Last night, Turbo Power Systems Ltd (TPS) were crowned victorious at the UK Energy Innovation (UKEI) Awards in the ‘Best DSO Enabling Project’ category, recognising TPS’s innovative bi-directional power converters for Vehicle-to-Grid (V2G) applications.
Held at the prestigious Titanic Hotel in Liverpool, the event brings together over 300 key players from the energy sector to celebrate recent technologies and projects that are advancing the transformation of the energy landscape.
This cutting edge and unique bi-directional system from TPS is capable of interconnecting Electric Vehicle (EV) charging stations, battery storage, PV solar cells, and the national grid within a public or private car parking area. These power converters will allow capacity sharing between the aforementioned energy sources and the grid in both directions. This V2G system supports the reinforcement of the distribution network whilst maximising the benefits and incentives to both consumers and Distribution System Operators (DSO) alike.
Carlos Neves, Chief Executive Officer at TPS comments, “We are delighted to have won such a recognised award for our bi-directional power converters. This innovative technology will facilitate the integration of Low Carbon Technologies into the electricity distribution network, while minimising their impact on the ageing network infrastructure. This development is part of TPS’ strategy to support the 2050 energy targets for greenhouse gases reductions while also increasing competitiveness and security of supply through the introduction of innovative power electronics solutions on the energy space. Our teams have been working extremely hard to develop this concept, so I would like to take this opportunity to congratulate all of them for this wonderful achievement.”
At the end of August, TPS has been offered the opportunity to receive a visit from Ian Mearns – MP for Gateshead. The MP visited our office and facility based in Team Valley to discover more about our current developments and to understand how we are aiming to advance the North-East business landscape in the near future.
Our team offered Ian a tour of our facility where we showed him the latest products that are currently in progress, such as the units we are building for London Underground’s Central Line and also other recent projects within the rail, energy and industrial.
During the MP’s visit, we described our processes and the positive impact we have had over the years on the local supply chain. Ian learned about the employment and apprenticeship opportunities that TPS generates for people living in the North-East of England, and we have also discussed our future plans of bringing even more business to the area by becoming involved in important upcoming projects in this region where our expertise and innovation capability could really make a difference.
As we are the only UK-based company with global reach that develop bespoke power and energy conversion systems, we would like to help the North-East area grow even more by providing best-in class systems which can improve reliability, efficiency and total cost of ownership for our customers and their customers as well.
TPS now has an Instagram page as well!
We are very excited to be joining the interactive world of Instagram! Prepare your eyes for TPS’s new page where we will be sharing more visuals and keep you up-to-date with our exciting projects and latest technologies.
Give us a Follow @turbo_power_systems to check out what TPS is up to!
See you on Instagram!
North East based firm Adderstone Group, has backed TPS buyout as the management team take control from Brazilian metals and mining giant Vale S.A.
Management Team, Ian Baggett and TPS colleagues in the shop floor.
The deal will see the management team of TPS own an 89.4% controlling stake of the business. The management team includes CEO Carlos Neves, CFO Charles Rendell and Engineering & Business Development Director Nigel Jakeman. The company are currently seeking shareholder approval to take the shares off the AIM market to focus on driving the business forward.
TPS are pioneering specialists that design and deliver power conversion systems for the Transportation, Energy, Industrial and Defence markets. Their high profile global projects include Saudi Arabia Monorail, Chicago Transport Systems, Boeing 787 Dreamliner, UK Power Networks and more.
CEO of TPS Carlos Neves, Non-Executive Chairman Ric Piper and Ian Baggett CEO of Adderstone Group.
Ian Baggett a British entrepreneur and property developer is the founder and CEO of Adderstone Group. Ian states to have been blown away by the cutting edge technology being developed by TPS and further added “we are confident we can add value in a number of respects and that there are many synergies to exploit between our businesses.”
CEO Carlos Neves of TPS added: “This management buyout is the culmination of years of hard work from the entire TPS team and a long process of strategic review.
“The team have brought TPS to a sustainable position and now the focus will be growing the business. Adderstone Group has a strong track record and will help TPS grow organically and through key strategic investments”.
TPS are looking forward to working with their new supportive partners, and will continue to focus on offering its clients world class products, accelerate through its exciting R & D pipeline and ultimately add significant value to the business.
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TPS welcomes Business Students and Professor from Methodist University of São Paulo, Brazil.
CEO Carlos Neves with students, professor and Lin from Newcastle College
The group was led by the Commercial Team of TPS, where they were given a welcome presentation and a tour around the facility.
The Commercial Team showing students our equipment.
Through the presentation they gained an understanding of TPS as a business, the importance of people culture, working teams and decision making. At the end of the presentation, the students had an opportunity to ask any relevant questions to the CEO of TPS, Carlos Neves.
CEO Carlos Neves answering questions from students.
“First of all I would like to thank you for the hospitality my students received. My students commented on how interesting the presentation was. Despite the short time we had, we definitely took full advantage of the experience”, said by Prof. Dr Douglas Murilo Siqueira.
After the success of the visit, the Professor has decided to set an assignment to his students where TPS will be the business for their case study.
Lin Gatiss the Regional Manager of Newcastle College first got in contact with the Marketing Team of TPS to propose the opportunity. The project was a collaboration between Methodist University and Newcastle College. TPS were extremely pleased that the students benefitted from the visit and are keen to further explore similar opportunities in the future.
“It was a great pleasure for TPS to participate in academic events. It was great to see Brazilian and English institutions involved and committed to developing a new generation of leaders with a broader perspective of the world and its challenges”, said by CEO Carlos Neves.