Thoughts On The Future Of Orkney
This article on the BBC is entitled Orkney Votes To Explore ‘Alternative Governance‘
This is the sub-heading.
Orkney councillors have voted to investigate alternative methods of governance amid deep frustrations over funding and opportunities.
These paragraphs outline the story.
Council leader James Stockan said the islands had been “held down” and accused the Scottish and UK governments of discrimination.
His motion led to media speculation that Orkney could leave the UK or become a self-governing territory of Norway.
It was supported by 15 votes to six.
It means council officers have been asked to publish a report to Orkney’s chief executive on options of governance.
This includes looking at the “Nordic connections” of the archipelago and crown dependencies such as Jersey and Guernsey.
A further change which would see the revival of a consultative group on constitutional reform for the islands was accepted without the need for a vote.
My Thoughts On The Economic Future Of The Islands
The economic future of Orkney looks good.
Tourism and the traditional industries are on the up, but the islands could play a large part in renewable energy.
The West of Orkney offshore wind farm, which will be a 2 GW wind farm with fixed foundations, is being developed and a large hydrogen production hub at Flotta is being proposed, along with the development of a large quay in Scapa Flow for the assembly of floating wind farms.
The West of Orkney wind farm could be the first of several.
If the future wind farms are further from shore, they will most likely be based on floating technology, with the turbines and their floats assembled in Scapa Flow, from components shipped in from mainland UK and Europe.
Political Future
With a good financial future assured, I believe that Orkney will be able to choose where its political future lies. It could be a Crown Dependency or join Norway.
Whichever way it goes, it could be an island that effectively prints money, by turning electricity into hydrogen and shipping it to countries like Germany, The Netherlands, Poland and Sweden!
From a UK point of view, a Crown Dependency could be a favourable move.
Would Shetland follow the same route?
Offshore Hydrogen Production And Storage
Orkney is not a large archipelago and is just under a thousand square kilometres in area.
It strikes me, that rather than using up scarce land to host the large electrolysers and hydrogen storage, perhaps it would be better, if hydrogen production and storage was performed offshore.
Aker Northern Horizons
In Is This The World’s Most Ambitious Green Energy Solution?, I talk about Northern Horizons, which is an ambitious project for a 10 GW floating wind farm, which would be built a hundred kilometres to the North-East of Shetland, that would be used to produce hydrogen on Shetland.
Other companies will propose similar projects to the West and East of the Northern islands.
This map shows the sea, that could be carpeted with armadas of floating wind farms.
Consider.
- There are thousands of square miles of sea available.
- As the crow flies, the distance between Bergen Airport and Sumburgh Airport in Shetland is 226 miles.
- A hundred mile square is 10,000 square miles or 2590 square kilometres.
- In ScotWind Offshore Wind Leasing Delivers Major Boost To Scotland’s Net Zero Aspirations, I calculated that the floating wind farms of the Scotwind leasing round had an energy density of 3.5 MW per km².
- It would appear that a hundred mile square could generate, as much as nine GW of green electricity.
How many hundred mile squares can be fitted in around the UK’s Northern islands?
SSEN Transmission Signs Debut £750m Sustainability-Linked Facility
The title of this post, is the same as that of this news item from SSE.
This is the sub-heading.
SSEN Transmission has signed its first ever sustainability-linked Revolving Credit Facility (RCF), further reinforcing the company’s commitment to sustainability in line with its Sustainability Action Plan.
This is the first paragraph.
The facility has been upgraded to include four key performance indicators, which have been designed to align with SSEN Transmission’s commitment to sustainability, and each indicator will be assessed annually during the term of the loan, thus bringing greater alignment between SSEN Transmission’s sustainability and financing strategies.
It seems to be that SSEN Transmission are benefitting from some innovative financing.
As someone, who benefited from innovative financing from a bank manager in the past, I’m all for more of this, if it helps development of our renewables.
Gresham House Energy Storage Sets GBP80 Million Fundraise
Gresham House Energy Storage Fund must be doing something right, as similar headlines are used in half-a-dozen places on the Internet and they regularly seem to be raising more money.
