The North East - a Power in the Energy Industry; Mark Whitehead, Partner and Head of the Energy Group at Ward Hadaway, Looks at Why the Energy Sector Could Be Powering the Fastest 50 for Years to Come
HISTORICALLY the North East has been at the forefront of the energy industry, from the innovative work of Thomas Swan, Charles Parsons, Merz & McLellan to the development of the country's first three phase electrical network.
Whether onshore or offshore, the region continues to lead the field in various aspects of the sector, delivering growth opportunities for an increasing large section of business.
The region boasts globally recognised renewable energy technology innovators, offshore technology suppliers, international energy consultants, project developers, specialist power engineers and pioneering energy efficiency businesses, all generating growth and profit from the sector in the UK and further afield.
More recently, significant opportunities have arisen out as the country looks to address its national energy requirements through a combination of reduced consumption through innovation and increased power generation.
The combination of climate change targets, security of supply and cost challenges have led to development of a range of renewable power projects for independent generators within the region. Each of these projects has signalled the ability of the North East supply chain to design, construct and operate important 21st century power infrastructure.
Examples of this include the Wilton 10 and Wilton 11 projects at SembCorp, and the AirProducts Tees Valley Renewable Energy project, as well as smaller power generation projects at Emerald Biogas, JFS Howla Hay Biogas, and Earthly Energy. …