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£100million raised to build new power stations

8th May 2018

Funding secured by Green Frog Power – from Lloyds Bank Commercial Banking, HSBC and NIBC Bank – will finance 11 new gas-fuelled sites to be built across the UK, from Plymouth to Newcastle. Once online, the power stations will help ensure the UK’s energy resilience, allowing renewable sources to contribute more power to the grid.

The new sites are set to boost total portfolio output to 750MW – enough to power more than a million homes. The addition of the new plant will help Green Frog to increase its presence in the traded UK energy markets and to secure more long-term contracts with National Grid PLC, which is responsible for balancing the supply and demand of power in the UK.

As one of the leading developers of fast-starting, gas-fuelled power stations, our plant ramps up to full output within five minutes. This enables it to quickly provide power to homes whenever output – including from renewable energy sources – is low.

Having been established by Jeremy Taylor and Mark Jones in 2009, the business now has an annual turnover of £250million. It currently operates 33 stations across the country and is looking to increase its capacity to 2GW in the next five years. The £100milion facility has an additional £50million ‘accordion’ that allows GFP to build another 110MW of plant.

Jeremy Taylor, director and co-founder at Green Frog Power, said: “We’re delighted to have closed another deal with our long-term banking partners, who have again shown a sophisticated understanding of a complicated but fruitful market. The new plant will allow us to continue to solve the ever-increasing problems caused by intermittent renewable energy.”

Jemal Omar, relationship director at Lloyds Bank Commercial Banking, which supplied £55.5million of the funding, said: “Green Frog Power is at the forefront of Britain’s move towards low-carbon fuel by reinforcing the country’s energy resilience. The growth of gas-fuelled power has steadily increased in recent years as issues surrounding fossil fuels have been brought into the spotlight. Supporting businesses like Green Frog Power that are tackling this is one of the ways we’re helping Britain prosper.”

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£100million raised to build new power stations

8th May 2018

Funding secured by Green Frog Power – from Lloyds Bank Commercial Banking, HSBC and NIBC Bank – will finance 11 new gas-fuelled sites to be built across the UK, from Plymouth to Newcastle. Once online, the power stations will help ensure the UK’s energy resilience, allowing renewable sources to contribute more power to the grid.

[More]

Zero injuries onsite in over 20,000 hours worked

6th February 2018

Our latest 20MW embedded gas plant, at Cattedown Business Park in Plymouth, was completed ahead of time, with zero injuries.

Working closely with Green Frog Connect, the project was completed to tight timescales after winning a capacity market obligation in National Grid’s Early Auction on 3rd February 2017, for delivery by October 2017. Located on a challenging site, the plant occupies a site previously utilised as a tip for building material and a quarry. Despite the tight timescales, the site was generating and available for export from mid-September, and is now available to respond to Capacity Market Warnings issued by National Grid.

[More]

Green Frog commission third CM power plant in Oxfordshire

Green Frog have successfully commissioned its third gas fired power plant in only two months.

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Gas fuelled Capacity Market Power plant opens

Green Frog Power are please to announce the completion and successful testing of their first gas fuelled power plants at the Drove in Bridgewater Somerset and at Grange Road in Letchworth Bedfordshire.

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Carbon Offset

Green Frog Power are pleased to announce that they have committed to being a carbon neutral company in 2016. The Clean Development Mechanism established by the Kyoto Protocol enables governments and private companies to earn carbon credits that can be traded or used to offset the carbon they may generate.

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Its official - We are now a gas shipper!

Green Frog have recently been awarded a gas shipper licence and we couldn’t be happier.

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Latest News

£100million raised to build new power stations

8th May 2018

Funding secured by Green Frog Power – from Lloyds Bank Commercial Banking, HSBC and NIBC Bank – will finance 11 new gas-fuelled sites to be built across the UK, from Plymouth to Newcastle. Once online, the power stations will help ensure the UK’s energy resilience, allowing renewable sources to contribute more power to the grid.

[More]

Zero injuries onsite in over 20,000 hours worked

6th February 2018

Our latest 20MW embedded gas plant, at Cattedown Business Park in Plymouth, was completed ahead of time, with zero injuries.

Working closely with Green Frog Connect, the project was completed to tight timescales after winning a capacity market obligation in National Grid’s Early Auction on 3rd February 2017, for delivery by October 2017. Located on a challenging site, the plant occupies a site previously utilised as a tip for building material and a quarry. Despite the tight timescales, the site was generating and available for export from mid-September, and is now available to respond to Capacity Market Warnings issued by National Grid.

[More]