But then, as a Graduate Control Engineer and a previous owner of half a finance company, I’ve always thought raising money to build batteries was a good idea.
My only niggle with Gresham House, is that I would have thought by now, they would have put some money into building one of the excellent new technology batteries that are coming through.
The storage fund or some of its employees, may of course have contributed to some of the crowdfunding for these new technologies, all of which I feel have a good chance of being a success.
Note.
- Energy Dome is Italian and all the others are at least fifty percent British.
- Most of the British batteries have had backing from the UK government.
- All these batteries are environmentally-friendly.
- None of these batteries use large quantities of rare and expensive materials.
- Energy Dome even uses carbon dioxide as the energy storage medium.
In addition, in Scotland, there is traditional pumped storage hydro-electricity.
Project Iliad
This article on renews.biz has a slightly different headline of Gresham House To Raise £80m For US Battery Buildout.
This is the first two paragraphs.
Gresham House Energy Storage Fund is seeking to raise £80m through a share placing.
The new equity raised will primarily be used to finance 160MW of solar with co-located four-hour battery projects in California, US, known as Project Iliad.
The article then gives a lot of financial details of Project Iliad and Gresham House.
Will Gresham House be backing co-located solar/battery projects in the UK?
- In Cleve Hill Solar Park, I write about a co-located solar/battery project in Kent.
- This press release from National Grid is entitled UK’s First Transmission-Connected Solar Farm Goes Live, which also describes a co-located solar/battery project, being built near Bristol.
These two projects are certainly serious and could be pathfinders for a whole host of co-located solar/battery projects.
WillGresham House back some of this new generation?
Elizabeth Line’s £29million Fares Bonanza As Passenger Numbers Hit New High
The title of this post, is the same as that of this news item on msn.
These four paragraphs outline the story.
The Elizabeth line has enjoyed a £29m fares income bonanza due to record passenger numbers, it was revealed on Wednesday.
But the positive state of its finances – alongside a prediction that it will break even this year – came as line managers belonging to the TSSA union announced they would strike on May 24 in an unresolved pay battle.
This threatens to close the central section of the £20bn line, between Paddington and Abbey Wood, and embarrass Mayor Sadiq Khan and Transport for London as the walkout falls on the first anniversary of its opening.
Latest figures from TfL show the Elizabeth line is carrying 3.5m passengers a week – and at times almost four million.
After the experience of continuously rising passenger numbers after the opening of the London Overground, it looks like the so-called mathematicians of Transport for London have got their numbers wrong again.
I have some thoughts.
When There’s A Sniff Of Money, The Unions Strike
This seems to be the case.
Perhaps Now Is The Time To Expand The Elizabeth Line?
I would add extra services between Oxford and Southend Victoria.
The extra fare revenue could be spent on trains.
MONTE and Eviation Sign Deal For Up To 30 All-Electric Alice Aircraft
The title of this post, is the same as that of this press release from MONTE.
These are the first two paragraphs.
MONTE is delighted to announce that it has entered into a Letter of Intent with Eviation, a leader in clean-sheet, all-electric aviation, to purchase up to 30 all-electric Alice Aircraft.
The Alice is a clean-sheet design, 9-seater aircraft built with industry leading MagniX electric propulsion systems. It is the only flight proven all-electric aircraft of its size. MONTE will provide financing and leasing solutions for the Alice and its associated charging infrastructure to its global customer base of regional aircraft operators.
My experience includes.
- As an engineer, experimenting with battery-powered rechargeable instruments in the 1960s.
- As a pilot, I have over a thousand hours in command of a Cessna 340A, which was powered by two piston engines.
- As a driver, I have owned and driven some of Colin Chapman’s composite masterpieces.
- As a financier, I have owned half of a finance company that leased large trucks.
The Alice may look futuristic, but it is based on proven engineering, manufacturing and aviation principles.
My leasing experience, leads me to believe, that leasing these aircraft could be a sound business.
I am looking forward to my first flight.
US Offshore Wind Pipeline Blows Past 51 GW, Report Says
The title of this post, is the same as that of this article on offshoreWIND.biz.
This is the sub-heading.
