Brandon Rennet appointed Chief Financial Officer

20 September 2021

20th September 2021, London: Storegga, the independent UK company pioneering carbon reduction and removal for a net zero world, announces the appointment of Brandon Rennet as CFO, effective 4th October 2021.

Brandon brings over 20 years’ experience working on critical national infrastructure projects. Prior to joining Storegga, Brandon has been CFO of Thames Water, the UK’s largest water company. Brandon also has 10 years’ of FTSE 100 experience at SSE plc in a range of senior finance roles, including Managing Director for Finance (2013 - 2017).

Brandon’s early career included a secondment to the Prime Minister’s Delivery Unit in the Cabinet Office, a period in British Energy’s American acquisition team based in Philadelphia and Toronto, and corporate finance advisory roles in both energy & utilities and public private partnerships. Brandon trained at Arthur Andersen where he qualified as a Chartered Accountant.

Nick Cooper, CEO Storegga said:

“It is terrific to welcome Brandon to Storegga. He brings a highly relevant, complimentary skillset to the Storegga management team as we move into the next phase of the Acorn Project and of our portfolio expansion. It is testament to the importance of our task and to the opportunities ahead of Storegga that we continue to attract such top talent. Our primary objective is to deliver the Acorn Project and associated Scottish Cluster; the UK’s lowest cost, most scalable and most advanced CCS project. Our secondary objective is to use this experience internationally and be an active player in the global roll out of carbon reduction and removal projects.”

Brandon Rennet, said:

“I look forward to joining Storegga and to playing an active role to help the world to decarbonise. Storegga is pioneering CCS and Direct Air Capture both in the UK, but also overseas, and I believe my experience in finance, energy, regulated industries and infrastructure will be beneficial to the business as it grows.”

ENDS

For further information please contact:

Camarco (PR and Media                    020 3757 4983

Monique Perks, Tom Huddart, Billy Clegg, Emily Hall

Madano (Public Affairs)                     07702 962043

Andrew Turner, Neil Stockley, James Watson

Notes to Editors

Storegga

Storegga is an independent, UK-based carbon management business at the forefront of the global Net Zero strategy. It aims to champion and deliver carbon capture and storage (“CCS”), hydrogen, and other subsurface renewable projects in the UK and internationally to accelerate carbon emission reductions.

Through its wholly owned subsidiary, Pale Blue Dot Energy, Storegga is the lead developer of the Acorn Carbon Capture and Storage (“CCS”) and Hydrogen project, providing essential infrastructure to help the UK meet its net zero targets.

The Acorn Project will provide critical backbone infrastructure for the Scottish Cluster. The Scottish Cluster unites communities, industries and businesses to deliver CCS, hydrogen and other low carbon technologies, supporting Scotland, the UK and Europe to meet net zero goals.

Storegga has partnered with leading engineering and technology groups at the forefront of their fields to accelerate infrastructure development. The Company has partnered with Carbon Engineering to develop Direct Air Capture (“DAC”) in the UK.

Storegga:(https://www.storegga.earth/)

For more information on Storegga, Pale Blue Dot or Acorn contact storegga_media@camarco.co.uk or 020 3757 4980

For more information on the Acorn CCS and Hydrogen Project, please visit: About Acorn – Acorn CCS - https://theacornproject.uk/about/