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This wasn't covered in any of the episodes of Succession 😃.

Thanks everyone,

I'm trying to understand this better. Is it saying that all parties with a holding of 1% or more in H&W and the target company must make a statement of their holdings by next Friday and subsequently flag up any changes to their holding up to the end Dec date. Is the rationale to have better transparency over how equity ownership in both companies is changing?. What is the rule protecting against?

Gas Networks Ireland

"The HydrogenIreland Annual Conference in Belfast was a huge success with a really strong attendance. Our team along with all the other delegates were energised by a great breadth of discussion across all areas related to Hydrogen from production, storage, transport to end-usage.

Our commitment to decarbonising the gas network as part of an integrated, secure, net-zero energy system is unwavering. With our expertise and reputation for safety and doing what's right, we have the confidence to transition to a cleaner energy future, which will only come from a willingness to learn, adapt, innovate and collaborate widely. Thank you to all the speakers and our own team who contributed on the panels and behind the scenes throughout the conference #Hydrogen #MovingIrelandsEnergy #H2Irl2023"

Many more positive LinkedIn posts under HydrogenIreland

Jayne Brady, Head of NI Civil Service attended and gave a speech.

Https://www.power-technology.com/news/eu-reaches-deal-on-hydrogen-investment-rules/?cf-view

“Investment hurdles in the Commission proposal that would have slowed down the ramp-up of hydrogen have been removed,” said Geier, referring to proposed “ownership unbundling” rules that would prevent network operators from owning gas and hydrogen infrastructure simultaneously.

Countries can now exempt gas grid operators from the requirement to invest in new hydrogen grids through a separate company to those already used to invest in gas, provided operators have less than 100,000 customers.

“This agreement… will boost the deployment of the emerging hydrogen sector, the transition of the gas sector towards renewable energy, and it also sets rules for consumer protection and strengthens security of supply. This is undoubtedly a big step closer to the EU’s goal of reaching climate neutrality in 2050,” said Teresa Ribera Rodríguez, Spain’s Ecological Transition Minister and Council representative on behalf of the Spanish EU presidency.

Https://www.northdevongazette.co.uk/news/home/1359481/opinion-exciting-projects-and-opportunities-on-the-horizon-for-torridge-residents.html

Https://www.pressandjournal.co.uk/fp/business/6274381/ship-building-stornoway-first-time-100-years-goat-island-workshop/

A 10-year lease has been agreed for a 'state-of-the-art' marine engineering workshop.

Interesting development, good to see boat building skills coming to Stornoway with funding. Maybe H&W can work with going forward.

Https://safety4sea.com/eu-reaches-agreement-on-proposed-hydrogen-and-gas-directive/

Partial extract

The Council and the Parliament reached a provisional political agreement on the directive to establish common rules for the internal markets in renewable and natural gases and in hydrogen.

In particular, the directive seeks to facilitate the penetration of renewable and low-carbon gases into the energy system, enabling a shift from natural gas, with a view to reaching the EU’s goal of climate neutrality in 2050.

As explained, this agreement is a great achievement as it will boost the deployment of the emerging hydrogen sector, the transition of the gas sector towards renewable energy and it also sets rules for consumer protection and strengthens security of supply. This is undoubtedly a big step closer to the EU’s goal of reaching climate neutrality in 2050, which we should all be proud of.

The directive is part of the hydrogen and gas markets decarbonisation package, which also includes a regulation. Both the directive and the regulation are part of the Fit for 55 package, and they aim to create a regulatory framework for dedicated hydrogen infrastructure and markets and integrated network planning. They also set rules for consumer protection and strengthen security of supply.

SAFETY4SEA

EU reaches agreement on proposed hydrogen and gas directive

by The Editorial Team November 29, 2023

bp germany hydrogen hub

Credit: BP

The Council and the Parliament reached a provisional political agreement on the directive to establish common rules for the internal markets in renewable and natural gases and in hydrogen.

In particular, the directive seeks to facilitate the penetration of renewable and low-carbon gases into the energy system, enabling a shift from natural gas, with a view to reaching the EU’s goal of climate neutrality in 2050.

As explained, this agreement is a great achievement as it will boost the deployment of the emerging hydrogen sector, the transition of the gas sector towards renewable energy and it also sets rules for consumer protection and strengthens security of supply.

The directive is part of the hydrogen and gas markets decarbonisation package, which also includes a regulation. Both the directive and the regulation are part of the Fit for 55 package, and they aim to create a regulatory framework for dedicated hydrogen infrastructure and markets and integrated network planning. They also set rules for consumer protection and strengthen security of supply.

