David Beeston

David Beeston

Director – Energy Storage & Grid

I lead Hyperion's Energy Storage practice in Europe, covering the Battery value chain (cell to system), Stationary ESS, and Storage & Grid Digitalisation. I specialise in C-Suite and Senior-level assignments across Commercial, Operational & Technical disciplines.

Prior to Hyperion, I spent 10 years in executive search for international energy & chemicals, engineering, and digitalisation sectors, which has given me a holistic industry outlook and broad network reach. I'm passionate about building relationships with energy storage and grid leaders and I regularly network at industry conferences and events around Europe, including Energy Storage Summit, Smarter E, and Future Battery Forum. I am excited about building out the Energy Storage team at Hyperion as the sector is growing so quickly!

Outside of work, you'll find me exploring new cities and countries, watching my beloved Wigan Warriors rugby league team and Manchester United (amongst a Hyperion team of Liverpool fans!), or being outdoors with my wife Shell and dog Boston.

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25 November 2025

November's Energy Storage News & Views

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As we approach year's end and the holidays season, it's a period of both reflection and planning for everyone.

2025 has been a rather turbulent year for the sector, with sweeping policy reforms, global trade wars, and an investment squeeze. For many, it's been a year of consolidation, or in some cases survival. However, in BESS it has driven an even deeper focus on extracting maximum ROI from every project and a more considered approach throughout the project lifecycle - every decision is now scrutinised with a significant importance placed on clear data. What has encouraged me is the collaboration I'm seeing between developers, asset owners, optimisers and O&M / Asset Managers.

From a talent perspective, it' safe to say we're experiencing a "soft" market at the moment. Here's my advice to business leaders thinking this is an opportunistic time for a quick win hire... be careful!


Events

Recently Hyperion co-hosted the Climate Coffee event - a breakfast networking event at our offices in London. A real success with 60+ people in attendance - we look forward to hosting another in the future!

 


Market News

Global Deployments To Date 39% Up

Cumulative BESS deployments in the first ten months of the year have now reached 156GWh, up 39% year-on-year, according to recent research by Rho Motion mainly dominated by China (no shock there!)


Europe Close To Reaching Key Deployment Milestone

Europe is now on the verge of hitting a huge deployment milestone this month - it is expected the region will reach 100GW of cumulative energy storage deployments, according to new analysis from LCP Delta and Energy Storage Europe Association.

Article content
Image from Energy Storage Europe / LCP Delta

It's interesting to take a look at the technology breakdown too - over 50% of total deployment is Pumped Hydro with the rest mainly made up of Electrochemical Storage (Batteries, Flow Batteries etc). Interesting, behind-the-meter deployments outweigh front-of-the-meter deployments so far, but from now to 2030 utility-scale BESS is set to soar. The BtM numbers are mainly down to huge residential growth over recent years, but and commercial and industrial (C&I) is gathering pace with installations expected to go beyond 1GW by 2030.


Toyota opens US battery plant, confirms $10 billion investment plan

Toyota has confirmed plans to invest $10 billion over five years in U.S. manufacturing with a firm commitment to Battery manufacturing, as it begun production at its $13.9 billion North Carolina battery plant. This site will be able to produce 30 GWh annually at full capacity and house 14 battery production lines for plug-in hybrids and full EVs. It will eventually employ 5,000 workers.


UAE's World-Record Solar-Plus-Storage Project

Masdar has broken ground on a monumental solar PV and BESS project in Abu Dhabi, which is claimed to be the largest and most technologically advanced of its kind globally. The $5.9 billion facility combines a massive 5.2 GW solar farm with a 19 GWh BESS and is set to become operational in 2027.

This underlines the commitment of the UAE to the clean energy transition and the scale of some of the Middle Eastern projects is mind blowing!


ERCOT BESS Moves

We saw some key BESS project moves in the Texan ERCOT market recently, led by Energy Vault and Jupiter Power. Energy Vault acquired the 150MW/300MWh SOSA Energy Centre BESS for development under its Asset Vault platform, with commercial operation expected in Q1 2027. Separately, Jupiter Power finalised a large-scale, long-term agreement with utility Austin Energy to provide up to 100MW of electricity from a BESS facility.


Ireland Opens BESS To Wholesale Market

🇮🇪 Ireland has opened its wholesale electricity market to BESS under a new Scheduling and Dispatch Programme, allowing them to fully participate in trading, charging, and discharging based on real-time market signals.

This major reform, led by EirGrid and SONI, is critical for meeting renewable energy targets, enhancing grid flexibility, and is expected to unlock new revenue streams for battery owners, providing a significant boost to energy storage investment in Ireland and Northern Ireland.


