By Mark Futyan, Anesco CEO
Anesco is celebrating its milestone tenth year in business and a decade spent pioneering the UK’s transition to a low carbon economy.
The energy company I previously worked for could trace its roots back to 1812 and in comparison, it is truly remarkable what has been achieved at Anesco in just ten years. From humble beginnings as a cleantech start-up, Anesco is now a mature, international business, managing thousands of low carbon energy assets, many of which we brought into being, and having also saved millions of tonnes of carbon through home insulation measures.
An evolving market
When the company was founded in 2010, the UK’s energy sector was a very different place. New nuclear and carbon capture were the key hopes for an affordable low carbon future. The wind sector was just getting going and heavily subsidised. The cost of energy from solar panels was some ten times the market price and the first grid scale battery project was yet to be conceived.
In the years that followed, innovation, advances in technology and an increasing appetite for renewables, all played their part in fuelling the growth of the industry.
Flashforward to the present today and half of the power generated in the UK now comes from renewable sources (in 2010, it was less than 5%), with the majority of this power coming from wind and solar.
This increase in renewable energy has presented many new challenges for the UK power grid, which has needed a solution to ‘intermittency’ when the sun’s not shining and the wind’s not blowing. Which is where energy storage comes in. Just like solar, the cost of battery energy storage systems has fallen dramatically in recent years and they are now the fastest growing source of flexibility.
A bright future
At Anesco, we are proud to have played our part in this incredible energy transition, and I thank every member of the team for their ongoing ambition and commitment. We have a bright future to look forward to, thanks to ongoing investor enthusiasm for solar and storage and the continued importance of energy efficiency.
With the government committing to reaching net zero greenhouse gas emissions by 2050 and the popularity of renewables continuing to increase, I look forward to seeing what we can achieve in the coming decade.
Celebrating our key successes from the last ten years, we have pulled together a short video. I hope you enjoy it.