'The potential for solar is huge': future looks bright for Lightsource Earlier this year reports emerged that some of Chinas biggest solar companies may have ties to Uyghur forced-labour camps in Xinjiang via polysilicon production. Follow along as he lays out the blueprint for his career, and takes us all the way from his first sketch to his thriving personal brand, Spunge. At 28 years old, Nick Boyle height is 193 cm and Weight 122 kg. It would be completely inappropriate for us to get all the upside and them to get some greenwashing. Deployment ramped up quickly, and between 2014 and 2016, the U.K. was the largest end market in Europe, overtakingGermany. Lightsource bp's Group CEO is Nick Boyle. Through its involvement in the firm, BP has been able to fling open doors that Lightsource wouldve otherwise struggled to move by an inch. "The target is 10GW by 2023," Nick Boyle told The National in an interview in Abu Dhabi. In February of this year, BP announced its intention to reachnet-zero carbon emissions by 2050 and revealedfurther details during a Septembercapital markets event. The potential for solar is absolutely huge.. We develop, finance, build and operate utility-scale solar power projects through smart and sustainable solutions. It takes a lot of energy. From that initial conversation, everything sort of snowballed and took on a life of its own. I already had experience in renewables in Europe, and it was clear to me that there was a great opportunity and a lot of potential in the proposition in the UK. Solar energy is expected to play a crucial role in helping BP meet its 2030 renewable energy target because solar farms can be rolled out far quicker than its plans to build offshore wind farms by the second half of the decade. Lightsource BP salary income and net worth data provided by People Ai provides an estimation for any internet celebrity's real salary income and net worth like Lightsource BP based on real numbers. Nick Boyle, Lightsource Renewable Energy: Profile and Biography - Bloomberg Markets Bloomberg Terminal Demo Request Bloomberg Connecting decision makers to a dynamic network of information,. It consists of more than 5,000panels that can generate enough electricity to supply 430homes in the area. We knew that the interest in solar and renewables was going to rise. That confidence that Lightsource BP has fed into that new strategy can also be illustrated through the numbers. Lightsource BP Founder: Nick Boyle How about Lightsource BP's number_of_employe? We are using cookies to give you the best experience on our website. The current team he plays for is Baltimore Ravens (january 2022). Nick Boyle: You make me sound very impressive. Belfast, Northern Ireland, United Kingdom 4K followers 500+ connections Join to view profile Lightsource BP About Nick is the Group CEO of Lightsource bp, overseeing all global operations and. Solar developer expects to take on 570 new employees this year, Its moving into markets such as South Korea and New Zealand, Photographer: Mike Plonsky/Lightsource BP. This is always an amusing one for me, Boyle says. The fact that we are able to deliver with confidence allows BP to believe that their early 2025 [interim target] is actually doable predominantly through solar, and thats important to them.. Nick Boyle - Group CEO - Lightsource BP | LinkedIn Today were building projects in the U.K. andselling the electricity for 0.04. Musk Made a Mess at Twitter. Weve got a predominantly [Organisation for Economic Co-operation and Development]-focused footprint at the moment. It wouldve been easy to accuse BP of greenwashing. The potential for Lightsource BP appears to be just as bright. Carbon Recycling: Microbes, Jet Fuel and Leggings. Research and development spending and scope has increased since last year, and Lightsource Labs the main element of a wide-ranging R&D arm that spans from Greece to Palo Alto now examines everything from a 10-year range, something which Boutonnat described as a big step for the company. Boyle was drawn to the solar industry from a background in retail financial services, selling a little bit to a lot of people, because he recognised solar powers long-term predictable returns as the Holy Grail of small volume investments. You can find out more about which cookies we are using or switch them off in settings. [citation needed] In 2013, Lightsource completed a 5MW rooftop solar PV installation at Bentley Motors' factory in Crewe. Heres How It Worked and What It Cost, Congress Passes Spending Bill With Solar, Wind Tax Credit Extensions and Energy R&D Package, Global solar PV operations & maintenance (O&M) 2020. PV is, in 60% of those countries the cheapest form of electricity generation. Lightsource bp Global CEO Nick Boyle speaks about the company's ambitious new target, and how they plan to achieve 25GW by 2025.