The Board of Directors of 1414 Degrees is pleased to announce the appointment of Jamie Summons to the new role of Managing Director. Jamie will join the Company on 4 January 2021.
Kevin Moriarty, Executive Chairman welcomed the appointment stating: “We have undertaken a thorough selection process, which identified several excellent candidates, and I have great pleasure in announcing Mr. Summons as the new Managing Director of 1414 Degrees. His extensive financial experience, strategic vision and energy market familiarity will boost 1414 Degrees’ capabilities. It is my intention to move to the non-executive chairman role after a transition period.”
Jamie comes to 1414 Degrees with multi-faceted experience gained from senior management positions at TXU, Energy Australia, Barclays Capital and, most recently, at Swiss Re, where he was responsible for Swiss Re’s weather and energy business across Asia Pacific. He has an in-depth understanding of the challenges and opportunities for companies in today’s volatile economic climate.
His diverse range of skills in people management, strategy, energy trading, business development, and M&A will enhance 1414 Degrees’ technical and commercial future while his experience with renewable energy joint-ventures, connection agreements and network risk modelling will benefit the Aurora Solar Energy Project.
Mr Summons said: “I am honoured to be appointed Managing Director of 1414 Degrees and look forward to working with the team to drive the company forward. I see great potential in our technology and its revenue outlook.
The energy industry is undergoing a transformation and we are in the right place and at the right time – low-cost, long-duration storage is needed to deliver secure and reliable renewable electricity and heat.”