Faraday Grid, the global energy technology company, has announced that Adam Neumann, co-founder and CEO of WeWork, has made a £25 million investment in the company. The collaboration supports Faraday Grid’s ongoing global expansion, including in the UK, United States, Japan, Australia and Europe. It will also accelerate commercialisation of the company’s Faraday Exchanger technology with project partners worldwide.
We are pleased to announce that Faraday Grid has made a series of senior hires as the company continues to build and strengthen its global presence. Dr Irene Di Martino joins as Chief Systems Architect; Oliver Buckley joins as Head of Communications; John Prime joins as Head of Regulatory Affairs, UK and Europe; Mark Stultz joins as VP Regulatory Affairs, North America.
Faraday Grid has announced an agreement with the UK’s leading distribution network operator, UK Power Networks, for it to trial the world’s first Faraday Grid, a ground-breaking technology that could redefine how the electricity grid works. The agreement will see the world’s first Faraday Exchangers deployed in UK Power Network’s existing London network for live testing in spring 2019.