Third Equation, an energy tech company, has relocated its UK headquarters from Edinburgh to Alderley Park, Cheshire, marking significant expansion.
- Occupying 6,400 sq ft, the company benefits from high-quality lab and office space, enhancing its research capabilities.
- The move aligns with Alderley Park’s reputation as a hub for green tech and energy businesses in the UK.
- Third Equation focuses on improving grid efficiency to support the UK’s transition to a sustainable electricity grid.
- The relocation allows access to infrastructure and talent essential for advancing its innovative grid management solutions.
Third Equation, a company specialising in research and development of grid-enhancing technology, has made a strategic move from their previous base in Edinburgh to Alderley Park in Cheshire. This relocation signifies a crucial expansion for Third Equation, offering them 6,400 square feet of cutting-edge laboratory and office facilities. This strategic choice underscores Alderley Park’s growing appeal as a premier destination for green technology and energy enterprises within the UK.
The newly acquired premises include a state-of-the-art laboratory equipped with a 1 MW enabled connection. This infrastructure is pivotal for better collaboration and offers an optimal environment for demonstrating Third Equation’s products and prototypes to clients and investors. The move provides the company with the necessary tools and space to innovate and showcase its capabilities effectively.
Specialising in the management of sustainable energy grids, Third Equation focuses on solutions that enhance the efficiency and capacity of power distribution systems. With the rising demand for electrical energy, the company’s technology addresses the pressing need to increase power capacity and improve the electricity quality provided to consumers. Their innovative solutions play a vital role in aiding the UK’s transition towards net-zero emissions.
During the transition period before their custom headquarters was completed, Third Equation utilised a temporary lab space at Alderley Park, allowing them to recruit talent locally. Alderley Park facilitates a dynamic cluster of over 250 science, innovation, and technology firms, presenting extensive opportunities for collaboration and progress. This environment is bolstered by Bruntwood SciTech’s business support and community events.
Within Alderley Park, Third Equation resides in the vibrant Glasshouse workspace, alongside other firms in AI, fintech, and software development. Their presence here enables access to a rich collaborative community conducive to innovation and growth. The park also features the Female Founders Incubator, aimed at addressing gender diversity in tech, and the Life Sciences Accelerator programme, reinforcing its status as a pivotal innovation leader.
CEO Greg Dujon remarked on their strategic review, highlighting the importance of location based on criteria such as grid connectivity, access to talent, and sustainability. Alderley Park excelled by meeting over 80% of their criteria, making the decision straightforward. This move, therefore, represents not just a change of address, but a strategic enhancement of their operational capabilities in real-world conditions.
The relocation to Alderley Park marks a strategic and operational milestone for Third Equation, enhancing its ability to innovate and contribute to the UK’s green energy goals.