UK carbon-capture business Storegga has brought in sell-side analyst Michael Alsford to the newly created role of head of corporate finance and investor relations.
Alsford joins from Citi, where he worked as a director in equity research focused on renewable energy and decarbonization strategies. Prior to that, he was an equity analyst at Morgan Stanley and Nomura.
‘We’re very lucky to have Michael on board,’ says Nick Cooper, CEO of Storegga, in a statement. ‘He brings substantial relevant experience and has really impressed the industry with the quality of his research at Citi on carbon capture and storage, and the energy transition.’
Alsford (pictured) adds: ‘It’s really exciting to work with a company at this stage of its development. As Storegga replicates the blueprint of its Scottish Acorn project globally, there is a real opportunity for me to help support the company’s growth.
‘There are significant pools of international capital looking to invest in energy transition developments and, increasingly, we are seeing the world’s leading thinkers back decarbonization technology as an important part of solving the climate change conundrum. It’s therefore no surprise that Storegga already has the backing of some of the world’s leading infrastructure investors.’
Storegga is the lead developer on The Acorn Project, an initiative based in Aberdeen, Scotland, which aims to develop carbon capture and hydrogen infrastructure. The private business, which employs around 80 people, is backed by a string of well-known institutional investors, such as GIC, M&G Investments and Macquarie Group.
Over recent months, Storegga has made other key appointments. In January it hired Sorrelle Harper, a former head of communications at KPMG UK, as head of corporate affairs. The following month, the company named Nicola Cocks as head of policy and regulation.
