Who supports adaptogen?

Adaptogen is supported by several strategic advisors with extensive experience across the energy storage and utility industries. Their insights into utility market design, project development & execution and technological advances in battery storage technologies provides an invaluable support to the Adaptogen board and its investors.

How many homes will adaptogen supply?

Beard said Adaptogen's 500 MW of storage will use lithium-ion battery technology. That would be enough to supply about 750,000 homes in the United Kingdom, according to a Reuters calculation based on National Grid data.

How many GW of power will adaptogen have?

An additional 15 GW of capacity is under construction or being planned, much of it by companies also investing in renewable power assets. Beard said Adaptogen's 500 MW of storage will use lithium-ion battery technology.

Will adaptogen capital build a home if grid supplies fall short?

In his first interview since leaving the commodities giant in 2019, billionaire Beard said his Adaptogen Capital investment fund planned to build storage with a capacity of at least 500 megawatts (MW) to power homes when grid supplies fall short. In his heyday at Glencore, Beard's team was trading as much as 7% of the world's oil.

Who is adaptogen capital?

Adaptogen actively engages with corporates and investors interested in the provision of flexible capital and insightful investment opportunities across the energy Transition. Adaptogen Capital offers insightful expertise to our investors and help them navigate the energy transition as sustainably and profitably as possible.

Why is adaptogen capital raising funds?

Adaptogen Capital's fund raising drive comes at a time when the United Kingdom's energy industry is facing one of its worst crises or decades. A perfect storm of low gas supplies globally has sent prices surging while wind and nuclear power have been unable to take up the slack.