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122k shares in blue .
We will soon see hopefully see more activity on this share when these consumer staples start showing sale slumps keep the faith . Construction as a whole have had a good day . Ps I've had a couple of beers
Costainonly the excitement! Let's hope they let us know some good news one day. They may make a profit on a contract then champagne.
Fantastic last 2 day's let's hope it continues!
Gla
Wowww unbelievable buzzing just trying to get my head round the rise . Correct me if I'm wrong but it looks like more sales than buys . The only really relative news last few days I can find is the CEO bought about 4k worth of shares a few days ago did he know something we didn't and on his wages you would have thought he'd be filling his boots
https://www.hydrogenfuelnews.com/costain-and-gas-networks-collaborate-on-hydrogen-feasibility-study/8540801/
This looks interesting...
Slow today...........expecting next leg up?
Gusto 1. I confess I do not really understand it, but they obviously feel there is something to be gained on the green side - carbon capture, hydrogen and all that as per their RNS which I mentioned in an earlier post. They say they think them having obtained key positions is of future signifince - bit different from digging a hole. And I wait for something happening for them to monetise the science and experimentation.
This is transport - but there seems a growing interest in hydrogen and the green agenda.
https://www.transportxtra.com/publications/local-transport-today/news/67214/as-hydrogen-booms-leading-uk-companies-to-speak-at-european-hydrogen-seminar
Hydrogen again. Costain also working at it. Something for the future, perhaps.
https://www.theconstructionindex.co.uk/news/view/demonstration-project-showcases-hydrogen-heating-for-homes
@RALEIGH
Incredible that they are getting involved in domestic boilers . Is this what they mentioned leaning towards digital technology.
I do not suggest that at all. Costain has an interest in hydrogen, things green, probably on the industrial/supplier side. As per. their recent RNS they say they are positioned for future prospects.
An illustration only of developing possibilities for the gas.
@Raleigh
Looks like The existing gas lines can be used to change to hydrogen gas . very vague as to whether Costain will be involved in building hydrogen plants or laying a new nationwide network but encouraging news and More work !!!!!
I am guessing that it is in the tech and infrastructure needed to feed the networks with a proposed gas mix, though I am technically inept. I keep harking back to this, an emphasis on green stuff, in which hydrogen has a place. It is apparent they are waiting for the take-up they see as being around the corner.
"Although we are mindful of the macro-economic uncertainties ahead, Costain is in a strong position with secured long-term programmes and a positive market backdrop, in particular the UK Government's drive to progress investment in infrastructure so that it is better, greener and faster in support of the nation's economic recovery."
and
"In the period we secured leading roles in the future decarbonisation of the UK through three UK carbon capture and storage clusters schemes, as well as delivering a number of firsts in the UK decarbonisation space; first trial of hydrogen into regional distribution network; first in network gas compression for Biogas; first carbon capture scheme; and first Microgrid and resilience as a service project for SSEN. While the pace of the UK transitioning to a decarbonised energy network is slower than expected, we have secured key positions to exploit the future opportunities."
And globally, carbon capture schemes seem to be gaining traction. Just something at random, really.
https://www.drax.com/technology/5-projects-proving-carbon-capture-is-a-reality/
Probably not new to most on here, but this is the basis of the hydrogen thing.
https://www.constructionmanagermagazine.com/costain-explores-hydrogen-transport-through-gas-network/
This article has helped my understanding of the direction of travel, and the link between hydrogen as a fuel and carbon capture.
https://www.theguardian.com/science/2020/mar/21/is-hydrogen-the-solution-to-net-zero-home-heating
I am just picking the bits apart in the RNS paras I mentioned in my post of 1737 last Friday and putting some context on here when I feel like it. Apologies to those who have an existing understanding of what Costain are at.
Moving from carbon capture and hydrogen to the SSEN reference, micro grid and resilience, this seems as good as any.
https://www.costain.com/news/news-releases/costain-partner-with-scottish-and-southern-electricity-networks-and-eon-to-help-improve-network-resilience-in-rural-parts-of-the-uk/
It would seem the work undertaken with SSEN is of national significance.
"Costain will also deliver reputable programme management services and leading work to develop the future supply chain that will enable a competitive market for the provision of resilience to all GB Distribution Network Operators (DNOs)."
