to disrupt the energy metering market, offering innovative financing solutions and transparent risk management to help households and energy suppliers with the rollout of smart meters. It has a ten -year track record of funding smart meter installation in the UK, having to date invested into circa 320,000 smart gas and electricity meters across the UK within both domestic and non-domestic energy suppliers.
Foresight Metering is hosting a programme of regular Smart focused events at its London offices this year, to assist energy suppliers (both large and small) and key stakeholders with untangling the challenges of smart meter roll outs to December 2020 and beyond. Themes include the roll out of SMETS2 meters, what is possible beyond the meter and insights into the power of data.
Tom Thorp, CEO of Foresight Metering, said: “We are thrilled to have Richard and Daniel joining the team at Foresight Metering. Richard has a wealth of experience within the UK’s energy sector and has helped drive the financial performance of energy companies and longer-term objectives. Daniel has a strong background in delivering growth and developing strong relationships with key partners. We look forward to the upcoming growth and success with them on board.”
Richard Rose, CFO of Foresight Metering, said: “I’m delighted to have joined Foresight Metering at a pivotal time. Smart meters have an important role in the significant transformation currently taking place in the energy system and will contribute to customer engagement driving both energy efficiency and more widespread adoption of connected home, renewable energy and e-mobility technologies.”
Daniel Reilly, BDD of Foresight Metering, said: “I am excited to be joining Foresight Metering. Foresight Metering has a great reputation as innovators and being customer focused. This coupled with the drive and passion for excellence held by the team make it a fantastic business to work for and to partner with. I very much look forward to working with our customers to help them minimise risk and maximise the market opportunity.
For further information, please contact:
Annabel Arrowsmith, Foresight Group
email@example.com +44 (0) 20 3667 8179
Tom Thorp, Foresight Metering
firstname.lastname@example.org +44 (0) 7801 440367
NOTES TO EDITORS:
About Foresight Metering Limited (“Foresight Metering”):
Foresight Metering is a second-generation provider of MAP services, 100% owned by Foresight Group, the leading independent energy infrastructure and private equity investment manager.
Foresight Metering’s acquisition of Utility Funding Limited in December 2016 brought together 8years’ worth of operational and management experience of over 150,000 advanced and smart meters in the UK alongside a successful track record of competitive funding to support energy suppliers’ ambitions for their smart meter rollout obligations.
About Foresight Group LLP (“Foresight”):
Foresight is a leading independent infrastructure and private equity investment manager with over £2.5 billion of Assets Under Management across a number of institutional and UK retail funds.
In renewables infrastructure, Foresight currently manages more than 140 renewable generation assets globally, with a total generating capacity of 1.6GW.
In Solar, Foresight has invested in over 100 solar plants and has more than 1.1GW of solar generation assets under management around the world.
In Wind, Foresight has more than 115MW of wind generation assets across the UK and Ireland.
In Bioenergy, Foresight manages 32 waste projects with 115MW baseload generating capacity, processing over 2.2 million tonnes of waste per annum, having mobilised some £1bn of capital investment. The projects when fully operational will divert some 800,000 tonnes of waste from landfill every year, saving more than c.600,000 tonnes of CO2 emission every year.
In addition, Foresight manages 160MW of Reserve Power assets and two utility scale Battery Storage projects providing 45MW of Enhanced Frequency Response (“EFR”) services to National Grid.
Foresight is headquartered in London with regional offices in Manchester, Nottingham, Milton Keynes, Leicester and Guernsey and international offices in Sydney, Rome, Madrid and Seoul.