The American Clean Power Association (ACP) has released a report on the US offshore wind market, outlining a rapidly growing pipeline of projects across 32 leases totaling 51,377 MW of expected capacity which is enough to power the equivalent of more than 20 million homes.
The American wind market seems to be powering ahead.
If the pattern of offshore oil and gas from the last century, repeats itself, there’s going to be a lot of money made and jobs created.
The report talks of the following.
- 83,000 jobs by 2030.
- $25 billion of economic output.
- Thirty new ships built in domestic shipyards.
Are we geared up for proportionate numbers in the UK?
Seabed Power Grid To Link North Sea Wind Turbines
The title of this post, is the same as that of this article on the BBC.
This is the sub-heading.
A vast power grid on the seabed of the central North Sea is being planned as part of a £20bn project to power oil and gas platforms with green electricity.
Points in the article include.
- There could be more than 400 offshore turbines.
- If they were 15 MW turbines, that would be at least 6 GW.
- The plan could involve 10,000 jobs, many of which could be in the supply chain in Scotland.
- The plan is for three connected large sea areas in the central North Sea covering nearly 400 square miles.
- Infrastructure could be in place by 2028.
- Scotland was among the most investable countries in the world for floating wind farms.
- Partners include experienced companies like NOV, Siemens Gamesa, Siemens Energy, DEME and Worley.
- Nearly a third of the world’s current order pipeline for floating wind is destined for Scottish waters.
In Cerulean Winds Is A Different Type Of Wind Energy Company, I said, the project is privately-funded. and will need no government subsidy .
This article on offshoreWIND.biz is entitled Cerulean North Sea Renewables Grid To Power Oil & Gas Platforms With Floating Wind finishes with this paragraph.
Cerulean has agreed on an approach with its industrial partners early to de-risk the project in the same way other large-scale infrastructure developments are initiated, the company said. In total, the three wind farms could contribute over GBP 12 billion GVA to the UK’s economy.
Do you believe in magic money trees?
The Original Cerulean Press Release
This press release on the Cerulean Wind web site, gives more details.
Read it and you might get some measure of the ambition of the company.
Questions And Thoughts
In Cerulean Winds Is A Different Type Of Wind Energy Company, I answer a few questions at the end of the post, and come to this conclusion.
It looks like Cerulean Winds are a very different energy company.
If you have any more questions, put them in the comments and I’ll answer them, as best as I can in the related post.
Ørsted Posts All-Time High Offshore Wind Earnings
The title of this post, is the same as that of this article on offshoreWIND.biz.
This is the sub-heading.
World’s leading offshore wind developer, Ørsted, has reported DKK 6.9 billion (EUR 926 million) operating profit (EBITDA) for the first quarter of 2023, DKK 2.5 billion less compared to the same period a year earlier.
For those, who are sceptical about offshore wind, these results must surely pour cold water on your views.
The profits also appear to have in part been driven by the commissioning of the Hornsea Two wind farm.
Denmark Launches World’s First Power-to-X Tender
The title of this post, is the same as that of this article on offshoreWIND.biz.
This is the sub-heading.
The Danish Energy Agency (DEA) has invited bids to build and operate Power-to-X projects with a deadline for applications set to 1 September. Through the tender – the first of this kind in both Denmark and the world – the country has made available DKK 1.25 billion (approximately EUR 167.7 million) in state support for the production of Power-to-X in the form of green hydrogen.
This paragraph outlines the deal.
The tender is being held to procure hydrogen produced by using renewable energy sources and is part of Denmark’s goal to reach between 4 and 6 GW of electrolysis capacity by 2030 and its Power-to-X strategy, released in 2021, according to which the country’s offshore wind resources provide good conditions for the production of green hydrogen, which requires large amounts of green electricity.
These are the conditions.
- Only hydrogen that is produced from renewable energy sources and meets the EU’s documentation requirements for green PtX fuels is eligible for support.
- The winning bidder(s) must have the project(s) built to full capacity and start green hydrogen production within four years of signing the contract with the Danish Energy Agency.
The tender has been approved for state aid by the European Commission.
I can see all the large electrolyser builders getting their bids ready for what will be tough competition.
The Anonymous Widower 