Faraday Grid Limited appoints former CEO of Techworks, Derek Boyd as Marketing Director for UK and Europe

Picture c/o: National Microelectronics Institute UK

Picture c/o: National Microelectronics Institute UK

Faraday Grid Limited appoints former CEO of Techworks, Derek Boyd as Marketing Director for UK and Europe

  • Faraday Grid hires long-term CEO of UK’s deep tech trade association as its Marketing Director for the UK and Europe
  • Derek Boyd will lead the introduction of Faraday Grid to UK and European markets

The systems design company Faraday Grid Limited (“Faraday Grid” or “FGL”) has appointed former Techworks CEO Derek Boyd as its Marketing Director for the UK and Europe.

Derek was CEO at Techworks (formerly the NMI) for fifteen years. Techworks is the Trade Organisation for semiconductors, electronics and deep tech in the UK & Ireland with a remit to represent the industry to Government, Academia and Policy-making organisations.

A leader in advanced technology; Derek will support Faraday Grid’s development of a break through technology the Faraday Exchanger, which addresses short-term volatility that destabilises grids and severely limits the economy’s ability to affordably address climate change. When deployed across the electricity grid, a network of Faraday Exchangers will enable significantly greater integration of renewable energy; increase grid stability and resilience to cyber-attack; as well as substantially contributing to reduced energy costs for consumers.

Faraday Grid was born in Australia where renewable energy adoption has created significant problems for grid stability and the economy. Having already developed a lab prototype proving the technology’s physics, the company moved its head quarters to Scotland in late 2016 to take advantage of the UK’s history in power systems.

Andrew Scobie, Executive Chairman of Faraday Grid Limited, said: “Derek was one of the Faraday Grid’s earliest champions in Europe. His outstanding technical ability and broad industry understanding has enabled Derek to grasp the full potential of the Faraday Exchanger. We are enormously proud that Derek has chosen to join our leadership team in this critical role, and know that he will make a truly significant contribution to building an energy system fit for centuries to come.”

Speaking on his appointment, Derek said: “I’m delighted to be joining Faraday Grid.  It’s an exciting challenge, an extremely strong team and I look forward to being part of building a great technology company with a base here in Scotland.”