Author Dr Mary Stewart
Date July 2021
Charles Cattermole, clean energy transition and investment strategist, joins Energetics to lead our decarbonisation technology advisory services. Prior to Energetics, Charles was with Energy Australia where he was an opportunity leader for distributed energy.
Charles has extensive experience in clean energy technology, energy markets, and energy risk management and is passionate about Australia’s transition to clean energy. He specialises in building and implementing new business models, as well as developing the products and technical capabilities that help organisations adapt to a low carbon economy.
He said, “AEMO tells us that 13-22% of underlying energy generation is expected to come from distributed energy resources by 2040. We will also see an additional 6-19GW of investment in dispatchable capacity across the National Electricity Market (NEM). This represents a significant increase in solar, storage, and other distributed energy resources. As this market continues to grow, new opportunities will arise for corporates, investors and utilities.”
In commenting on the opportunities for Energetics, CEO Dr Mary Stewart said, “Charles will lead Energetics in the development of portfolio level programs for clients looking to implement solar and storage assets across multiple facilities, assess new business models (such as onsite PPAs and storage as a service); and obtain independent advice on how to monetise flexible assets in demand response or FCAS markets. He will overlay an understanding of onsite emissions reductions opportunities including consideration of energy efficiency and fuel switching to deliver a whole of business net zero response.”
Charles added, “We also see investors increasingly seeking to either acquire or invest in large portfolios of distributed asserts. As institutional investors increase their DER holdings, we can work with them to quantify and manage physical, technical and market risk across their portfolio.”
Mary also noted, “We see huge potential across emerging technologies. For example, Charles will advise and lead the development of program strategies for governments on EV and transport electrification, and corporates on how to electrify fleets. In some cases it is already commercially viable to choose an electric bus or truck over diesel equivalents. We can develop everything from electrification strategies through to infrastructure assessments and capital financing arrangements as well as subsequent renewable energy procurement.”
“I am excited by the insights that Charles will bring to Energetics and the depth of support we can provide our clients as they move from target-setting to establishing their plans to deliver net zero. Welcome Charles!”