Helius Energy

Helius Energy is a biomass energy development company delivering a portfolio of projects. Since the company’s admission to AIM in January 2007, Helius has met its original targets.

During September 2008 Helius sold its Stallingborough 65MWe Net Capacity project, as planned.

In August 2009 a joint venture, Helius CoRDe Ltd, was formed with the Combination of Rothes Distillers, comprising the major distillers of Speyside in Scotland. CoRDe  was formed to take forward the 7.2MWe Net Capacity CHP project which Helius has been developing since before its admission to AIM. On 13 April 2011, Helius announced financial close for this project, bringing in additional equity investment from Rabo Project Equity BV and debt funding from Lloyds TSB Bank plc and the Royal Bank of Scotland plc, enabling the project to progress into construction.

Sale of the Stallingborough project provided sufficient funds for the development of the existing portfolio of projects.

Helius has strengthened its team, increasing its capacity for site selection, consenting and engineering procurement.

In November 2008 Helius announced proposals to promote a 100MW biomass fuelled electricity generating station on a site within the operational area of the Port of Bristol at Avonmouth. On 26th March 2010, the Department of Energy and Climate Change granted consent under S36 of the Electricity Act 1989 and gave deemed planning permission for the project. This project is progressing well towards a complete suite of commercial contracts that will enable funding to be sought and with positive developments regarding CoRDe there is positive interest amongst prospective partners.

In August 2010 Helius announced proposals to promote a 100MW biomass fuelled electricity generating station on a site within the Western Docks of the Port of Southampton. A dedicated project website (www.southamptonbiomasspower.com) was launched in November 2010 at the start of community consultation on the proposed scheme and provides further information on the proposals.

Further sites are being progressed.

Helius Energy is a responsible and ethical company and is totally committed to being a sustainable business. The company’s Sustainability Policy is designed to ensure ecological, social and climate change impacts are minimised, particularly in its feedstock procurement, to ensure the business exceeds UK and EU targets associated with these areas.

Helius Energy is a biomass energy development company delivering a portfolio of projects. Since the company’s admission to AIM in January 2007, Helius has met its original targets.

During September 2008 Helius sold its Stallingborough 65MWe Net Capacity project, as planned.

In August 2009 a joint venture, Helius CoRDe Ltd, was formed with the Combination of Rothes Distillers, comprising the major distillers of Speyside in Scotland. CoRDe  was formed to take forward the 7.2MWe Net Capacity CHP project which Helius has been developing since before its admission to AIM.

Sale of the Stallingborough project provided sufficient funds for the development of the existing portfolio of projects.

Helius has strengthened its team, increasing its capacity for site selection, consenting and engineering procurement.

In November 2008 Helius announced proposals to promote a 100MW biomass fuelled electricity generating station on a site within the operational area of the Port of Bristol at Avonmouth. On 26th March 2010, the Department of Energy and Climate Change granted consent under S36 of the Electricity Act 1989 and gave deemed planning permission for the project.

Further sites are being progressed.

Helius Energy is a responsible and ethical company and is totally committed to being a sustainable business. The company’s Sustainability Policy is designed to ensure ecological, social and climate change impacts are minimised, particularly in its feedstock procurement, to ensure the business exceeds UK and EU targets associated with these areas.

Helius Directors

Chairman

Keith Henry, Non-Executive Chairman

Keith has over 30 years international business experience in the development, financing, ownership, design and construction of electricity, oil and gas, civil and process related organisations, during which time he was Chief Executive of National Power plc, Kvaerner Engineering and Construction plc and Brown & Root Limited.  In recent years he has held a number on senior non-executive roles, including Chairman of Burren Energy plc, Chairman of Petrojarl ASA, Deputy Chairman of PGS ASA, and as a director for Enterprise Oil plc, First Calgary Petroleums Limited and South East Water Limited.   He is currently the Chairman of Regal Petroleum plc and the Senior Director of Sterling Energy plc.

Trained as a civil engineer, Keith holds a BSc from the University of London and a MSc from Birmingham University.  He is a Fellow of the Institution of Civil Engineers and a Fellow of the Royal Academy of Engineering.

