Michael Edge, Nigel Mitchell and Andrew Mercer founded 2OC in 2004. All three individuals share a genuine concern over the damaging effects of accelerating climate change. With power generation accounting for at least 25% of the greenhouse gas emissions responsible for causing climate change, the 2OC founders have sought to address their concerns by building a business to find, develop and commercialise new methods of generating clean energy.
Lord Oxburgh agreed to become 2OC’s non-executive chairman in April 2006.
In September 2007 2OC signed the first 50:50 joint venture agreement with a network operator, National Grid PLC, to create the company Blue-NG. The agreement covers the development of eight power plants initially, with the potential to develop a further 18 plants in the medium term.
In 2008 Blue-NG secured planning permission for the first 18.5MW site at Beckton, East London, adjacent to the 2012 Olympic Park. When commissioned, this plant will provide power for up to 45,000 homes and will save a minimum of 45,000* tonnes of CO2e emissions. Our Plants.
Due to the EU Third Package Legislation, 2OC is now in the process of acquiring NG’s holding in Blue-NG. The partners been aware for some time that NG might have to divest itself of its interests in Blue-NG and it is expected that the transfer of interest will be completed by early 2011. 2OC intends to develop Blue-NG’s renewable generation business in the UK and to expand globally. Ofgem has granted consent for up to 8 renewable power plants on assets owned by National Grid Gas in the UK, planning applications for a number of these have been submitted.