SNP Ban On ‘Munitions’ Funds Puts Scottish Shipbuilding On The Line
The title of this post is the same as that of this article on The Times.
This is the sub-heading.
The president of Rolls-Royce submarines says plans for a world-class welding centre on the Clyde are at risk of being cancelled within days
These three paragraphs add more details to the story.
Ambitious plans to reverse a historic decline in Scottish shipbuilding are at risk after a £2.5 million taxpayer grant was axed due to an SNP ban on “munitions” funding.
A plan to build a specialist welding centre on the banks of the Clyde is now in grave doubt after Scottish Enterprise, the national economic development agency, was accused of reneging on a pledge to fund a building for the world-class facility.
Rolls-Royce, which is ready to support the project by providing £11 million worth of specialist equipment, expressed “dismay” at the news, saying the project had been classified as a “munitions” scheme solely on the basis that it would “support the construction of naval vessels”.
Given the experience of the Scottish Government in building ferries is documented in this Wikipedia entry, which is entitled Scottish Ferry Fiasco, the SNP must know something about how not to build ships.
The comments from readers of the Times Article are scathing, with many coming from those with Scottish names.
Welding And Nuclear Power
It doesn’t mention the other big use for welding in this article and that is in the manufacture of nuclear reactors. In fact one of the members of the Rolls-Royce consortium, that will build their small modular nuclear reactors is The Welding Institute – No prizes for guessing what they do!
Does that mean that Scotland won’t have anything to do with small modular nuclear reactors? Either in their manufacture or use.
This article in New Civil Engineer is entitled UK Plans New Nuclear Plant In Scotland Despite Scottish Government Opposition.
So if the Scottish Government wants nothing to do with making expensive, quality vessels for the nuclear industry, Rolls-Royce would surely be better building the welding centre in an area of the UK that would appreciate it.
Scots In High Positions Of Power
I like Scotland and the Scots and possibly, at one time, with all the North Sea Oil and Gas, I could have thought about relocating North of the Border. But I’m very glad I didn’t!
It does seem to me though, that when some Scots get to high positions of power, that they lose all sense of reason.
I would nominate.
- Fred the Shred
- The SNP
- That half-Scot, who was lucky enough to be elected US President twice.
There must be a few others.
Sport England Funds Leisure Centres Rooftop PV Installations
The tiitle of this post, is the same as that of this article on Solar Power Portal.
These two introductory paragraphs give a few more details and describe two installations.
Two local authority-owned leisure centres have received rooftop solar panel installations thanks to funding from Sport England.
Sport England’s Swimming Pool Support Scheme is a national scheme that has thus far distributed over £80 million to improve the energy efficiency of public swimming pools across the UK. Most recently, Workington Leisure Centre in Cumberland has installed a 160kW solar array, while Witham Leisure Centre near Braintree, Essex, has completed a 407kW solar panel installation.
After reading the whole article, it looks to me that leisure centres with their large areas and generous car parking, are a good application for solar panels, that can be of benefit to users, operators, solar panel installers and their financiers.
My experience of finance was mainly in providing funding for vehicles, but once a finance company finds a profitable niche, they are good at exploiting it.
Out of town retail premises and sports stadiums could be other profitable applications.
I Keep Getting Offers Like This
This is an offer, I received from Nationwide.
Make things happen in 2025. You could borrow £7,500 – £25,000 over 1 to 5 years with a rate of 5.9% APR Representative.
Note.
- I have banked with them for probably twenty-five years.
- I got this after, I had successfully logged in.
- I don’t really need the money.
I have also received unsolicited offers from other well-known banks.
In Is Internet Security Sometimes Over Secure?, I described how eBay seemed to have stopped me from using my credit cards on-line.
Marks & Spencer cleared that bother up for me and the offers started after they did.
But at least, since the trouble with eBay, I’ve not lost anything to scammers, although eBay might have.
Is it just a coincidence, that the offers started after Marks & Spencer cleared up my credit rating or does it always happen, when your credit rating improves?