----- Learn more about u. More recently, its projects have been performing at the top end of that range, he said. Floating solar, bifacial modules and the central versus string inverters debate sit on Lightsource BPs immediate R&D list at the moment. Free intelligence and insights from industry experts and leading companies on the global energy transformation. When we laid out the Reimagining Energy strategy, the only speaker, other than our CEO Bernard Looney, was Nick Boyle. That wasn't due to a dearth of other speakers BP could have picked, he joked, but because Boyle could "demonstrate what we had done that had given us confidence for the future. Yes, said Sanyal. Founder Nick Boyle explains how Lightsource will help power one of the biggest corporate transformations ever attempted. Will His AI Plans Be Any Different? Boyle, predictably, doesnt buy the greenwashing argument, but has good reason not to. 2023 Lightsource. [4], In 2016, the company launched Europe's largest floating solar project at the Queen Elizabeth II Reservoir, in Walton-on-Thames. Lightsource BP Completes Financing on 260 MW Solar Project in Texas With an Energy Crisis Brewing, No Peak in Sight for Emissions, Why TransitTech Is So Vital to Struggling Public Transportation Systems. And fresh business brings fresh growth. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. In his role as Group CEO, Nicks dynamic leadership and vision has driven the company to tremendous success and in December 2017, Lightsource. And the relationship between BP and Lightsource has however gone further, and is now more symbiotic than anything else. Nick Boyle Biography, Age, Height, Wife, Net Worth, Family Making light work - 10 years of solar success - LinkedIn But the additional cash fund will be used to fast-track that ambition to 25GW by 2025, and the growth is likely to create more than 500 additional jobs within Lightsource in that time. Why would we go to a market where BP arent, when we could go to a similar where they are, and get afforded all of that extra support, Boyle says. Personally, I find that half of the fun of my role is all that there is to do. It has also agreed a deal to supply electricity to Amazon from an existing solar farm in Ohio, and to supply power to BP service stations from solar farms in New South Wales, Australia. Batteries are helping to optimize the power grid and opening up new applications and services for utilities and service providers. Suddenly, government-backed energy offtakers and bankable counterparties alike are keener to do business. Oils $128 Billion Handout as Doubts Grow About Fossil Fuels, Your Saturday Briefing: Trumps Comeback Plan, Wall Street Whistles Away, British Parents Turn to Home Equity to Help Young Buy Property, Japanese Unions Seek Biggest Pay Rise in 25 Years for Workers, Sorry, Fed, Most US Mortgage Rates Were Locked In During Pandemic Lows, Porsche, Ferrari E-Fuel Push at Heart of EU Engine Debate, Amazon Is Closing Its Cashierless Stores in NYC, San Francisco and Seattle, Alphabet Must Negotiate If Contract Staff Unionize, Labor Board Official Rules, OpenAI Rival Stable Diffusion Maker Seeks to Raise Funds at $4 Billion Valuation, Twitter Revenue, Earnings Fell About 40% in December, WSJ Says, Turkeys Erdogan Criticizes Rivals Over Candidate Squabbles, Between Rounds of Golf, Trumps Searching for the Perfect DeSantis Diss, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, The Exhibit Reality TV Show PittingArtist Against ArtistIs No Masterpiece. Lightsource BP to double solar expansion by 2025 - Irish News This is about, from a business perspective, both of us winning. The joy of working for Lightsource bp is having the freedom and the responsibility to go out and achieve things. Check out Lightsource BP's net worth in US Dollar Aug, 2022. . After what he calleda period of strategic introspection, which included scrutinizing35 companies,BPmade itsinitial $200 million investment in Lightsource in 2017, creating Lightsource BP. All rights reserved. [2] At the same year, the company established teams in North America, the Netherlands and India. His responsibilities include debt and equity fundraising for all solar asset developments, project investment structuring and M&A. What the Frack Is Happening With Natural Gas Prices? But BPs Sanyal told GTM it never lost its interest in solar. The new target is now for Lightsource BP to more than double its planned solar rollout, to 25GW by 2025. If we're going to meet the commitments of the Paris Agreement, business as usual isn't going to cut it. Thats a very different bet to digging a hole and wondering whether youll hit gas or oil, and how much, and what itll cost to get it out, and what the market price will be when you get it out, he says. Lightsource is routinely mentioned within BPs messaging and Boyle says this is all down to the majority of oil and gas companies realising that energy markets are changing worldwide. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX, Chief Executive Officer, Lightsource Renewable Energy. With headquarters in London, the Lightsource is now active across EMEA, The Americas and APAC. Tomorrow marks one year to the day since BP announced a US$200 million (148 million) investment in solar developer Lightsource, in a move which saw the energy giant return to the solar sector by picking up a 43% stake in the London-based firm. