Irish energy firm Electroroute has established its first office in the UK.

The firm also announced the appointment of energy sector figure Tim Foster as Head of UK Services.

It is the firm's first corporate base outside of its Dublin headquarters and follows its announcement in October 2016 that Mitsubishi Corporation had taken a majority stake in the company.

The new UK office is based in central London.

ElectroRoute trades energy across nine European markets, including the UK, and had stated its ambition to continue to scale its operations internationally. Since the Mitsubishi announcement it has grown its staff from 40 to more than 50.

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Mr Foster has more than 20 years' experience in the energy sector and joins from Norwegian company Statkraft where he was Head of Renewable Energy Origination and responsible for establishing it as the preeminent provider of Power Purchase Agreements (PPA) in the United Kingdom.

"Renewables have brought fundamental change to the old order of centralised electricity markets, rewriting the top-down control of the traditional energy supply model. This new world means that Generation, Market Access and Consumer customers are now seeking new and innovative ways to access markets and manage risk," said ElectroRoute CEO Ronan Doherty. "There has never been a better time for ElectroRoute to bring its curiosity and experience to the UK market and we look forward to Tim leading our expansion into this dynamic marketplace."

(CD/MH)