It could also be that the banks have masses of money to lend and no-one is borrowing anything.
The 7 Largest Dow Jones Net Drops In American History
Somebody posted these as a comment on The Times.
- 16th March 2020 -2,997.10
- 12th March 2020 -2,352.60
- 9th March 2020 -2,013.76
- 11th June 2020 -1,861.82
- 4th March 2025 -1,679.39
- 11th March 2020 -1,464.94
- 18th March 2020 -1,338.46
All were when Trump was president.
Somebody else said, That he’s good at losing other people’s money!”
Another added. “Trump is also good at losing his own!”
Education Secretary Suggests End Of Free School Meals For Some Infants
The title of this post, is the same as that of this article in The Times.
This is the sub-heading.
Bridget Phillipson has put forward a £500m package of savings in negotiations with the Treasury
Welcome to the Summer of Discontent.
We’re Taking Money Out Of Government, Says Starmer As Cuts Loom
The title of this post, is the same as that of this article in The Times.
This is the sub-heading.
Rachel Reeves faces a showdown with unions over plans to slash government running costs, which may mean the loss of five times more Whitehall jobs than previously planned
Welcome to the Summer of Discontent.
Thousands Of Jobs To Be Axed In Great Rail Shake-Up
The title of this post, is the same as that of this article in The Times.
This is the sub-heading.
Most of the cuts are expected to be in back-office roles where staff are not members of the most active transport trade unions
Welcome to the Summer of Discontent.
Sunset Studios Pivots From Plan To Develop Major Soundstage Complex Outside US
The title of this post, is the same as that of this article on the Hollywood Reporter.
This is the sub-heading.
Operator Hudson Pacific and investment giant Blackstone had envisioned a 91-acre site in North London to have 21 soundstages totaling 470,000 square feet.
These two paragraphs give more details.
Plans have been formally put on hold for a 91-acre film and TV soundstage complex outside of London that had been billed as a major foray for the Sunset Studios brand outside the United States.
Sunset Studios, owned by operator Hudson Pacific along with significant investor Blackstone, had announced the project in 2021 during what may have been the height of the streaming content spending boom on film and TV projects.
This Google Map shows the site today.
Note.
- The North-South road is the A10.
- The roundabout , is where Winston Churchill Way meets the A10.
- The dual-carriageway going West from the roundabout is Lieutenant Ellis Way.
- Construction of a data centre for Google seems to have started to the North-West of the roundabout.
- Lieutenant Ellis Way would have separated the data centre from the studios.
In Google Starts Building £790m Site In Hertfordshire, I say more about building the data centre.
This Google Map shows the area South of the roundabout, where Winston Churchill Way meets the A10.
Note.
- The North-South road is the A10.
- The green patch of land to the South-East of the roundabout where Winston Churchill Way meets the A10 appears to be ripe for development.
- Looking at the green patch with a higher resolution, the land is little more than high class scrub beloved of newts.
- The London Overground line to Cheshunt runs down the East side of the site.
- To the North, the London Overground crosses Winston Churchill Way to get to Theobalds Grove station.
- To the South, the London Overground crosses the M25 to get to Turkey Street station.
- The M25 runs across the bottom of the map, through junction 25.
- The site to the West of the A10 between the two roundabouts, was the site reserved for Sunset Studios.
- The site appears to have been concreted.
What is going to happen to the Sunset Studios site now?
Zenobē Lands Financing For 400MW Eccles Project
The title of this post, is the same as that of this article on Solar Power Portal.
This is the sub-heading.
Battery energy storage system (BESS) developer/operator Zenobē has announced that it has successfully financed its Eccles BESS project in Scotland, in one of the biggest finance rounds in European history.
These two paragraphs add more details.
The total debt raised for the 400MW/800MWh project was £220 million, which the company says is one of the largest finance raises for a standalone BESS project ever made in Europe. The funding was provided by a group of lenders organised by National Westminster Bank and KKR Capital Markets Partners LLP. Additionally, Zenobē has announced that construction on the Eccles BESS—the company’s largest battery project to date—has begun.