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, No Major Offer Expected on Childcare in UK Budget, Biden Gives Medal of Honor to Trailblazing Special Forces Member, Climate Change Is Launching a MutantSeed Space Race, UK Braces for Rare Weather Event That Risks Late-Winter Freeze, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? This itself is causing something of a headache for the firms HR team, one thats been somewhat exacerbated by the level of interest the company is now generating from would-be hires. Paul McCartie, Group Chief Investment Officer. Nick Boyle- Executive Bio, Work History, and Contacts - Equilar BoardEdge Lightsource BPs initial goal was to use the oil giants financial muscle to grow a 1.6 gigawatt pipeline of solar projects to a portfolio of 10GW of solar investments by 2023. Ongoing US sanctions against Chinas solar supply chain threaten to raise costs, and slow the pace of the industry globally. Lightsource also plans to build an extra 9GW of solar farms exclusively for the oil corporation as part of BP's plan to grow its renewable energy capacity 20 fold by the end of the decade. In the future, demand for solar electricity will be fuelled by two things: the boom in low-cost batteries that mean solar can be used at any time, and the desire to produce green hydrogen made from renewable electricity and water which will mean solar will effectively be used anywhere from sea to train to plane. We don't have much information about He's past relationship and any previous engaged. Check out all of our energy storage resources. [6] The company was accordingly renamed Lightsource BP. Nick is Global CEO and founder, starting up Lightsource Renewable Energy in 2010. Lightsource BP won the offtake contract through a 450MW tender process. Lightsource bp Global CEO Nick Boyle speaks about the company's ambitious new target, and how they plan to achieve 25GW by 2025.-------------------------------------------------- Read more about: Lightsource bp - an international solar business: https://www.lightsourcebp.com/ Our innovative solar farms and solar energy projects: https://www.lightsourcebp.com/projects/ How we contribute to global sustainability through responsible solar projects: https://www.lightsourcebp.com/sustainability/ Latest news and insights about renewable energy and our solar power projects: https://www.lightsourcebp.com/news/ Our career opportunities and culture: https://www.lightsourcebp.com/careers/ ---------------------------------------------- Follow us on: Twitter: https://twitter.com/lightsourcebpLinkedIn: https://www.linkedin.com/company/lightsourcebpInstagram: https://www.instagram.com/lightsourcebp ---------------------------------------------- Subscribe to our YouTube channel: https://www.youtube.com/user/LightsourceSolar Watch our project videos: https://www.youtube.com/watch?v=APeV6w3NJXU\u0026list=PLBvK2q4_2ziphjtA764FSS5D9csdmVUvi Watch our educational videos: https://www.youtube.com/watch?v=XwdKPNRIWls\u0026list=PLBvK2q4_2ziqGufApfrbMHHSTcmNOemYO -------------------------------------------------- About Lightsource bp: Lightsource bp is an international solar business. partnership with global energy company bp, resulting in a 50:50 joint venture and the company rebranding to Lightsource bp. At the end of the day there shouldnt be a trade-off between the advantages of renewables and the disadvantages of individuals being put through hardship, he says. Among those strategic firms were BP and another oil and gas giant, with BP eventually coming out victorious. According to our Database, He has no children. Boyle has said on the record that Lightsource BP is already hitting 8 to10 percent as a global average. Joined 2010, UK I co-founded Lightsource in 2010, and the whole thing came about almost completely by accident. Group chief executive Nick Boyle said: Globally, renewable energy is shifting from a mindset of gigawatts to terawatts. To date, Lightsource bp has deployed several GW of utility-scale solar projects globally and is executing a significant international project development pipeline as part of its industry-leading ambition to develop 25GW of solar by 2025. Two years later that stake was increased to create the 50:50 joint venture in place today. BP is evidently opening doors not just in new markets but, as Boyle puts it, those two letters on the end of the name just completely change the way individuals read what theyre doing. articles a month for anyone to read, even non-subscribers! Dating & Relationship status He is currently single. The Grid Edge comprises technologies, solutions and business models advancing the transition toward a decentralized, distributed and transactive electric grid. Boutonnat explains how whereas in the past there may have been eight applicants for each role, theres now 75, and the calibre of talent approaching the business has soared since the BP announcement was made. Lightsource's search coincided with BP's hunt for a solar developer to partner