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Kathryn Porter

Energy Consultant at Watt-Logic, Non-executive director

Professional Background

Kathryn Porter brings a wealth of experience to the finance and energy sectors, characterized by her unique blend of technical expertise and leadership skills. Currently, she serves as an Energy Consultant at Watt-Logic, a role where she leverages her extensive background in business development and strategic planning to enhance operational efficiencies and foster growth within the energy sector. Kathryn's professional journey has been marked by her ability to lead multi-disciplinary teams in delivering innovative strategies that explore and capitalize on new revenue streams.

Her impressive track record is complemented by her expertise in negotiating large, high-value transactions, an area where she has consistently excelled. Kathryn's experience spans various segments of finance including equities, equity derivatives, debt capital markets, mergers and acquisitions, loans, and risk management. This diverse portfolio empowers her to build strong, impactful relationships with both clients and stakeholders, effectively bridging the gap between technical capabilities and market demands.

Before her current position at Watt-Logic, Kathryn honed her skills at several prestigious organizations, including serving as a Senior Originator at Centrica Energy and Director of Commodities Structuring at Societe Generale. She also held prominent roles at EDF Trading and Barclays Capital, where she contributed to significantly shaping commodity structuring and pricing strategies. Her foundational experience in financial services began with Deloitte, where she specialized in audit functions.

Education and Achievements

Kathryn's educational background is as impressive as her career accomplishments. She graduated with a Master of Physics from the University of Exeter, which set the stage for her analytical and technical career approach in complex sectors. Further enhancing her expertise, she pursued an MBA at the prestigious London Business School, an experience that equipped her with essential business acumen and leadership insights crucial for success in high-stakes environments.

In addition to her formal education, Kathryn is a recognized champion for diversity within her industries. She actively mentors young women aspiring to enter both engineering and finance sectors, fostering the development of female talent and empowering future leaders. Her dedication to mentorship extends to supporting female entrepreneurs and charity organizations, where she offers her strategic insight and business wisdom.

Community Engagement

Kathryn's commitment to community involvement and the voluntary sector is a notable aspect of her profile. As a trustee of The Kids' Cookery School, she plays an essential role in strategic planning and governance, ensuring the organization effectively supports children through culinary education. Additionally, she serves as a trustee for the Royal Choral Society, advocating for cultural enrichment and community engagement through the arts. Kathryn’s active participation not only reflects her professional dedication but also her passion for making a meaningful impact in the lives of others.

Achievements

  • Exceptional track record in business development and strategy formulation in the finance and energy sectors.
  • Proven ability to negotiate large, high-value transactions, securing advantageous outcomes for stakeholders.
  • Extensive experience in utilities, oil, and gas sectors, demonstrating expert knowledge in complex financial instruments and strategies.
  • Dedicated mentor of young women in engineering and finance and supporter of female entrepreneurs.
  • Active trustee in notable organizations, significantly contributing to community and cultural projects.

Highlights

Jul 31 · linkedin

People are making a big deal of the budget increase for the next CfD auction round (AR6). But the problem with AR5 when there were zero bids for off-shore wind wasn't the budget, it was the strike price. Since then the Government (the Conservatives before the General Election) increased the strike price for off-shore wind from £44 to £73 /MWh. This has not been changed again ie the new announcement simply means that IF this price is attractive to bidders more contracts will be awarded.

Before the Election, Labour made much of claims that it would save people £300 on their electricity bills. Part of this claim was based on a report by consultants Ember, which assumed that new renewables would be built at AR4 prices which had a strike price of £46 /MWh for off-shore wind.

So this announcement means that IF the new price of £73 is attractive to bidders, a lot more of these expensive contracts wull be awarded. It's hard to see how the £300 will be delivered on this basis. Plus wind output has been poor in recent weeks (right now it's 2.5 GW) which further undermines the value case to consumer because they still have to pay for the backup generation under the capacity market, the extra grid infrastructure to connect these new renewables (which is more per MW than for conventional generation) and the higher balancing costs to manage the intermittency - although the upside is that if wind output is so low, the balancing costs actually come down. Ironic....

#windpower #renewables #netzero

https://lnkd.in/eepuMWer balloons-to-more-than-1-5bn/

Feb 7 · linkedin

Until recently Ørsted, formerly DONG Energy was an oil and gas company. It transformed itself amid great fanfare to a renewable energy business focusing on wind.

But all has not been well for some time. Losses have mounted, projects have been cancelled, and now the company is heading for a major re-structuring, cuting up to 800 jobs and withdrawing from offshore wind markets in Norway, Spain and Portugal. It has slashed its 2030 target for installed renewable electricity capacity from 50 GW to 35-38 GW.

It is also suspending its dividend in order to protect its BBB+ credit rating - it can only afford a one-notch drop and still remain investment grade. Dividends are to be "paused" for the financial years 2023, 2024, and 2025, with a target is to reinstate them from the financial year 2026.

This is a further sign of the economic challenges faced by the wind sector. While turbine maker Vestas has returned to profits making a small positive return last year, it has long been the best performing of the turbine OEMs, and efforts by manufactureres to strengthen their financial position is boind to adversely affect developers such as Orsted, with tighter warranties, higher prices, and probably increased resistance to delivering ever larger turbines.

The entire sector needs to be re-strustured if losses are to be stemmed and companies across the supply chain are to be financially viable. Ideally without simply piling more costs onto already over-burdened consumers.

Related Questions

How did Kathryn Porter develop her expertise in navigating the complexities of the energy sector?
What inspired Kathryn Porter to become a mentor for young women in engineering and finance?
How has Kathryn Porter leveraged her educational background in physics and business to excel in the finance and energy industries?
What strategies does Kathryn Porter recommend for building strong relationships with clients and stakeholders in high-stakes environments?
In what ways has Kathryn Porter's role as a trustee contributed to the success of The Kids' Cookery School and the Royal Choral Society?
Kathryn Porter
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Location

London, England, United Kingdom