Executive Directors

Dr Adrian Bowles MEI CEng PhD BSc(Eng), Chief Executive Officer

Adrian is a Chartered Energy Engineer and holds a PhD in fluid mechanics. He specialises in renewable energy and sustainable energy project development and implementation. He was involved in research aimed at improving the efficiency of nuclear reactor boiler tube bundles for Electricity de France and the Central Electricity Generating Board. Adrian also successfully managed the development process for the portfolio of power purchase agreements for an independent biofuels company, which included developing a subsidiary company aimed at exploiting the growing requirement for energy crops and land remediation. Since 2004, he has been a principal consultant to SgurrEnergy Ltd assisting on biomass, liquid transport fuels, hydrogen and waste to energy projects. He has considerable experience in corporate and project finance, contracting and contract negotiation in a difficult market place. He is a member of the Energy Institute and contributes to this forum.

Alan Lyons ACMA, Chief Financial Officer

Alan has more than 19 years of experience within the energy sector. He began his accounting career with GEC in 1989 and has since held various positions in ABB Alstom, Alstom and most recently Siemens. During this time Alan has worked within businesses that design, manufacture, install and service rotating equipment within the power generation, and oil and gas markets. He has gained considerable experience of capital equipment sale, turnkey project management, financial systems implementation, and also overseas business start ups.

Christopher Corner BSc. MSc. MBA, Commercial Director

Chris holds a BSc in physics, a MSc in engineering ceramics and a MBA. With experience covering engineering materials, commodity chemicals, cables and the public sector he has delivered major change programmes in T&N and ICI and established a new joint venture with Hitachi Cable for BICC. Chris acted as head of inward investment in setting up Renaissance South Yorkshire a regeneration delivery body in South Yorkshire.

Non-executive Directors

J Barclay Forrest OBE, Non-executive Director

Barclay farmed in Berwickshire and developed one of the UK´s largest drying, storing and haulage businesses for barley, wheat and rapeseed. He is a former Vice President of the Scottish NFU and past Chairman of British Cereal Exports where he was responsible for promoting to Europe, North Africa and China. He was Vice President of The China Britain Business Council, responsible for Food and Agriculture. Other positions held by Barclay include: Chairman of Oxford Farming Conference 2003; Winner of the Royal Agricultural Award 2004; Chairman of The Farmers Club, Whitehall 2005; and Non-Executive Director of D1 Oils plc.

John Seed, Non-executive Director

John has over 15 years´ experience within renewable energy and sustainable systems. He has worked for several of the UK´s largest renewable energy companies, served as director on key trade associations and advised government and local authorities on the formulation and implementation of policy for the promotion and implementation of the UK´s renewable energy industry. John is currently a member of the Renewables Advisory Board, which provides advice to the UK Government on a wide range of renewable energy issues.

David Brocksom, Non-executive Director

David Brocksom was appointed to the Board in December 2009 as a non-executive director and chairman of the Audit Committee. He is currently Finance Director at UK Coal plc, and was previously Finance Director of Pace Micro Technology plc and Avesco plc and has worked in a number of UK listed companies, for over 15 years as a Board member. He qualified as a Chartered Accountant with Price Waterhouse having read Law at Cambridge University.

Angus MacDonald OBE, Non Executive Director

Mr MacDonald has extensive experience of investing in the forestry industry and in 2007 founded and is chairman of Specialist Waste Recycling Limited, which is an integrated waste management company with an innovative approach to collection and recycling. Prior to this he was Chief Executive Officer of eFinancial Group for 11 years, which was sold to Dow Jones and Dice Inc for £79m in 2007.

In addition to the above, Mr Macdonald was a director of Noble Group Limited until 2007, was a director of Glenshian Limited until 2006 and is a director of Roshven Restorations Limited.

At 12 July 2011 the total number of Ordinary Shares in issue was 91,574,157.

At 12 July 2011 the percentage of AIM securities which are in issue that are not in public hands as defined in the AIM rules was in aggregate 31,902,598 representing 34.84% of the issued share capital.

At 12 July 2011 the identity and percentage holdings of significant shareholders was: 

• Mr and Mrs Angus MacDonald – 21,036,410 (22.97%)
• Fidelity (UK) – 7,721,800 (8.43%)
• Mr and Mrs Christopher Corner – 5,558,242 (6.07%)
• Mr and Mrs David Sonnerberg – 5,261,500 (5.75%)
• Strathclyde Pension Fund – 3,682,883 (4.02%)
• Hawkwood – 3,300,000 (3.60%)
• John Seed – 3,277,473 (3.58%)
• Adrian Bowles – 2,027,473 (2.21%)
• Alan Lyons – 3,000 (0.00)

There are no restrictions on the transfer of Helius Energy Plc shares.

Updated from Helius Energy's website on 16.09.11