The Eccles BESS is the final part of the firm’s £750 million investment in Scotland. Zenobē’s Blackhillock BESS, a 200MW/400MWh project located near Inverness, recently began commercial operations, and is set to expand to 300MW/600MWh later this year.
Zenobe seem to be able to finance these projects, without too much difficulty.
Construction seems to have started. But then, I suspect there are wind turbines in the vScottish Borders already lined up to use the batteries.
This Google Map shows an Eccles substation.
Note.
- The Eccles substation is marked by the red arrow.
- The town at the East edge of the map is Coldstream.
- The England-Scotland border is clearly marked.
This second Google Map shows a closer view of the Eccles substation.
Note.
- t looks to be a substantial substation.
- There would appear to be plenty of space for a large battery.
- It is close to the A 597 road for the delivery of heavy equipment.
I suspect this substation could be the location of the battery.
It’s also right in the heart of Scottish onshore wind territory.
It is also according to the Solar Power Portal a £220 million project.
A project of this size will deliver substantial benefits in terms of work to the local community.
It will likely have a community benefit fund or something similar.
So you would expect the project would be welcomed into the local area.
But you would be wrong, if this article on the BBC, which is entitled Village ‘Heart Ripped Out’ By Battery Site Plans, is typical of the feeling about the batteries.
This is the sub-heading.
A rural community in the Borders is warning that Scotland’s renewable energy revolution is coming at a cost.
These three paragraphs add more detail.
Residents of Leitholm – a village between Coldstream and Greenlaw – claim the heart is being ripped out of their community with the arrival of battery storage facilities.
If all six proposed facilities are approved, more than 200 acres of farmland will be turned over to concreted compounds within a three-kilometre radius of their village.
Retired nursery owner Seonaid Blackie said: “This is not the place it used to be – people are worried sick.”
The residents view is balanced by industry expert Professor John Irvine, from St Andrew’s University, believes energy storage has a vital role to play in reaching net-zero targets.
My view is what is needed is an energy storage system, that can be built substantially underground.
If you look at large Battery Energy Storage Systems (BESS), they are best described as container parks.
We need energy storage systems, that fit in a single tennis court, rather than thirty football pitches.
Gravitricity is one possibility, who are also Scottish, who store energy using weights in disused mine shafts.
The French system; DELPHY is also a vertical system for storing hydrogen in a custom-built hole.
Practically, I believe the solution adopted will be to spread the batteries out and spend money on surrounding them with trees and other camouflage.
UK Government Sets 8-Hour Minimum For LDES Cap-And-Floor Scheme
The title of this post, is the same as that of this article on Energy Storage News.
This is the sub-heading.
The UK government has published a Technical Decision Document confirming crucial aspects of its long duration electricity storage (LDES) cap-and-floor scheme, which includes increasing the minimum duration required from six hours to eight.
These three paragraphs give more details.
The document, released by regulator Ofgem on 11 March, details the final overarching rules and requirements for the scheme as well as how it will be implemented, though significant detail still remains to be worked out.
The scheme will provide a cap-and-floor revenue protection for 20-25 years that will allow all capital costs to be recoverable, and is effectively a subsidy for LDES projects that may not be commercially viable without it. Most energy storage projects being deployed in the UK today are lithium-ion battery energy storage systems (BESS) of somewhere between 1-hour and 3-hour in duration (very occasionally higher).
One of the most significant new details of the scheme is that, following industry feedback, the minimum duration for projects to qualify has been increased from six hours to eight hours of continuous rated power.
As a control engineer, I believe this is all good stuff and is a good improvement on the previous regime.
The whole article is a must read and I believe that more investors, will invest heavily in energy storage.
But then the UK, with its massive potential for offshore wind, has the resources to create and fill many GW of energy storage.
Boris once said, that we would become the Saudi Arabia of wind!
The Anonymous Widower 