Computer says 14 large DNOs in Britain.
@Raleigh
Thankyou for the information Raleigh .
Seems with the announcement of petrol and diesel cars . The bigger picture is that UK has signed up for zero emissions by 2050 this could be absolutely hugely significant for Costain and the future of the UK energy direction.
P.S I'm passing this information on the Lloyds BB as they are having a debate on petrol and diesel cars .
I am just exploring a little for myself and putting it on here. But Costain do say " We continue to drive the transformation of our energy sector ........."
It does not grab the eye particularly and is only a small part of the results report. Anyway, moving onto the last bit:-
Biogas compression.
Costain say "first in network gas compression for Biogas"
Quote from National Grid 26th. October - Isabelle Haigh, Head of Plant Operations for National Grid, said: “Maintaining our compressors, pipelines and gas turbines is vital to the safe, secure and reliable operation of our gas network, but we’re also investing in transformative engineering and cutting-edge technology to help the country hit its net zero carbon target by 2050.
We are working hard to explore moving from natural methane used in the gas network to the cleaner alternatives of hydrogen and biogas........
I have had to trawl a bit on that but my understanding is that traditionally biogas has been compressed in pressurised containers, but Costain is the first to enable the means of delivering it at sufficient pressure into a gas network.
By the way, I welcome any comment putting me right on this and previous posts. DYOR and all that.
https://www.hpmmag.com/news/hydrogen-ready-boiler-definition-established in advance of possible roll out of hydrogen for heating.
These are very early development stages for potential hydrogen use. A key first for consumers transitioning to hydrogen is the ability to supply through existing gas networks along with natural gas and then a mechanism of splitting the two at the point of consumption into one or the other, or a user required mix. A blend containing 20% hydrogen presents no challenge at point of use anyway.
https://www.costain.com/news/news-releases/costain-part-of-proving-hydrogen-can-be-distributed-via-existing-gas-networks/
They now need to prove the de-blending concept, before they are ready to go on demand from suppliers and consumers.
In the hydrogen respect and their other decarbonisation schemes, Costain say
"While the pace of the UK transitioning to a decarbonised energy network is slower than expected, we have secured key positions to exploit the future opportunities."
It seems that Costain has taken an early position to benefit from the net zero 2050 UK Govt. aspiration and I believe that there will be increasing pressure on suppliers and industry ( energy as a broad heading is by far the biggest polluter ) to decrease emissions, hence the work on various Costain projects, as there is encouragement now for homeowners to 'go green', to meet target.
All this green stuff, with a lot in the mix over time, is very much coming up everyone's agenda, particularly with efforts to rebuild the economy through construction. And already as of of April 2019 on the global warming front large UK companies were required to report publicly on their UK energy use and carbon emissions within their Directors' Report.
And Costain ( with an in house group carbon manager) work to practice what they preach.
https://www.costain.com/news/news-releases/costain-commits-to-deliver-low-carbon-whole-life-solutions-to-every-client-by-2023-and-to-be-net-zero-by-2035/
Done gassing.
http://www.tunnelsonline.info/news/new-ice-president-skinner-warns-over-carbon-emissions-8365383
BBC NEWS DAILY
By Victoria King
Climate action plan
Donald Trump and Joe Biden during the final TV debate
The prime minister has set out plans for a so-called "green industrial revolution", including a UK-wide ban on the sale of new cars wholly powered by petrol and diesel by 2030. The original target was 2040, and the new date is thought to be the second most demanding timeline in the world. Some hybrid vehicles will be exempt from the ban. Electric car owners will get continuing subsidies and £1.3bn will be invested in the car charging network.
The 10-point plan will include a big push on generating energy from renewable sources, specifically offshore wind and hydrogen, and give a much bigger role for nuclear. Much of the spending is concentrated on old industrial areas, including stimulus for new clean energy hubs in north-east England. Some policies will directly affect people in their homes too, with better insulation a top priority and a ban on gas heating in new houses from 2023.
Bit more. Carbon capture and hydrogen.
https://www.theconstructionindex.co.uk/news/view/johnson-sets-out-10-point-plan-for-green-revolution