French Grid Reform

TURPE 7, 🇫🇷 France's latest grid tariff reform, will introduce dynamic, locational pricing for BESS starting in August 2026. This new "injection-withdrawal" tariff component, approved by the energy regulator CRE, replaces uniform fees with variable rewards linked to grid needs. The goal is to incentivize battery operators to charge and discharge strategically in specific "injection" and "withdrawal" zones to reduce local grid peaks, improving system flexibility and enabling greater renewable energy integration.

A key country to watch for BESS investments and trading and optimisation focus in late 2026 and beyond!


🇪🇸 Spain's Significant Investment In Energy Storage

Our last edition featured Spain's commitment to investing in Energy Storage and further details have emerged. The country will allocate nearly €840 million in EU-backed grants to fund 143 selected projects, aiming to add approximately 9 GWh of storage capacity.

The funding, which was increased by 20% due to high demand, supports various technologies including stand-alone batteries, hybrid renewable projects, and thermal storage, with a focus on hybridisation with existing renewables. These combined efforts are critical components of Spain's strategy to meet its target of 22.5 GW of installed energy storage by 2030 and to integrate its rapidly growing renewable energy fleet.


A Key Reference Project for Thermal Energy Storage

Those of you who have followed the newsletter for some time will know of my strong belief in long duration energy storage (LDES) technologies to complement BESS. One such LDES technology stack is Thermal Energy Storage (TES) and it's great to see this flagship project planned.

Rondo Energy will partner with Siemens and Eneco to deploy a 100 MWh TES system, at a Heineken brewery in Seville, Spain, making it the largest project of it's kind in Europe. By replacing the facility's existing gas boilers with a specialised hot air blow and refractory bricks, the TES system is expected to cut the brewery's CO2 emissions by 7,000 tonnes annually, aligning with Heineken's goal to achieve carbon neutrality by 2040.


Recruitment News

Congratulations... One of the best parts of a career in executive search is seeing the impact that your placements can make. I was delighted to see that  Fergal Harrington-Beatty who we recruited for E-magy has recently been promoted to Chief Commercial Officer just 2 years after joining as Senior BD Manager. Congratulations Fergal!


It's been a great month of progress on some of our key searches as well as securing several new partnerships with existing and new clients in the space. See below:

Head of Manufacturing (Belgium) - an exciting nex-gen battery innovator in Europe. This role will help drive the company's transition from lab and early manual prototypes to pilot and semi-automated production in coming years.

Business Developer + Technical PM (Germany) - BESS client focused on expanding behind-the-meter storage and energy trading opportunities for C&I customers.

  • The BD will join the existing commercial team and be focused on capturing significant behind-the-meter pipeline opportunities across Germany and wider DACH.
  • The Technical PM will be focused on overseeing end-to-end delivery of customer projects as well as supporting the commercial function with technical support during customer engagements.

 

Business Development Lead (Netherlands) + Supply Chain Lead (France) - an exciting long-duration energy storage company, now backed by a strategic industrial investor, and focusing on growth in the maritime, ports and logistics segment.

  • The BD Lead role will focus on developing their commercial footprint in the Netherlands (a key region) secure early pilot and commercial projects with leading tank storage operators in the region.
  • The SC Lead will be a dual role combining supply chain management and financial coordination. You will be responsible for structuring, optimizing, and managing the company’s operational flows — from procurement to delivery — while overseeing the relationship with our external accounting and financial partners.

 


Deals

Here is a selection of latest deals in the sector!

Statera Energy (UK) - £235 million (Debt) - For its 680MW/1,360MWh Carrington BESS project in Manchester, UK.

European Energy (Latvia) - €37.9 million - for the renewable energy project developer's development of a hybrid solar and energy storage project in Latvia. The solar project is also co-owned by European Energy and Sampension.

FP Investment Partners (Germany) - €500 million battery storage fund - The fund manager has achieved first closing for its European battery storage fund, which will target to raise €500 million to invest in Storage projects across Europe with core target markets of Germany, Scandinavia, Italy and the Netherlands.

Drax Group (UK) - £157.2 million - to acquire 3 BESS projects from Apatura, to complement their already impressive existing Flexible Generation (pumped storage, hydro and gas turbines). The combined FlexGen portfolio will reach 1.8GW of storage and flexible generation across nine UK sites.

Exowatt (USA) - $50 million (Series A extension) - to expand the LDES company's US manufacturing and deployments of their P3 ESS - aimed at meeting the rising power demands of AI data centers and other energy-intensive facilities.

Nanoramic (USA) - $54 million (Series 1 equity) - to further scale the commercialisation of the advanced battery scaleup as they support GWh-scale demand, with commercial shipments scaling up and shifting to global manufacturing sites in 2026.

Enlight Renewable Energy-Clenera (Israel/USA) - $1.44 billion (Debt Financing) - to finance the renewables IPP-developer's Snowflake A project located in Arizona which will combine 600 MW of solar with 1,900 MWh of energy storage.


