The Energy sector is key to a successful UK Economy and there are opportunities through all tiers of the supply chain - in the established energy sectors, developing Renewables markets, low carbon and new technology.
In 2018, over 25% of the UK's Electricity is supplied by Renewables. Through the summer of 2017 - Solar Power smashed its output record - contributing 25% of the UK's electricity power supply alone.
Construction at Hinkley Nuclear Power Plant is developing a pace - soon there will be a few thousand workers on site - although there is still controversy over increasing costs - approx £1.5 Bn extra as of late 2017.
However, there is still uncertainty in the marketplace - government policy, planning consent issues at local level, feed-in tariffs, project viability for the energy companies and investors, implementation of global policy on climate change and low carbon, aswell as safety issues concerning Nuclear and dcommissioning issues in the Nuclear and the North Seas. Uncertainty in investment decisions, timescales and project delays.
Paris Accord on Climate Change - there has been great support for the Paris Accord from nearly all countries, notably EU, China and India following President Trump's decision to renegotiate the US position - even some US States have indicated that they will continue to target the Acord's objectives independently.
In 2017/18, potential Chinese, Japanese and US investment in the UK energy sector appears to be having a positive impact on project plans for the industry - particularly in Nuclear and Renewables.
GRA keeps up to date with market, new build and investment trends and governnment energy policy, updating information accordingly to identify new opportunities throughout the supply chain. There is increasing emphasis on Low Carbon and ongoing developments in Renewables, aswell as the implementation of nuclear policy.
Energy Mix - Recent Market Developments, Trends and Opportunities include;
- High contribution of Solar Energy - accounting for 25% of UK's Electricity supply.
- Developments in Solar / Photovoltaic technology to increase the adoption rate.
- Hinkley Nuclear Power Plant now well under construction although costs are increasing.
- Conversion of coal power stations to gas and biomass.
- Developments in EfW (Energy from Waste) and recycling generally, reduction in Landfill.
- High growth in Anaerobic Digestion & Biogas - local authority, municipal waste, agriculture and food industry.
- CHP schemes - often joint ventures between Energy and Manufacturing companies.
- Growth in Hydro and uptake of Micro Hydro technology. Steady stream of new projects.
- Total's new Laggan Tormore Natural Gas Plant on Shetland has commenced production.
- Recent tariff agreement, government support and Chinese investment for Hinkley Point, aswell as Japanese and US partnership investment in Wylfa Newydd, nuclear power stations - also a seemingly positive outlook for Sizewell and other nuclear sites.
- Investment in large scale Biomass plants often providing on site energy source for other industries eg Food - for example planned £2bn investment at Holyhead and Port Talbot.
- Limited UK growth in Offshore Wind, consolidation and Round 3 Plans. In 2017 Dong has gone ahead with expansion at Burbo Bank (quadrupling capacity), however other projects eg Celtic Array / Rhiannon and Cumbria have been postponed or delayed indefinitely - creating investment uncertainty.
- Limited implementation in Wave and Tidal projects.
- Shale Gas - recent announcements of government support and financial incentives to explore the potential for shale gas.
- Advances in geological and drilling technology potentially extending scope and life in North Sea Oil and natural gas fields - although the potential has been significantly curtailed by the reduction in oil price and reduction in investment.
There are opportunities for manufacturing and service organisations. GRA targets these opportunities whilst taking into account the challenges facing the supply chain and
overcoming barriers to entry.
Extensive research has been conducted amongst equipment suppliers, specifiers and decision-makers at Energy and Utilities companies, aswell as the manufacturing supply chain. Research and prospecting covers established energy sectors / technologies eg power stations, natural gas, nuclear and CHP aswell as renewables, hydro, AD, biogas, wave, marine current and other developing technologies.
Decision-making procedures are often complex and it is usual to contact many decision-makers across organisations covering; engineering, procurement, maintenance and plant management, project
management, operations, consultants and other specifiers. Information and databases need to be continuously updated and energy project timescales, construction plans and
logistics taken into consideration.
Marketing - Research - Strategy UK & International
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