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GridBeyond appoints new Head of Trading in line with company expansion plans

GridBeyond, formerly Endeco Technologies, the leading energy technology and demand side response provider, announced today the appointment of Wayne Tipping as the Head of Trading.

Wayne joins the team with a strong background and deep knowledge gained from over 20 years in the energy industry. His career has been focused on energy trading, pricing, origination and flexibility, having set up the short term trading desk at EDF, led the commercial success of Slough Heat & Power, ran Centrica’s I&C pricing team and led the evaluation of energy flexibility in UK, German, Dutch, Danish and Italian markets.

Wayne is heading up energy trading at GridBeyond to ensure the business continues to expand its suite of services, using energy trading to provide clients with advanced benefits, enhanced savings and revenue streams.

Michael Phelan, GridBeyond Chief Executive, commented:

“We’re delighted to welcome Wayne to his new role. The creation of the Head of Trading position marks a significant step forward for GridBeyond and supports our plans for further business expansion.

“Wayne’s successful track record in managing flexibility in energy markets combined with a sophisticated level of expertise in the field will ensure further development of our services and the delivery of the most financially rewarding solutions for our clients.”

“Wayne’s successful track record in managing flexibility in energy markets combined with a sophisticated level of expertise in the field will ensure further development of our services and the delivery of the most financially rewarding solutions for our clients.”

Wayne Tipping, newly appointed GridBeyond Head of Trading, commented:

“I’m very happy to be joining GridBeyond at this exciting time in the company’s development. We are well placed in this market space to help our customers to gain access to additional revenue streams that short term trading and optimisation against imbalance markets offers.

“The Head of Trading is a new position for GridBeyond, and I am very much looking forward to using my extensive experience in energy trading and pricing in international markets to reshape and implement the company’s revised strategy in that area. I intend to work closely with the Executive Team and the investors to support the plans of entering new markets and increasing the revenue to allow for continuous business growth.”

Earlier this month, GridBeyond announced its forecast for further growth and plans of international expansion. The company is predicting greater than 100% year to year revenue growth in 2018, having already seen a fivefold revenue increase over the period 2014-2017.

GridBeyond is committed to enhancing its world-class technology by investing in innovation, research and development, and hiring the best talents to grow its team. The company plans to create close to forty new jobs over the next three years.

 

For more information, please contact PR Manager, Joanna Spirodek on 07804 730482 or joanna.spirodek@gridbeyond.com

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