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 Steve Drummond
 
Steve’s career has been at the cutting-edge of international energy infrastructure and environmental finance for more than twenty years. His career is built on knowledge of professional engineering, finance and energy markets, and encompasses
  • leadership roles as CEO
  • corporate strategy and change implementation
  • IPP project and commercial management
  • project finance, M&A and equity investment. 
He is particularly interested in green technologies, whilst having also engineered and financed nuclear, coal and gas-fired generation. 

Since 2009 he has been Managing Director of Bainton Capital Partners a boutique advisory business that works with green energy businesses (eg wind, biomass, waste gasification, solar and micro-hydro) to help them to structure and grow.  Steve has also led the structuring and financing of a new community investment vehicle in the shape of the Low Carbon Hub IPS.

In 1999 Steve founded CantorCO2e LLC, and led it to become the world’s largest and oldest emissions broker and a global enterprise covering five continents and with a valuation of $200 million when he exited in 2008.  At CantorCO2e, he led and structured many of the “world’s first” carbon transactions.  He took a leading role in the design of the EU Emissions Trading Scheme and the three most successful standards in the global carbon market (Gold Standard, VCS and Social Carbon Standard).

Whilst at CantorCO2e, Steve developed, negotiated and closed forward sales contracts for some 5bn of UK renewable energy, underpinning the AIM listing of KP Renewables in 2005, becoming a non-executive director.

In 1997 he joined PwC Sydney, first as Associate Director, becoming Partner.  As corporate finance Partner of PwC Australia, he established them as a leading power infrastructure project finance and M&A adviser in the region in competition with Macquarie Bank and others, delivering four times target earnings to the partnership.

Before that he established a consultancy in Cuba, advising the Havana Property Company Limited on the electricity infrastructure requirements necessary to supply property investments in old Havana, Cuba. 

His career in energy began at the CEGB in 1985 as a graduate trainee, becoming a chartered engineer, and progressing to Business Planning Engineer in National Power’s Design & Construction Division during and after the privatisation of the UK generation industry.  He designed the new divisional structure and managed an IT project to design the system requirements for management, control and reporting of power plant developments– before moving into Corporate Planning as an Analyst.

He then spent three years in China, first as Project Manager and then Commercial Manager, dealing with the commercial security of National Power’s forward revenue stream from China, Taiwan and South Korea (forecast at $100m pa) and dealing with investment policy, tailored security structures, and screening and evaluation of investment opportunities.  He also led commercial negotiations for nearly 3GW of installed capacity, including the financing of the Jiaxing project.

Before leaving National Power in 1996, he led the restructuring of its UK generation portfolio post-privatisation, creating strategic opportunity in the world’s first power trading pool and helping to reduce headcount from 17,000 to 3,000 over three years in the early nineties.

He has a BSc in Mechanical Engineering, an MBA and a Diploma in Management Studies.
 
Steve Drummond
 

 
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