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Some of our team are at the Energy Ireland 2024 Conference at Croke Park in Dublin.

We have had some very interesting conversations on the need for gas storage, the role interconnection can play and the need for both gas and electricity in a decarbonised future, and look forward to more as the conference continues.

If you're at the conference and happen to see any of our team there, please say hello!

Https://www.irishnews.com/news/business/lidl-to-invest-150m-expanding-northern-ireland-operation-over-the-next-three-years-AKS3R6VIK5FVPHKJCGYE5OKJNM/

Partial Extract

Https://www.agendani.com/energy-security-in-an-all-island-context/

Although Ireland was relatively insulated from the physical risk to security of supply because of gas interconnections to Britain and a low Russian dependence, it is an outlier in the absence of gas storage.

Progress is, however, being made. The Irish Government recently published an Energy Security Strategy, while in the Northern Ireland, the first caverns of the Islandmagee (County Antrim) natural gas storage facility are expected to be operational by 2026.

However, Ó Gallachóir says that in the context of progress of the all-island electricity market, the question has now been raised as to whether storage at an all-island level for gas should be considered.

Concluding, the academic raises some concern that the SEM and the benefits of an all-island approach – not least improved energy security – are underappreciated.

In the context of an ongoing demerger between EirGrid, the Irish electricity grid operator, and the System Operator for Northern Ireland (SONI), he says: “I would hope that as we move forward, we refocus our efforts on ensuring we look at energy security, not just through the lens of each jurisdiction, but on an all-island basis.”

David Kirwan, Bord Gáis Energy: "If you take the Irish system, where we will have surplus offshore wind… there is an economic case for the storage of hydrogen. Estimates would be €90 for MWh for hydrogen."

Expect H&W Islandmagee Energy will be mentioned in relation to second point

Our next speaker is Brian Ó Gallachóir, Associate Vice-President of Sustainability at University College Cork, who talks about energy security in an all-island context.

He says that the Single Electricity Market is the "golden goose" of the Good Friday/Belfast Agreement, that electricity end users benefitting from an all-island market, and that the all-Island market has accelerated greater wind integration.

However, he also says that short to medium term generation adequacy projections are "worrying", and makes two suggestions:

1. An all-island grid study for net-zero electricity system by 2035

2. Exploration of gas storage on an all-island basis

#EnergyIreland

Https://www.energyireland.ie/conference-2024/

Islandmagee could have a role to play with gas / hydrogen storage facility to support UK / Ireland energy transition and all island Ireland economies.

Https://www.economy-ni.gov.uk/news/hargey-says-path-net-zero-tremendous-economic-opportunity

Minister Hargey says path to net zero tremendous economic opportunity

The Minster was speaking as she jointly opened ‘Energy Ireland’ alongside Minister for Environment, Climate and Communications, Eamon Ryan today in Dublin. The Minister presented an Economic vision for the North that prioritises decarbonisation and creates a just transition to net zero that delivers economic prosperity, increases productivity, and addresses regional imbalances for all.

Addressing over 300 delegates from across the energy sector, Ms Hargey said:

“I welcome the opportunity to speak at today’s Energy Ireland conference. Decarbonisation is a key objective of our Economic Vision. This Vision embraces the transition towards net zero as both a moral necessity, and a tremendous economic opportunity.

“As a small region, the North is already leveraging our strengths in innovative engineering and advanced manufacturing alongside capitalising on our unique dual-market access to deliver low and zero carbon solutions that are in global demand. The solutions this island needs to deliver net zero are the solutions that the rest of the world needs too. It only takes a tiny proportion of this global market opportunity to deliver significant prosperity for citizens across Ireland.”

The Minister concluded by committing to work in partnership with Minister Ryan to deliver net zero:

"I will continue to work collaboratively and strategically with Minister Ryan, government, business, and academia across the island on the investments needed to realise our renewable energy aspirations so that the whole island can be a beacon in the delivery of net zero.”

Visiting #CNE24 today? Don't forget to head to Future Surface Fleet Theater A at 2:45pm to hear our CEO John Wood talk about the role Harland & Wolff is playing in the delivering the National Shipbuilding Strategy, growing the UK industry and investing in communities and technologies across the UK.

