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UK Net Zero economy grows to £83bn | United Kingdom

The UK Net Zero economy is worth £83.1bn and 16% larger than the regional economy of the north-east, according to a new Confederation of British Industry (CBI) Energy & Climate Intelligence Unit report. The growing sector accounts for 951,000 full time jobs across 22,800 businesses, representing 2.9% of total UK employment. For every job supported by Net Zero businesses, a further 2.5 are supported in the wider economy, the report notes. The three largest sectors are renewable energy planning database, renewables and waste management and recycling followed by low carbon energy generation, diversion of biodegradable waste from landfill and low carbon consultancy, advisory and offsetting services. Carbon capture is the smallest segment, with 279 companies. West Midlands, Yorkshire & Humberside and south-west region are the largest contributors to the Net Zero economy while Tyne &… Read More »UK Net Zero economy grows to £83bn | United Kingdom

Saipem and Subsea7 unveil merger plan

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Italy’s engineering, drilling, and construction services giant Saipem has signed a memorandum of understanding (MoU) for the possible merger with UK-based energy player Subsea7. The post Saipem and Subsea7 unveil merger plan appeared first on Offshore Energy.

Three bound4blue eSAILs installed on EPS’ tanker

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Spain’s automated wind-assisted propulsion system specialist bound4blue has completed the installation of its suction sails on a tanker vessel owned by Singapore’s Eastern Pacific Shipping (EPS). The post Three bound4blue eSAILs installed on EPS’ tanker appeared first on Offshore Energy.

ScottishPower and Shoreham Port reveal plans for green hydrogen plant

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UK’s Shoreham Port has formed a partnership with ScottishPower, a part of energy company Iberdrola, to explore the development of a green hydrogen production facility. The post ScottishPower and Shoreham Port reveal plans for green hydrogen plant appeared first on Offshore Energy.

Hydrogen and ammonia gain from high efficiency electrolysis | Hydrogen

Ceres is developing its solid oxide electrolyser cell (SOEC) technology for low-carbon hydrogen and ammonia production, citing efficiency and thermal integration benefits. Speaking in gasworld’s webinar, ‘Hydrogen and ammonia: cracking the future of clean energy’, Deepak Mistry, Strategic Business Development Director at Ceres, outlined how the company’s technology could reduce both capital and operational costs while supporting industries where electrification is not an option. Electrolyser efficiency: Cutting energy use by 30% Ceres’ SOEC technology operates in reverse from its fuel cell technology, producing hydrogen from steam with efficiencies of 37 kWh per kilogram, 30% lower energy consumption than conventional alkaline or PEM electrolysers. … to continue reading this article and more, please login, register for free, or consider subscribing to gasworld Source link

Multimillion-dollar job across Shell’s assets keeps Wood busy in UK

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Wood is staying for two more years on duty with Shell, thanks to a contract extension, which covers the British oil major’s onshore and offshore portfolio in the United Kingdom. The post Multimillion-dollar job across Shell’s assets keeps Wood busy in UK appeared first on Offshore Energy.