UK Power Reserve (UKPR) has been named ‘Mid-Market Team of the Year in the Midlands’ in the British Private Equity & Venture Capital Association Management Team Awards 2017. Backed by Equistone and Inflexion, UKPR operates a portfolio of 823MW flexible electricity assets, including fast-ramp gas power stations and battery storage.
Passionate to challenge Britain’s Big Six incumbent energy suppliers, UKPR invested in small-scale, decentralised power – notably gas recip engines and battery storage. With this approach, the company is spearheading the UK’s shift to a decentralised system in which wind and solar generation is complemented by flexible energy sources.
In the 2016 auction, UKPR secured contracts to deliver 120MW of battery storage capacity – making it the Britain’s biggest independent developer of this type of technology. Moreover, in the 2014 and 2014 auctions, the company won long-term government contracts which underpin the company’s anticipated Ebitda growth over the next decade.
The Award Judges said they selected the UKPR team due the impressive growth it has achieved since it was established in 2010. “Since being backed by private equity in 2015, Tim Emrich and his team have grown the business by investing in greater efficiency and responding in a fast and entrepreneurial manner to new opportunities,” they said. “The business is increasing its footprint in the UK, with further potential internationally.”