Member Info for LSE03

We'll agree to disagree. IM has the potential to support NI economy/jobs, energy security and the transition to net zero for Ireland and UK. IM storage also has the potential support a diversified energy storage portfolio and reduce UK vulnerability to supply issues from for example Rough.

Gas storage in the UK is "materially behind" Europe, Mr O'Shea added and there was a need to expand storage.

Https://news.sky.com/story/uk-gas-storage-materially-behind-european-neighbours-centricas-chris-oshea-says-12922851

Https://www.gov.uk/government/speeches/defence-secretary-oral-statement-defence-command-paper-2023

Nicd to see Ben Wallace at House of Commons, thanked by Gavin Robinson, Defence Spokesperson and Deputy Leader DUP for reinvigoration of shipbuilding in Northern Ireland through support for Harland and Wolff.

Ben Wallace's last day at despatch box expected tomorrow - not clear what business he is bringing to the House.

Https://www.maritimeuk.org/events/events/national-and-regional-clean-maritime-demonstration-competition-cmdc-updatenetworking-events/?_cldee=HWQsCSBQIFYecaaXAsPK_uaEn1f5jT-SQx4HTJdGvs5sJphX5dbzN3bBq_IuGBCi&recipientid=lead-a4cc4ab682d7ed11913a0003ff727433-15edd52ca17b4c83bd0d2d2cd20637f8&esid=c665e7d0-4425-ee11-a2f0-00155d019359

Hopefully H&W are attending.

Https://www.gov.uk/government/news/refreshed-defence-command-paper-sets-out-future-for-armed-forces

Https://app.powerbi.com/view?r=eyJrIjoiYWQwYTEyMDUtNDMzZC00N2Q2LWFhNGMtNjE0ZmFhODIyOTFkIiwidCI6ImU2ODFjNTlkLTg2OGUtNDg4Ny04MGZhLWNlMzZmMWYyMWIwZiJ9

This portal looks interesting as a potential repository of tenders and collaborating companies.

Great finds Kaeren

https://oeuk.org.uk/product/harnessing-the-potential/

Https://www.forces.net/politics/defence-command-paper-2023-you-will-see-it-next-week-says-sunak

Https://www.gdgeo.com/news/national-report-launched-highlighting-the-urgent-need-for-port-funding/

The Irish Port Funding Study has been part-funded by the following organisations: Belfast Harbour, DP

Energy, ESB, Inis Offshore Wind, Ocean Winds, Ørsted, RWE Renewables and Source Galileo.

So these sponsoring organisations know from the study the Belfast port is currently best placed for offshore wind support.

Hopefully Belfast Harbour / H&W ( for all our ports) is also applying for FLOWMIS funding ( applications deadline in August) for further port development. Maybe EU funding is also available.

This report highlights that state support is necessary to develop ports and gives examples of this.

Https://www.energyvoice.com/renewables-energy-transition/wind/uk-wind/517705/chinese-turbine-manufacturer-exploring-setting-up-shop-in-scotland/

Https://opergy.co.uk/

https://opergy.co.uk/opergy-group-and-mingyang-smart-energy-group-announce-partnership-to-drive-offshore-wind-expansion-in-the-uk/

Interesting new partnership - can H&W be part of supply chain?

"The partnership aims to accelerate the development of UK offshore wind projects, with Mingyang already one of China’s largest manufacturers of wind turbines, as well as supporting the development of onshore wind, hydrogen, and solar initiatives across the UK."

"Hydrogen storage is required to benefit from temporal balancing through flexible electrolyzer operation. We find cost-optimal storage capacities between 26 and 43 TWh with a hydrogen network and 21 and 22 TWh without a hydrogen network while featuring similar filling level patterns throughout the year (Figure S49). Almost all hydrogen is stored in salt caverns, exploiting vast geological potentials across Europe, mostly in Northern Ireland, England, and Denmark."

This seems an important research study potentially supporting IM business case. Maybe direct contact with researchers can provide useful analysis supporting IM business case / valuation.

Detailed Report

https://www.sciencedirect.com/science/article/pii/S2542435123002660

Https://www.pv-magazine.com/2023/07/14/the-hydrogen-stream-hydrogen-grid-could-cut-europes-costs-by-3-4/

Technische Universität Berlin researchers say a hydrogen network connecting regions with low-cost renewable potential to demand centers, electrofuel production, and cavern storage sites in Europe could reduce system costs by up to €26 billion ($29.2 billion) a year. “The presence of a new hydrogen network can reduce system costs by up to 3.4%,” wrote the researchers. They say that between 64% and 69% of the hydrogen network could reuse gas pipelines and that expanding both the hydrogen network and the power grid would help meet net-zero emission targets, cutting costs by 9.9%, or €72 billion per year.

Thanks Kaeren,

The newspaper article inside was very interesting - confirms barges are being made at Methil.

https://www.scotsman.com/business/fife-fabrication-yard-can-play-key-role-in-efforts-to-boost-energy-security-4218710

Https://www.rte.ie/news/business/2023/0714/1394513-bord-na-mona-green-hydrogen-plant/

Https://techbuzzireland.com/2023/07/13/bord-gais-energy-welcomes-national-hydrogen-strategy-as-a-keystone-to-ireland-becoming-a-green-energy-powerhouse/

A conversation could be had with Centrica on Islandmagee potential.

Https://www.centrica.com/media-centre/news/2023/spirit-energy-welcomes-licence-award-for-world-leading-carbon-storage-facility/

I see Centrica is a major shareholders of Spirit Energy.