The Council and the Parliament agreed on the split between Transmission System Operators (TSOs) and Distribution System Operators (DSOs) for hydrogen.

Finally, the provisional agreement provides for increased coordination between network development plans for hydrogen, electricity and natural gas. Network development plans will be built on sector integration, the ‘energy efficiency first’ principle and prioritising the use of hydrogen

Https://www.bbc.co.uk/news/uk-england-devon-67450625.amp

A proposed green energy hub in north Devon could house one of Europe's largest hydrogen plants, experts say.

Levelling Up funding totalling £15.6m has been set aside by Torridge District Council to build the Clean Maritime Innovation Centre at Appledore.

Bosses said the centre would work with ship builders to build clean energy vessels.

The Tower Group is proposing to build a hydrogen production plant nearby to supply the fuel for these vessels.

Alex King, chief executive, said: "We are already behind the curve.

"We need the boats in the water now and the infrastructure already being built.

"We know there will be around 200 new vessels with zero emissions required off the coast of Devon and Cornwall and South Wales by the mid 2030s."

'Huge market'

Building of the centre is due to start in late 2024 and finish by early 2026 - although plans still need to be approved.

Torridge District Council said: "The development will establish Torridge and wider northern Devon as a global-leading research and development destination for innovation in clean maritime technology and support industries."

The Tower Group has submitted documentation to Torridge District Council to outline its intent to build the hydrogen plant, with a planning application expected to be submitted soon.

Prof Chris Smith, from the Centre for Future Clean Mobility at the University of Exeter, said: "If this happens and we can demonstrate we can design, build and power these clean ships to the rest of the world, I know there will be a huge market and hundreds of millions of pounds of investment.

"The plan is to do everything from the innovation of clean vessels, to building those vessels, but also to provide clean fuel to make hydrogen and other clean fuels to power those boats."

Mr King said the initial pilot plant would be a 5 megawatts plant, which could supply power to two boats.

He said the plan was for the plant to expand to 50 megawatts, covering a 10-15 acre site.

To match their full ambitions he said 500 megawatts would be generated on a 80-100 acre site, which both Prof Smith and Mr King said would make it one of Europe's largest.

Tower Group said a timeframe was yet to be confirmed.

In the future, the hydrogen plant hopes to supply fuel to the vessels servicing the floating offshore wind project in the Celtic Sea.

The Crown Estate is currently finalising plans for what will be one of the largest floating offshore wind projects in the world.

The Centre for Future Clean Mobility is also working with companies across the UK and Europe to create new electric and hybrid-powered vehicles and ships.

Hardly a sell off, majority of shareholders are holding and what's trading is noise in volume terms.

Centrica chief executive Chris O’Shea said: “Gas storage is vital to ensure the UK can manage demand effectively, keeping prices down, and Rough contributes more than 50pc of the UK’s total gas storage.”

Britain has limited gas storage sites compared with many of its European neighbours.

Centrica said the country has enough gas stored up to supply demand for 12 days, compared with Germany’s 80 days, France’s 103 and the Netherlands’ 123.

Madsen Pirie, President of the Adam Smith Institute, said that instead of encouraging people to use less electricity, the Government should use tax incentives to increase the supply of energy and gas storage facilities. “We should be tapping the treasure trove of gas under our feet that can prevent future shortages,” he said

Https://www.austal.com/full-vessel-listing

Impressive partner portfolio of ships. I didn't realise they built Dublin Swift for example.

Great find Kaeren and he has posted on the Austal / H&W collaboration

"Exceptional synergy with two unique brands here. Delighted to read this news."

Https://www.gov.uk/government/news/ukef-ceo-response-to-the-autumn-statement-2023

Partial extract

"But we’re determined to go even further. That’s why we’re reviewing our products and services to ensure that they are more accessible. We will reveal more about our plan in the New Year. I look forward to working closely with our partners in industry to unlock the vast exporting opportunities for British firms."

John Davies (AFNI) H&W Technology on LinkedIn 2 weeks ago

" A beautiful day at Harland & Wolff Methil with MD Richard Davidson and the team. We are looking at new opportunities in offshore wind."

Https://ceruleanwinds.com/north-sea-renewables-grid/

Looking at the map, Methil looks well placed as a port to support this.

Https://www.ogv.energy/news-item/cerulean-winds-signs-exclusivity-agreements-for-trio-of-uk-floating-wind-sites

Partial Extract -( maybe what Methil were referring to recently when there was a LinkedIn referring to exploring wind farm opportunities?)

Together these Agreements pave the way for the creation of the North Sea Renewables Grid, a basin-wide green power generation and transmission system that will supply energy to oil and gas assets, helping the sector to hit emissions reduction targets.

