David Gray

David Gray joined Tokamak Energy as a non-executive Director in October 2019.

David Gray spent 30 years working in financial markets, mainly with HSBC, and has extensive experience of the energy sector including advisory roles on the initial privatisations of British Gas and the electricity sector.

He is currently Chair of Mutual Energy. Mutual is an energy infrastructure company based in Northern Ireland. It owns the electricity and gas interconnectors between Scotland and Northern Ireland together with gas transmission assets in Northern Ireland and Scotland.

David was previously Chair of the Gas & Electricity Markets Authority (the board of the energy regulator, Ofgem) from 2013 – 2018 and was Ofgem’s Managing Director, Networks from 2003 – 2007. After leaving Ofgem in 2008 he was a member of a panel advising the Department for Transport on the economic regulation of airports and subsequently led a review of Ofwat on behalf of DEFRA and the Welsh Assembly Government.

David has also been a non-executive Director for the Civil Aviation Authority (CAA) since 2009. The CAA is responsible for aviation safety and security; the economic regulation of air traffic control and the major airports; and consumer protection.

David has previously held non-executive roles for various organisations including Pitkin Petroleum plc and Halite Energy plc.