Progressive Energy is an established independent UK clean energy project development company.
Progressive Energy comprises a team of highly experienced energy project developers providing the skill set necessary to undertake all aspects of the project development cycle; project screening and selection, project definition and optimisation, commercial agreement development (including feedstock supply, EPC, and power purchase agreements), environmental assessment and project consenting, project financial evaluation and project structuring and financing. The team has wide technology experience covering all large scale generation options, coal, gas, nuclear and renewables, including waste, biomass and CHP. Progressive Energy has particular skills in projects utilising emergent technologies, with the breadth of experience vital for assessing the commercial balance of risk and reward that such approaches offer.
The Board of Directors is chaired by Dr Brian Count, previously CEO of Innogy, now RWE. The Board also includes Alan Lovell formerly CEO of Infinis as a Non-Exec Director and Peter Whitton, the Managing Director, who previously headed up Business development and electricity trading at Magnox. The team includes senior managers and experienced staff from a number of UK generators and several major project development companies.
Currently Progressive Energy has a major CCS project in the North East (Teesside) operating as two subsidiary companies. The first, Coastal Power Limited, is developing a coal-fueled Integrated Gasification Combined Cycle Power Station incorporating Carbon Capture. The second, COOTS Limited, is developing a CO2 transport and storage infrastructure to deliver CO2 through a 500 km pipeline to the North Sea oil fields for Enhanced Oil Recovery or deliver to an intermediate saline aquifer storage site. Both of these projects are flagship projects combined to be the model for a new tranche of ultra low emission coal power stations demonstrating the possibilities of Carbon Capture and Storage. Critically, the establishment of a CO2 disposal network offers valuable opportunity for decarbonising a wide range of other processing industries in the North East region.
