Energy software developer Arenko has appointed ENGIE’s Eddie Siow as chief financial officer (CFO).
Siow has been working in the energy and financial sectors for 17 years, and most recently has been finance director at ENGIE Futures, managing its £150 million revenue portfolio of heat networks, electric vehicle charging and distrusted and renewable generation. He is also a board member for ENGIE’s wind and solar assets.
Prior to this, he was a director in the investment bank at Barclays, where he led and executed M&A and capital raising transactions focusing on power, utilities, renewable energy, regulated networks and infrastructure.
Rupert Newland, founder and CEO of Arenko Group, said he was delighted to welcome Siow.
“Eddie’s significant financial experience and deep sector expertise in grid scale and distributed renewable energy will greatly enhance our management team. Eddie will provide the financial expertise necessary to enable Arenko to facilitate a global transition to a zero-carbon future.”
Arenko had a busy 2021, signing contracts to optimise Foresight’s 50MW Sandridge energy storage asset and Vattenfall’s 22MW/16MWh battery, as well as beginning optimisation of Gore Street Energy Storage Fund’s 10MW battery asset.
In February, it also became the first provider to qualify a non-Balancing Mechanism Unit while complying with Dynamic Containment's requirement for real time monitoring.
Siow said: “I look forward to joining the Arenko team and contributing to its next phase of growth as we work towards creating a zero-carbon grid.”