Cleen Sun Executive Summary:
Three Non-Executive Directors (Non-Execs) are required for our client Cleen Sun, an ESG start up in the clean energy sector, based in Northwood, Middlesex.
The business was established to develop a zero emissions clean energy system with a patented, innovative combustor assembly - Cleen Sun - which when fitted to existing process and power applications can increase net energy efficiency by up to 30%.
Cleen Sun is capable of operating across a variety of gaseous feedstocks, which while producing power, is effectively an energy efficiency tool, by virtue of the fact it requires no additional raw fuel to produce electricity. As such, on an incremental generation basis, it is effectively a zero-carbon technology.
The business was established to develop a zero emissions clean energy system with a patented, innovative combustor assembly - Cleen Sun - which when fitted to existing process and power applications can increase net energy efficiency by up to 30%.
Cleen Sun is capable of operating across a variety of gaseous feedstocks, which while producing power, is effectively an energy efficiency tool, by virtue of the fact it requires no additional raw fuel to produce electricity. As such, on an incremental generation basis, it is effectively a zero-carbon technology.
The Non-Executive Director 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:
A market assessment has been completed, identifying the below applications, that collectively represent a >£58Bn a year market for product supply and servicing, under mature/established conditions. Power generation is a leading contributor of greenhouse gas emissions and the Cleen Sun technology makes a significant reduction in emissions through improving efficiency
- CCGT (combined cycle gas turbines)
- Integrated steel mills – thermal power generation plant
- Integrated steel mill – production reheat furnaces
- Flat/float glass – raw material melt furnace
- Domestic boilers
Since 2015 the company has invested over £400,000 in the development of the technology which is now at TRL 4 level (‘proof of concept’) - this investment has come from 6 shareholders. In the past 18 months the company has fostered technology development relationships with the Universities of Sheffield and Birmingham to deliver a prototype, along with large established industrial partners in the glass and steel sectors.
Non-Exec Directors' Role/Requirements/Expertise:
- Experience as a statutory Director, preferably of a growth company (plc not necessary).
- Constructively challenging but supportive style.
- 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. A suggested initial investment of £50,000 is sought other sums may be considered dependent on experience.
Applying for the role:
Candidates who feel they meet the above criteria are invited to apply having first registered their CV with First Flight Non-Executive Directors (if they have not already done so – there is no charge) by using our “Apply For Role” tab for the relevant role and completing the application form explaining how they match the key criteria we have set out for the role.
Product Director - Role No. 1111
Finance Director - Role No. 1112
Energy Director - Role No. 1113