I wanted to end this edition with some of my personal Must Watch / Must Listen Recommendations

1. Modo Energy Transmission Podcast

i) Building Britain's biggest BESS with host Ed Porter and guest Lisa Mackay of Fidra Energy

ii) Unlocking investment for flexible assets with host Joseph Bush and guests Roberto Castiglioni and Helena Anderson, co-founders of Ikigai Capital

2. 🎙Redefining Energy Podcast with co-hosts Laurent Segalen Gerard Reid

Battery Boom or Policy Bust? The Big EV Divergence with guest Iola Hughes of Benchmark Mineral Intelligence / Rho Motion

3. Energy Unplugged podcast by Aurora Energy Research

i) Structuring The Future: How FPAs Are Powering Europe's Battery Revolution with Martin Daronnat of ENGIE, hosted by Dr. Casimir Lorenz

ii) Powering The Grid: The Growing Role of Large-Scale Battery Storage with Tom Palmer of Zenobē Network Infrastructure, hosted by Malavika Gode


If you enjoyed this edition of the Energy Storage News and Views, please share with your network and don't forget to Subscribe on LinkedIn if you haven't already. There will be a new edition coming soon!

See you next time!

David

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06 October 2025

Q3 Market & Talent Review: Spotlight on Energy Storage & Grid

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Q3 2025 marked sustained yet complex growth in the Energy Storage and Grid sector. Record BESS deployments, particularly in the U.S, were offset by policy uncertainty, trade tensions and challenging investment conditions for technology providers from outside of Asia. Nonetheless, there is excitement around the huge demand opportunity that datacentres and AI will bring for Energy Storage and the continued emergence of longer duration storage technologies.

Market Trends
  • Grid-scale storage in Europe expanded rapidly, especially in Italy, Germany, and the UK, driven by high renewable penetration and growing flexibility needs. This is dominated by grid-scale projects but the investment cases are growing for C&I as behind-themeter revenue opportunities increase across Europe.
  • Long-duration energy storage (LDES) technologies gained traction, with Italy’s 10 GWh MACSE auction, 77 UK projects
    progressing under the cap-and-floor mechanism, and Google partnering with Energy Dome to decarbonise operations.
  • Energy security and supply chain resilience remain key priorities. Governments are pushing for local manufacturing to reduce reliance on Chinese imports, though competitiveness and financing challenges persist.
    • Grid constraints continue across several markets. The UK’s NESO reforms aim to ease connection bottlenecks, and following Iberian blackouts, Spain increased its grid investment cap by 62% and Portugal committed €400M investment, and German policy changes could remove fee exemptions for storage between 2026-2029, threatening project viability.
  • In the U.S., record BESS deployments in California, Texas, and Arizona contrasted with new policy uncertainty stemming from the “One Big Beautiful Bill Act” (OBBBA) and “Foreign Entity of Concern” (FEOC) regulations.
  • The AI revolution energy demand is accelerating large-scale BESS adoption for utilities and IPPs, as datacentres require faster, more flexible clean power solutions.
  • AI-driven forecasting, optimisation, and trading tools are becoming essential for maximising storage asset performance and
    returns.
Talent Trends

In Q3, hiring shifted toward project execution, new-market expansion and supply chain resilience. Demand increased for:

  • Project Engineers and Managers – delivering large-scale deployments.
  • Territory Expansion Leaders – establishing new country or regional operations.
  • Grid Managers – navigating evolving regulatory and connection landscapes.
  • Asset Optimisation Specialists – maximising returns from complex BESS portfolios.
  • Supply Chain Leaders – securing and stabilising battery and component supply.
Key Deals
  • Fidra Energy reached financial close on the UK’s largest BESS project (Thorpe Marsh) totalling over L1Bn in equity and debt financing.
  • The EU Commission pledged €852M in battery manufacturing grants.
  • The UK’s National Wealth Fund, Equitix, and Aware Super (two private investment firms) invested L500M in Eelpower’s grid scale projects.
  • Sympower and Suena raised €27M combined to accelerate the rollout of their BESS optimisation and flexibility software.
  • FlexGen acquired Powin’s IP and key assets following bankruptcy.
  • Lyten acquired all remaining assets of Northvolt, including gigafactories and IP valued at approximately $5 billion.

You can read, download and share our  full Q3 Cleantech Market & Talent Review here: Hyperion Market Reviews

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22 July 2025

Building Lasting Relationships in Recruitment

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This morning, I reconnected with a candidate I hadn't spoken to in about 12 months. A couple of years ago, he reached the offer stage with one of our battery startup clients but ultimately chose another opportunity.

Was I disappointed at the time? Absolutely.

Did I pick up the phone when he contacted me again? Without a doubt.

Why?

Playing the long game

I'm a firm believer in long-term relationships. Just because something doesn't work out initially doesn't mean the door should close forever.

