Board of directors

Board of Directors

Frank Allen | Independent Non-Executive Director, Chair

Frank Allen is an experienced infrastructure sector board member. Mr. Allen is an independent financial consultant, advising on infrastructure investment and operations, mostly in developing and transition economies. Mr. Allen is an independent advisor to the World Bank on various infrastructure projects. He is also the former Head of Infrastructure Finance at KBC Bank. Mr. Allen is currently a board member and chair of Iarnród Éireann (Irish Rail) and is chair of the Depaul Housing Association. Mr. Allen holds a Bachelor of Commerce and Masters of Business Studies from University College Cork. Mr. Allen also holds a Master of Business Administration degree from Massachusetts Institute of Technology.

Keith McGrane | Executive Director, Chief Executive Officer

Keith McGrane is a pioneer and thought-leader in energy storage with over 20 years of experience in geophysics, renewables, project development, technology commercialisation and financing. A scientist by background, Mr. McGrane has held many senior management roles throughout his career particularly in natural resource financing (at KBC Bank and Barclays Bank PLC) and renewables development (at Airtricity and Gaelectric). Mr. McGrane is a director on the board of directors of the Company’s substantial shareholder and parent company of the Group, Corre Energy Group Holdings C.V. Mr. McGrane holds a Bachelor of Science in Geophysics and Masters of Science in Geophysics from University College Dublin.

Darren Patrick Green | Executive Director, President

Darren Patrick Green is an entrepreneurial business owner with a career spanning over three decades, initially in the property development space, followed by professional consulting services focused on the energy and financial sectors. Mr. Green is the founder of Procorre, a consulting company which has operated across 100 countries throughout Africa, Asia, Europe, North America and South America. It is Mr. Green’s vision, leadership and hands on business management that has enabled his businesses to succeed and deliver a meaningful professional legacy, providing a solid foundation for the future organic and strategic growth. Mr. Green is qualified as a Quantity Surveyor.

Rune Eng | Independent Non-Executive Director

Rune Eng has significant experience from his many years in the energy sector. He is currently the Executive Vice President International of the TGS Group where he has been employed for almost two years. He was previously CEO and President of Spectrum Geo Limited (subsequently sold to the TGS Group) where he worked for almost nine years. Mr. Eng has also held various roles at PGS ASA over a period in excess of 13 years as well as roles in Fugro, Digital Equipment Corporation A/S and GeoTeam Group. Mr. Eng holds a Bachelor of Science in Geophysics from the University of Oslo and a Master of Science in Geophysics from the University of Gothenburg.

Luca Moro
Luca Moro | Non-Executive Director

Luca Moro is a Senior Investment Manager for the Italian Energy Efficiency Fund, a Private Equity focused on Energy Transition. He earned a master’s degree in management engineering and a bachelor’s degree in industrial engineering at Politecnico di Torino. Mr. Moro started his career in JPMorgan, Investment Banking division in London, before joining the buy-side at several hedge funds, dealing with distressed, turnarounds and special situations. Specifically, he was previously Senior Investment Analyst at Bardin Hill, Co-Founder and Head of Research at Eyck Capital and Portfolio Manager at both Numen Capital and Ironshield Capital. Mr. Moro has been a member of many restructuring committees in the role of creditors representative, implementing corporate turnarounds for mid-cap companies in various European Countries and he invested across the capital structure in European and US companies for over 15 years.


Iain Balchin | Chief Financial Officer

Iain Balchin is a qualified chartered accountant and experienced CFO who has operated across numerous Private Equity and Listed companies.

Mr. Balchin has spent much of his career in Financial Services working with Credit Suisse, BNPParibas, Lloyds Banking Group and St James Place Wealth Management. He also has significant experience in debt restructuring, equity fund raising (series A-D), M&A and publicly listing companies (IPO). He is an Alumni of the Deloitte Future FTSE 100 CFO program and holds a BSc in Accounting and Finance from Oxford Brookes University.

Patrick McClughan | Chief Strategy Officer

Patrick McClughan has a proven executive management record and over 20 years of experience driving commercial strategy and development in large scale infrastructure. Prior to working with the Group, Mr. McClughan held several senior management roles with a focus on development, project financing, strategic advisory and fund management. He has worked for EirGrid (Irish TSO), Gaelectric (a renewables developer) and is currently Vice Chairman of the Northern Ireland Investment Fund as well as being a Board Director of Belfast Waterfront and Ulster Hall Limited. Mr. McClughan is a Director of Corre Energy Limited and a Member of the Royal Institute of Chartered Surveyors (RICS). He holds a Bachelor of Science degree from Ulster University.