Role: 1099

 

Non-Executive Director (Non-Exec) is required with a background in sales and marketing within the renewable energy sector for our client based in the Enterprise Lab, Imperial College, London.

The business concept is to be an “Energy as a Service” provider (EaaS) where users can host solar panels for a discount on their energy bills plus commissions on surplus energy. 

The aim is to make renewable energy affordable for the average home and business using blockchain technology.

The company is looking to strengthen their Board with the appointment of three Non-Executive Directors to contribute to the growth of the company.

The Non-Executive Directors will be encouraged to become a shareholder in the Company to align the incoming Non-Exec’s interest with that of the existing Directors who are or plan to become shareholders.

Business Concept:

Our client was formed in 2019 at Imperial College, London with the idea of offering consumers the opportunity to have renewable green energy by using a Peer 2 Peer network run using blockchain technology.

  • Power generation is a leading contributor of greenhouse gas emissions.
  • Fuel poverty in the UK is on the rise, Ofgem reports a 10% increase in energy bills from 2017. Going off-grid is expensive, Households cannot afford solar installations.
  • There are no current incentives for solar installation in the UK which has fallen 94% since the halt of the feed-in-tariff.
  • Our client will provide their energy subscribers with freely installed solar panels, making it one of the top “Energy as a Service” provider (EaaS) in the UK and ushering in the era of peer-to-peer energy trading.
  • Company mission: to make renewable energy very affordable for the average home and business through energy sharing, powered by solar panels and blockchain technology. 

 

Market & Opportunity: 

  • The UK has over 21 million energy consumers. Energy accounts for 3.9% on average, of the UK household’s total expenditure. Ofgem reports Households and Businesses spend £55 billion on gas and electricity annually.
  • If our client is able to secure just 1% of the market our annual revenue would be well over £550,000,000.

 

Proposition: 

  • Our client is looking to close an 18-month investment round of £400,000 with the following milestones:
    • 50% product – blockchain development, energy supply licence, Patent filing
    • 35% Operations – Grant match funding, App and website development, Billing and CRM charges
    • 15% marketing – Product demos and trade shows, Advertising, Social media

 

Non-Exec Director Role/Requirements/Expertise:

  • The company seeks a Sales / Marketing Non-Executive Director as investor and advisor.
  • You will have a strong conviction to a greener future.
  • Experience as a statutory Director, preferably of a growth company (plc not necessary).
  • Experience of sales and closure of deals.
  • Knowledge of and contacts in other targeted markets.
  • Constructively challenging but supportive style.
  • Suggested initial investment of £25k minimum.
  • Sufficient time to prepare well and attend Board and Strategy meetings.
  • It is expected that the role will require approximately 2 days per month – more in the early stages.
  • The Non Exec will be encouraged to become a shareholder in the Company to align the incoming Non Exec’s interest with that of the existing Directors who are all shareholders. The company will be registered for the EIS scheme which provides 30% tax relief and up to 100% capital gains relief subject to status.

 

Application Closing Date:  Thursday, 10th September 2020

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