Storegga appoints Michael Alsford as head of corporate finance and investor relations

UK carbon capture firm Storegga has recruited sell-side analyst Michael Alsford to the newly created role of head of corporate finance and investor relations.

Alsford joins Citi, where he worked as director of equity research focused on renewable energy and decarbonization strategies. Prior to that, he was an equity analyst at Morgan Stanley and Nomura.

“We are very fortunate to have Michael on board,” Storegga CEO Nick Cooper said in a statement. “He brings relevant and substantial experience and has really impressed the industry with the quality of his research at Citi on carbon capture and storage and the energy transition.”

Alsford (pictured) adds: “It’s really exciting to work with a company at this stage of their development. As Storegga replicates the model of its Scottish Acorn project globally, there is a real opportunity for me to help support the growth of the business.

“There are large pools of international capital looking to invest in energy transition developments and increasingly we see leading global thinkers backing decarbonization technology as an important part of solving the riddle of change. It is therefore not surprising that Storegga already has the support of some of the world’s leading infrastructure investors.

Storegga is the lead developer of Project Acorn, an initiative based in Aberdeen, Scotland, which aims to develop carbon and hydrogen capture infrastructure. The private company, which employs around 80 people, is backed by a series of well-known institutional investors, such as GIC, M&G Investments and Macquarie Group.

Over the past few months, Storegga has made other key appointments. In January, he hired Sorrelle Harper, a former head of communications at KPMG UK, as head of general affairs. The following month, the company appointed Nicola Cocks as head of policy and regulation.