At the same time the multi-billion pound project will provide early opportunities to the domestic floating wind supply chain. Cerulean is already in the process of putting the necessary contracts in place to deliver the North Sea Renewables Grid, and the project is progressing through the development phase.

Dan Jackson, co-founder and director, Cerulean Winds, said: “This is a huge milestone in the creation of the North Sea Renewables Grid and we are incredibly grateful to Crown Estate Scotland for their support as we move to the next phase in delivering floating wind at an unprecedented scale in the UK.

“FEED work will begin in earnest with our Tier 1 delivery consortium setting up the packages of supply chain contracts in 2024 that will allow us to build out this development. To support this, we are also investing in new Scottish offices and in advanced talks with local ports and yards.

“The oil and gas industry is required for UK energy security for years to come but must fulfil its decarbonisation commitments. The North Sea Renewables Grid will be a vital cog in achieving that, while also setting the pace for other floating wind farms to follow.”

Independent analysis has shown that Aspen, Beech and Cedar – the three sites that will form the North Sea Renewables Grid – are expected to deliver over £10 billion combined in Gross Value Added (GVA) for the UK.

Across the development, construction, operational and maintenance phases the project is expected to create over 5,000 jobs in Scotland, with first power being targeted for 2028.

In the coming decade hundreds of floating turbines will be installed in waters off Scotland and the UK, and ensuring local companies realise maximum economic value from these projects will underpin a successful energy transition

“This project will deliver vast benefits to the Scottish and UK offshore wind supply chains and - alongside our contractor consortium - we are already in advanced talks with strategic suppliers.

“We all know that green jobs will be the future of the energy industry, and the North Sea Renewables Grid will

Https://www.falmouthpacket.co.uk/news/23952929.penzance-harbour-cornwall-modernised-funding/

Partial extract:

Penzance Town Deal Board in partnership with Cornwall Council successfully bid for a Town Deal worth £21.5 million to support a range of projects that will contribute to the town’s regeneration and boost the local economy.

James Broughton, Penzance Harbour Master, said: "As a commercial harbour one of our statutory duties includes the requirement to operate efficiently and safely. Penzance Harbour welcomes around 115,000 passengers and 16,000 tonnes of freight per year to and from the Scilly Isles, plus additional boat trips.

The start of the harbour’s modernisation plans have begun following investment from the Government’s Town Deal fund. The project, delivered by Cornwall Council on behalf of Penzance Town Deal Board, covers several aspects:

A new freight handling facility at West Quay and improved access for road users between The Quay and Battery Road. The work will start next month with the demolition of the Boston Shed – an 18 metre shed which is in poor condition. Further buildings on West Quay will be removed in 2025 to make way for the new freight-handling facility. This will mean heavy goods vehicles (HGVs) will no longer have to park on the main road, reducing traffic congestion and pollution in the area.

New engineering workshops and harbour welfare facilities for resident and visiting boats on the harbour’s North Arm. The Rank building will be refurbished to house marine engineering facilities, alongside a new harbour office and new accessible shower and toilet facilities and a laundrette area for visiting boats.

A new fully accessible pontoon to cater for the growing demand from cruise ships and visiting crafts. Increased visitors by boat will boost the local economy and the Harbour’s sustainability.

New boat lift crane, eco-friendly marine wash bay and improved winter boat storage facilities.

Enhancement of the public spaces to improve safety of walking and cycling routes.

Modernisation of the harbour facilities

Would tie in nicely with level up funding for ferry.

Https://youtu.be/lX8GV_GPshs?feature=shared

ESB explain event.

High dependence on one storage site does not seem like a sensible strategy for the UK.

Https://ec.europa.eu/commission/presscorner/detail/en/IP_23_6047

Today, the Commission is taking another step to make the EU's energy system fit for the future by adopting the first list of Projects of Common Interest (PCIs) and Projects of Mutual Interest (PMIs) that is fully in line with the European Green Deal.

It includes PCIs, which are projects within the EU territory, and for the first time PMIs, which connect the EU with other countries. The Commission will ensure the projects are swiftly completed and can contribute to doubling the EU's grid capacity by 2030 and meeting its 42.5% renewable energy target.

Out of the 166 selected PCIs and PMIs:

Over half (85) are electricity, offshore and smart electricity grid projects, with many expected to be commissioned between 2027 and 2030. For the first time, hydrogen and electrolyser projects (65) are included, which will play a major role in enabling energy system integration and the decarbonisation of EU industry. The list also includes 14 CO2 network projects in line with our goals to create a market for carbon capture and storage."

Great to see a first list of cross-border energy projects proposals both within the EU territory and also between the EU and other countries.