Professor Toby Peters is a founder and director of Dearman Engine Company, which is developing liquid air energy storage technology. He has over 15 years of experience in this field, having previously founded Highview Power Storage. Through these companies, he has secured over $100 million in funding and advanced liquid air energy storage from early stages to commercial-scale demonstrations. Currently, he is focusing on the role cooling must play in achieving global sustainability goals and the concept of a "Cold Economy".

1. PROFESSOR TOBY PETERS
toby_peters@me.com
Using transformational innovation to meet the world’s big social and environmental challenges
within the limits of our natural resources.
CURRENTLY
• Founder, Strategic Advisor and Director, Dearman Engine Company
o CEO from 2011 to Nov. 2016
• Visiting Professor, Heriot Watt University, appointed November 2016
o Transformational Innovation for Sustainability
• Visiting Professor, University of Birmingham
o Power and Cold Economy
AWARDS incl.
• Innovate UK Inspirational Innovation and Innovation for Investment
• BusinessGreen Innovator of the Year
• BusinessGreen Innovation of Year
• IET Innovation Award for Sustainability
• The Engineer Technology and Innovation Energy & Environment and Grand Prix;
• Caroline Walker Trust Award for Improving Public Health.
LIQUID AIR ENERGY STORAGE AND THE COLD ECONOMY 2004 to date
• Founder: Highview Power Storage (2004) and Dearman (2011)
o >£65M of private, Government and industrial funding
o Moving technologies from TRL1 to TRL7 and commercial operation trials
o Commercial partnerships
• New government funded Research Centres:
o Birmingham Centre for Cryogenic Energy Storage
o Midlands Energy Research Accelerator and Advanced Manufacturing Centre for Thermal
Technologies
• Academic lead of the 2015 'Doing Cold Smarter' Policy Commission
DRIVING CHANGE IN CORPORATE SOCIAL RESPONSIBILITY Nineties – examples (consultant)
• Dept of Health / Cabinet Office with industry partners
o Development and launch of Community-owned Retailing; part of strategy to address social
exclusion
• Business in the Community (Consultant)
o Marketing and communications for HRH Prince of Wales and his Seeing is Believing Business
Leaders Programme
o Writing and launch of Principles of Corporate Community Investment
o Development and launch and communications of Annual Awards for Corporate Social
Responsibility.
• Communications programme to launch Divine Chocolate, the first ever Fairtrade chocolate bar aimed at the
mass market to be launched in the UK and the first ever trading company to be part-owned by the
farmers/growers.
• Photojournalist including Bosnia and Rwanda conflicts as well as the launch of the anti-landmine campaign
in Angola and Aids orphans in Romania
CORPORATE COMMUNICATIONS AND CHANGE MANAGEMENT Eighties- examples (Consultant)
• Management and internal communications to support the £680 million MBO of Reedpack Limited from
Reed International and subsequent sale to the Swedish company, SCA
• Implementation of McKinsey AVA/Change Management programmes for BHS and AMI Healthcare (Princess
Grace, Portland and Priory hospitals, etc), including their secure psychiatric units (Partnerships in Care)
• The development and introduction of trading standards, the Food Hygiene Regulations and geo-
demographic targeted marketing into the independent grocery sector
• Trade and consumer PR included HP's sponsorship around Frank Bruno's first World Championship Title
fight and the the launch of no-alcohol lager.
KEY STRENGTHS
Passionate
Future focused
Goal orientated
Resiliency
Thinking through
first principles
Creativity
Communication
Building collaborations
Fund-raising / grant
funding

2. PROFESSOR TOBY PETERS
toby_peters@me.com
LIQUID AIR AS A NOVEL ENERGY VECTOR
I co-founded both Highview Power Storage (2004) and Dearman (2011) and through them
established the concept of liquid air to deliver both grid-scale electricity-to-electricity energy storage,
and distributed cold and power for applications in transport and the built environment. I am one of the
named inventors of Liquid Air Energy Storage.
I moved to Dearman full-time in 2013. Today, it is a well-funded,
multi award-winning business employing more than 70 engineers,
analysts and business development professionals in its own test
and development centre. The company’s technology has
progressed rapidly: five years ago it was garden-shed invention
that had been mothballed; today the first application is in
demonstration with Sainsbury’s and nearing commercial
deployment.
Between Highview and Dearman, we have secured more than
$100 million of private equity, industry and UK grant funding for
liquid air technology research, demonstration and
industrialisation. At University of Birmingham, we have secured
significant government funding to establish the Birmingham
Centre for Cryogenic Energy Storage, the Thermal-Energy
Research Accelerator and the International Thermal Energy
Manufacturing Accelerator.
As Visiting Professor in Power and the Cold Economy within the
Birmingham Energy Institute, University of Birmingham, I was
the academic lead of the 2015 ‘Doing Cold Smarter’ Policy
Commission, establishing cooling as part of
international energy debates and the need for
system level thinking (the Cold Economy).
My current focus is on vital but so far little-recognised role that cooling must play
in achieving the UN's global sustainable development goals.
Before founding and running Highview and Dearman, I trained and worked as a
journalist, and then moved into strategic business development and corporate
social responsibility. Over the years, I have been contracted by a range of clients in business,
government and NGOs to deliver commercial and social step-change progr ammes and radical
innovations; often overcoming systemic barriers and inertia, and converging and meeting the needs of
multiple stakeholders.
Projects included: Seeing is Believing (HRH Prince of Wales); the BITC Principles of CSR and
Business Awards; the launch of Divine fair trade chocolate, and Community Owned Retailing (Dept of
Health and the then DETR). In 2000 I won the Caroline Walker Trust Award for Improving Public
Health while at Dearman and Highview we have won more than a dozen awards. I was named
Innovator of the Year in 2015 by Business Green and this year Dearman won the Innovate UK
Inspirational Innovation Award.
In the nineties I co-founded a charity in Peru providing nursery education and day-care for more than
250 street children each day. As a conflict photojournalist, I covered stories in the UK and from
Rwanda, Bosnia, Angola, Romania and South America.
World’s first commercial scale LAES plant (5MW, 15MWh)
alongside an existing landfill gas generation site
Dearman’s zero-emission liquid air Transport Refrigeration
Unit in trial with Sainsbury’s