How it's handled matters

This candidate's approach was key!

  • He was open and honest with both me and the client throughout the process. We were aware of his considerations all along, and ultimately, we had a positive outcome with another candidate.
  • He had genuine reasons for his decision. With a young family, stability was paramount, and he made the right choice for them.
  • He even offered candidate recommendations to help us backfill the role.

Key Lessons Learned

Over the years, I've learned that highly emotional reactions are unproductive. When working with people, you can do everything right, and sometimes things still don't go as planned.

A Message to Candidates

Be like this candidate! There's a right way and a wrong way to conduct yourself in a hiring process. Handle it correctly - with honesty, transparency, and professionalism - and recruiters will be more than willing to work with you again in the future.

David Beeston

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#talent

09 October 2024

New 4 day week rules set to change in the UK. Are you ready?

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Flexibility is now one of, if not the most, important consideration for most professionals we speak to when looking for their next career challenge. 

Therefore, the proposed rule changes around 4 day working weeks in the UK, as highlighted in this article, are very interesting indeed. In fact, they could be revolutionary for work as we know it!

Currently, employees in the UK have the right to request flexible working, but employers aren’t legally obliged to agree. However, that could be set to change with new planned laws which would mean all employers must offer employees the option of flexible 4 day working from day one of employment, except where it is “not reasonably feasible” (What this latter stipulation means, time will tell!)

It's a topic I've heard many people discussing recently and in most cases, positively.

The 4 day week has already been trialled and fully implemented in other countries, such as Belgium, Australia, Denmark etc and in 2023, a trial of over 60 companies in the UK, found approx. 90% of participating companies were positive post-trial and chose to keep the 4 day working arrangements permanently. 

It's a topic close to home too. Here at Hyperion we offer the 4 day flexibility for some of our team members who have requested it, for example those with young children who might be navigating childcare availability and costs. Now in our case it's made easier given we're a Services business and ultimately quality output is the main measure for us. There's no “clock in, clock out” culture - ultimately, if your working pattern means you're delivering against your objectives and aligning with our values, then great!

Some of the positive impacts reported by those who have implemented the 4 day week include:

  • Boosts in productivity - Many companies found that output improved after introducing 4 day weeks. With reduced hours, employees were more focused and efficient, so they could enjoy the benefits of the extra day off
  • Improved engagement - Better work-life balance made people feel happier and more engaged during their working days. This can really boost team harmony and ultimately performance
  • Reduced burnout - according to this BBC article, 71% of the 2023 UK trial reported reductions in levels of burnout
  • Hiring benefits - With flexibility being a key driver for many job seekers, offering this arrangement can give companies an edge over competition when attracting top talent

Of course, it's not that easy for all industries and even in sectors where it is more practical, it will take some adjustment for many company leaders (it's been difficult enough to convince some leaders to allow working from home flexibility, never mind 4 day working!). As we know, typically people don't like change!

If you're a business leader faced with the prospect of these new rules, there are some important things to keep in mind:

  • Not everyone will want this. Don't assume this needs to be a blanket rule. Some people like and work better in the routine and pace of a 5 day week and therefore may not adjust to a reduced week. 
  • Be smart with how this is implemented. It's no use having half your team off on the same day, if you have round-the-clock business. Think about how this can be staggered or on a rotation for your team members
  • There should be no concessions when it comes to meeting objectives. This is an employee choice and accountability should come with this flexibility.
  • Be careful not to inadvertently create an unhealthy intense, high-pressure work environment by compressing the same workload into four days. Be mindful your employees could end up overwhelmed and not perform at their best or in more severe cases this could impact physical and mental health.
  • Less time for critical thinking and reflection. Some of the best business ideas spawn from “free time” where your team can reflect and focus on new solutions. This condensed workload may eliminate those windows of opportunity for creativity and strategizing. 
  • You may see top performers crash. In many businesses, productivity is already super high, with fast pace and constant deadlines (those running start-ups know exactly what I mean) so reducing workdays may seem like a benefit, but in fact it might add a new layer of pressure. Instead of taking the extra day to work on themselves, recharge the batteries, or be with their families, employees could instead end up logging into work to catch up on tasks they couldn’t complete during the 4 days, which ultimately defeats the point!

Ultimately, whether this concept works can come down to how it's implemented by the business leaders - particularly how you balance being accommodating of employee's expectations and the needs and expectations of the business. In any successful work model, whether its 4 days, 5 days, or whatever else, the focus should be on the quality of work and the wellbeing of employees. Don't treat them like cogs in a machine!

How do you anticipate the new 4 day working week rule changes affecting your business?

Hyperion supports cleantech and climatetech clients across Europe, to hire top senior and executive leadership talent. If you're looking for support in growing your business, contact me at david.beeston@hyperionsearch.com

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