Member Info for LSE03

Https://www.pv-magazine.com/2023/11/24/the-hydrogen-stream-germany-italy-plan-hydrogen-pipeline-to-north-africa/

Https://www.bbc.co.uk/news/uk-england-cornwall-67518645.amp

Steve Sims, Isles of Scilly councillor and lead member for economy, tourism and transport, said he was "surprised but not shocked" by news of the bid, and that "people are genuinely worried" about the future of transport links.

He said: "The council does not have sufficient information to be positive about this. At the moment it is quite a pessimistic outlook I think.

"There is a lot of speculation about what all the companies involved are going to do. There is no hard information and people are genuinely worried."

No never been :)

60% Discount

Https://www.cityam.com/harland-wolff-look-to-boost-footprint-with-proposed-ferry-deal/

Who you calling hen :):)

Interesting development, logically confidence around funding position is there.

Https://www.h2-view.com/story/e800m-european-hydrogen-bank-auction-launched/2102603.article/

Today’s launch is about connecting supply and demand for renewable hydrogen,” said Maroš Šefčovič, Executive Vice-President for European Green Deal, Interinstitutional Relations and Foresight. “It is about creating transparency about price points, which will help kickstart a European hydrogen market.”

AG Image for 395212618

Wopke Hoestra, Commissioner for Climate Action, added, the auction sends a “clear signal” that Europe is “the place to invest” in renewable hydrogen production.

The European Hydrogen Bank auction came after the US passed the Inflation Reduction Act (IRA), offering a production tax credit of up to $3/kg of clean hydrogen.

On Monday (November 20), European Commission President, Ursula von der Leyen has announced plans for a second European Hydrogen Bank auction round, with a total value of €3bn ($3.28).

Https://parliamentlive.tv/Event/Index/d11e9bc6-04c3-43d8-8889-74945cb28035

Quite a robust exchange at points on army readiness / capability to sustain operations in a state v state conflict. Navy preparedness covered around 15:56.

Provides a good insight into army preparedness/concerns. Recruitment issues are discussed frankly. Both witnesses are impressive.

Having listened to it, hard not to be left with the impression that the committee will argue for an increased defence budget going forward.

I see it as a sensible step taken by the party in opposition who may be elected as the next UK government.

Https://www.newcivilengineer.com/latest/new-british-infrastructure-council-meets-to-discuss-investment-needs-22-11-2023/

Https://youtu.be/5tZ6aKqn18w?feature=shared

Explains Centrica's perspective on the future of hydrogen and what they are doing to push their position. Highlights the importance of large scale storage eg how without it curtailing 7-9 TWh of renewable electricity will cost £600m p.a. by 2030. Hydrogen Storage covered from about 36 minutes in.

Https://www.politico.eu/article/germany-and-uk-in-talks-over-400-mile-hydrogen-pipeline-under-the-north-sea/

Published on Nov 16th but shows that governments are actively considering building new hydrogen pipelines and so integrating hydrogen energy supply between nations. Expect both UK and RoI governments to engage on initiatives like this to ensure the island of Ireland benefits both economically and from an energy security perspective.

Https://www.theguardian.com/business/2023/nov/22/grangemouth-oil-refinery-to-shut-down-raising-concern-for-500-jobs

Jeremy Hunt will unveil the biggest business tax cut in half a century on Wednesday as he puts boosting economic growth at the heart of his Autumn Statement.

The Chancellor will permanently extend “full expensing”, which allows companies to claim back up to 25p for every pound invested and which had been due to end in March 2026."

Confirmed as permanent

Daily Telegraph

Partial extract

"Jeremy Hunt will unveil the biggest business tax cut in half a century on Wednesday as he puts boosting economic growth at the heart of his Autumn Statement.

The Chancellor will permanently extend “full expensing”, which allows companies to claim back up to 25p for every pound invested and which had been due to end in March 2026."

With NSEC

https://www.gov.uk/government/news/uk-signs-agreement-on-offshore-renewable-energy-cooperation

With Republic of Ireland

https://www.gov.ie/en/press-release/eb0e4-minister-ryan-announces-new-energy-cooperation-agreements-with-united-kingdom/

So UK has signed energy cooperation MOU's recently to collaborate with 9 countries.

Https://www.gov.uk/government/news/uk-signs-agreement-on-offshore-renewable-energy-cooperation

The agreement between the UK and the North Seas Energy Cooperation (NSEC) sets the framework for greater cooperation with North Seas neighbours.

Collaboration on development of offshore renewable energy and grid infrastructure essential for meeting UK net zero commitment and bolstering European energy security

Initiative expected to support the UK’s ambitious targets to increase offshore wind fivefold to 50GW by 2030.