Https://www.gov.uk/government/news/deal-reached-on-interim-fiscal-framework-for-northern-ireland

Hopefully positive for Northern Ireland.

IMF recommending 7 (seven) rate cuts for Bank of England by end 2025 which would take base rates down to 4.5% by end this year and 3.5% by end of next year, as part of its Article IV health check of UK economy… part of “soft landing” it says UK on course for.

Ben Murray LinkedIn comment

Really good to welcome Cathal Geoghegan and Suzanne Wylie to Harland & Wolff yesterday as Cathal reflects on his term as President of NI Chamber.

In many ways the rejuvenation of H&W embodies the positivity and energy felt across the NI economy. There are tremendous opportunities for NI businesses and H&W looks forward to working with the Chamber to realise them for the benefit of all.

Https://www.northernirelandchamber.com/ni-chamber-news/in-my-final-article-for-this-newspaper-as-ni-chamber-president-it-feels-fitting-to-reflect-on-the-year-just-past/

Thomas Rooney, Senior Business Development Manager (Defence and Government) at Harland and Wolff.

I understand at the conference with Mark Lawther also. Impressed by both.

Https://uk.finance.yahoo.com/news/bank-england-rate-cuts-imf-112320223.html

Https://www.parliamentlive.tv/Event/Index/fb4f1a34-ce03-4077-8041-98b9e020d7aa

From 11:19:17 interesting to hear Duncan Clarke, Head of Orsted UK and Ireland articulate the platform and components that is required to support industry including deep water ports investment for offshore wind.

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Home ShipbuildingShipbuilding sector, trade unions demand EU maritime industrial strategy

Shipbuilding sector, trade unions demand EU maritime industrial strategy

REGULATION & POLICY

May 20, 2024, by Naida Hakirevic Prevljak

The Shipyards’ & Maritime Equipment Association of Europe (SEA Europe) and the federation of trade unions industriAll Europe – the social partners for shipbuilding and ship repair – have called on the next European Commission to issue ‘a robust EU maritime industrial strategy’.

Illustration. Source: Pixabay

This call, echoing the Antwerp Declaration for a European Industrial Deal – emphasizes the urgent need to fortify strategic European industrial sectors amid geopolitical dynamics.

The proposed European maritime industrial strategy will enable European shipyards and maritime equipment manufacturers, as well as their employees to maintain Europe’s position as a global technology leader while regaining strategic markets and tapping into emerging markets.

To that end, the EU must not only safeguard but also reinforce its industrial production capacity, according to the associations.

Such industrial strategy would also support the business case for sustainable and digitalized vessels.

The key pillars of a future European maritime industrial strategy are four-fold: reinforce Europe’s industrial sovereignty and competitiveness; a supportive regulatory framework; reinforce Europe’s technological leadership; and attract a skilled workforce.

Policy recommendations are the introduction of “Made in Europe” requirements in strategic public procurement markets; the introduction of financial incentives to narrow the price gap between European and Asian shipyards; and conditionalities in EU financial instruments to prevent investments outside Europe.

To attract a skilled workforce, the social partners propose, amongst others, to better promote the maritime technology industry as an attractive sector, to develop a Just Transition policy framework to anticipate and manage changes in the maritime industries, with access to quality training for all workers at its core, or to support companies’ efforts to upskill and reskill workers.

Besides calling for a maritime industrial strategy, the social partners also re-emphasize the importance of the Shipbuilding Pact for Skills and reiterate the need to set up a Maritime Expert Group to discuss and elaborate the proposed policy recommendations.

SEA Europe and industriAll Europe furthermore stress the significant role of social dialogue and workers’ participation in building a sustainable and resilient maritime technology industry.

“The maritime technology industry can have a green and prosperous future, and there is a real opportunity for Europe to lead in this important field. European workers have a vital role to play in this respect. We urge policymakers to support the sector and its worke

Https://www.offshore-energy.biz/shipbuilding-sector-trade-unions-demand-eu-maritime-industrial-strategy/