with. He is not dating anyone. Procurement agreement with US-based manufacturer. Lightsource is Europe's largest solar development company, focused on the acquisition, development and long-term management of large-scale solar projects. Where Will DOE's Loan Program Make the Next Climate Tech Investments? Nick Boyle's net worth is currently estimated at $7 million. UK Government unveils 5 million Heat Training Grant as skills shortage concerns grow, OVO launches EV charging tariff three times cheaper than UK average, Shapps sets out objectives for DESNZ at crucial turning point for Britains energy resilience, DESNZ must review plans to achieve offshore wind and nuclear targets, says National Audit Office, Ofgem publishes proposals for a new local, flexible energy system. At the company'sSeptembercapital markets event, Sanyal presented a slide demonstrating how BP planned to get 8 to10 percent returns from low-carbon electricity of all forms. It all began at the end of 2010, when Lightsource Renewable Energy set up shop with six people crammed into a tiny corner of a London office. The future in hydrogen alone makes the 25GW target look small. Europe, Menlo Park, China), This describes the type of investor the person is (e.g. Nick Boyle's Net Worth (2022), Wiki And More Facts Those numbers might sound as ridiculous as selling U.K. solar power for 0.04 per kilowatt-hour sounded in 2010. It might not be perfect in every case its not trying to be its trying to be part of the mix, he says. Claire Skinner: You are terribly impressive. And big companies like Amazon, McDonald's and eBay are switching to clean energy. Nick Boyle Nick Boyle Group CEO, Lightsource bp Published Dec 1, 2020 + Follow This month, our business becomes ten years old. Its time to start taxing shareholder payouts, Profits at worlds seven biggest oil firms soar to almost 150bn this year, British Museum urged to drop BP sponsor deal for Egypt exhibition, BPs joint solar venture Lightsource BP to more than double expansion by 2025. Couldn't agree more Nick, also amazing that BP is the first super-major energy company to make such a commitment. This website uses cookies so that we can provide you with the best user experience possible. Nick Boyle, group CEO, also described the market potential of solar as "absolutely ridiculous". Learn how and when to remove this template message, National Investment and Infrastructure Fund, "Solar farm to provide third of Belfast International Airport's power", "BP returns to solar with investment in Lightsource", "Shiny panels and a sure thing, Nick's story", "Bentley, Lightsource in Rooftop Solar Power Project", "Europe's largest floating solar farm powers up", "BP Re-Enters Solar Power Market With $200 Million U.K. Deal", "Lightsource BP to accelerate global solar growth with further investment from BP", "Lightsource bp secures $540m funding for solar developments", https://en.wikipedia.org/w/index.php?title=Lightsource_BP&oldid=1129683911, Renewable resource companies established in 2010, Articles needing additional references from November 2020, All articles needing additional references, Articles with unsourced statements from December 2017, Articles with unsourced statements from September 2020, Creative Commons Attribution-ShareAlike License 3.0, Development and operation of solar power farms, This page was last edited on 26 December 2022, at 17:05. Three years ago nobody was talking about green hydrogen in any great degree of analysis,Sanyal said. He is a member of Lightsource bp's investment committee and a board director. Throughout his career, Nick has always been recognised for his entrepreneurial skill and success in pairing retail financial products with low-risk, predictable investments. The wind industry is in a period of intensifying competition and shifting demand that requires a multi-faceted view of the global market. With Lightsource now a decade oldand its partnership with BPinits fourth year,Lightsource BP CEO Nick Boyle and Dev Sanyal,BPs EVP for gas and low-carbon energy,spoke to GTM about their progress thus far and what the next 10years may hold. In that year, Lightsource BP also signed a 25-year power purchase and asset acquisition agreement with Mid-Kansas Electric Company in Stanton County, Kansas, United States. In 2017, oil major BP took a 43 percent stake, which has since been converted into a full 50-50 joint venture. They just have this very can-do, empowering mentality that suits us perfectly, Boyle says. On this Wikipedia the language links are at the top of the page across from the article title. Lightsource BP was one of the companies that sourced their panels and components from the companies linked to Xinjiang, albeit prior to 2016 when the state-sanctioned abuse of Uyghur communities began to gain international attention. In the past year Lightsource BPs headcount has risen by around 20%, and theres still at the time of writing another 64 vacancies to fill. Commenting on the announcement, Nick Boyle, Lightsource BP CEO, said: "We are delighted to welcome Kevin to Lightsource BP.