Mott MacDonald invests in smart energy company Piclo

06/05/2021
Dominic Browne

Mott MacDonald Ventures, the strategic corporate venture arm of Mott MacDonald, has made an equity investment in smart energy company Piclo.

Chaired by Volker Beckers the former group CEO of RWE Npower, Piclo was established in 2013 to accelerate the decarbonisation of electricity grids.

Described as an 'energy-market disruptor, cleantech start-up', it provides an energy flexibility trading platform that connects buyers and sellers of energy.

The company provides 'an independent, online flexibility marketplace that enables electricity networks to buy services from flexibility providers that support network resilience, defer grid reinforcement and advance network reliability'.

In a statement, Mott MacDonald said: 'The Piclo Flex platform is paving the way for new low carbon technologies, such as electric vehicles, energy storage and flexible demand to balance the grid at lower cost. It is currently in use by four of the UK’s distribution network operators, including UK Power Networks who awarded £14m of flexibility contracts via the Piclo platform last year.'

Part of an investor syndicate under a £4.7m funding round of the Government-supported Clean Growth Fund - which first invested in Piclo in December 2020 - and together with the Green Angel Syndicate, Mott MacDonald Ventures is partnering with Piclo to support its mission to make electricity grids efficient, reliable and powered by sustainable energy.

Mott MacDonald Ventures will work closely with Piclo to deliver new digital solutions to clients in the energy, transport, water and built environment sectors, supported through Moata Smart Energy, a suite of digital tools that optimises performance and maximises returns from renewables.

The investment is linked to Mott MacDonald’s ‘Net Zero’ strategy which includes a toolkit that helps non-energy clients decarbonise their electricity supplies.

James Johnston, CEO and co-founder of Piclo said: 'Alongside Mott MacDonald with the active support of the Clean Growth Fund and the Green Angel Syndicate, Piclo will continue to accelerate flexibility markets in the UK and internationally, grow our team and ramp up the development of new solutions.'

Beverley Gower-Jones, managing partner of the Clean Growth Fund, said: 'Mott MacDonald’s welcome investment in Piclo is testament to their commitment to net zero. The Clean Growth Fund actively encourages co-investment from major corporates who have such an important role to play in achieving the global net zero goal.'

Latest Issue

latest magazine issue

Also Inside:

  • Buying better roads
  • Coming clean on carbon
View the latest issue


Highways jobs

Project Manager

£32,798 to £38,553
The post holder will be required to undertake all project management duties necessary to deliver those essential activities. Torfaen (Tor-faen)
Recruiter: Torfaen County Borough Council

Parking Team Leader

£28,226 - £29,174
We have an opportunity for a Parking Team Leader to join our team in West Cumbria. Cumbria
Recruiter: Cumbria County Council

Recycling Monitoring Officer

£27,009 - £31,155
Turn your environmental passion into practical action. Kensington and Chelsea, London (Greater)
Recruiter: The Royal Borough of Kensington & Chelsea Council

Engineer (Highways)

£37,491 - £44,598
To provide operational delivery of a range of specialist professional and technical services for the Highways Group. Tower Hamlets, London (Greater)
Recruiter: Tower Hamlets London Borough Council

Senior Engineer (Assets and Design) – Assets

£36,371 - £38,553
We are seeking to recruit a Senior Engineer (Asset and Design) to join our Highway Asset and Design team. Aberaeron, Ceredigion (Sir Ceredigion)
Recruiter: Ceredigion County Council

Assistant Director of Highways and Engineering

to £85,239
Imagine a diverse town full of contrasts, a strong identity and residents who are proud to call it home. Bolton, Greater Manchester
Recruiter: Bolton Council

Assistant Engineer (Assets and Design)

£25,419 - £30,984
We are seeking to recruit an Assistant Engineer (Asset and Design) to join our Highway Asset and Design team. Aberaeron, Ceredigion (Sir Ceredigion)
Recruiter: Ceredigion County Council

Senior Engineer (Assets and Design) – Structures

£36,371 - £38,553
We are seeking to recruit a Chartered Structural Engineer to join our Highway Asset and Design team on a permanent, full-time basis. Aberaeron, Ceredigion (Sir Ceredigion)
Recruiter: Ceredigion County Council

Senior Engineer (Highways Development Control)

£36,371 - £38,553
We are looking to recruit a highly-motivated, creative and innovative and suitably qualified or experienced Senior Engineer. Aberaeron, Ceredigion (Sir Ceredigion)
Recruiter: Ceredigion County Council

Senior Engineer

£35,336 to £41,591
The successful applicant should hold a degree or equivalent in a technical/engineering subject and have 5 years’ experience. Newbury, Berkshire
Recruiter: West Berkshire Council

Transport Strategy Officers

£33702 - £35432 per annum + generous pension, agile working + more
The Transport Strategy team at Buckinghamshire council is recruiting to 4 exciting new roles, focusing on our priorities to encourage people to travel England, Buckinghamshire, Aylesbury
Recruiter: Buckinghamshire Council

Specialist Heavy Plant Operator

£22,571 - £24,920
This new opportunity/position is to work within both the Northumberland County Council SE Maintenance. Northumberland
Recruiter: Northumberland County Council

Network Coordination Assistant

£19,650 - £20,043
This is an exciting opportunity to work in the Network Management team within the Highways service. Barnsley, South Yorkshire
Recruiter: Barnsley Metropolitan Borough Council

Development and Flood Risk Officer

£28,373
Essex is committed to enabling inclusive economic growth. Essex (Anywhere Worker)
Recruiter: Essex County Council

Waste Management Operative

£20,468
Leicestershire County Councils, Contracts and Haulage Team are looking to recruit a Waste Management Operator to join the team. Leicestershire
Recruiter: Leicestershire County Council

Waste Transfer Station Plant Operative

£20,807
An exciting opportunity has arisen within the Waste Management Delivery Service. Leicestershire
Recruiter: Leicestershire County Council

Contract Management Officer

£22,571 - £32,798
Cambridgeshire County Council is seeking to appoint a Contract Management Officer into the Highways Contracts and Commissioning Team. Various places - working out of office base
Recruiter: Cambridgeshire County Council

Waste Management Supervisor

£24,283.58 - £26,812.09
The role will be responsible for supervising the Waste Transfer Station and Internal Haulage operation. Leicestershire
Recruiter: Leicestershire County Council

Project Engineer

£25,418 to £36,370
We are looking for Project Engineers to join our teams in Brompton-on-Swale, Richmond and Boroughbridge. Boroughbridge, York
Recruiter: North Yorkshire County Council

Project Engineer – Electrical

£33,486-£36,370
We are looking for a Project Engineer – Electrical to join our Electrical Engineering Team. Leeming Bar, Northallerton (Hybrid Working)
Recruiter: North Yorkshire County Council

Highways Presents

 

Highways on Fridays

Register now!

Latest Video