North Essex Energy Opportunities Under Fresh Spotlight
Published on Monday, 15th April 2019
The North Essex Energy Group have commissioned Nautilus Associates Ltd to deliver an energy market study to identify new project opportunities for North Essex businesses.
North Essex has a key role to play in supporting the UK’s energy provision as the industry adapts to meet new challenges through clean energy production primarily through offshore renewables, gas and new nuclear.
The North Essex Energy Group (NEEG) was established in 2018. It is a group of public and private sector organisations working together to unlock energy and low carbon-related growth in the North Essex area and beyond. Current members include Colchester Borough and Braintree, Maldon, and Tendring District Councils, Essex County Council as well as the South East Local Enterprise Partnership, Colchester Institute, University of Essex, Haven Gateway Partnership, Harwich International Port, and the Greater South East Local Energy Hub.
The energy sector offers significant opportunities for local businesses. Recent industry forecasts from Nautilus suggest that more than £10.8bn of new capital investment is planned in major energy and infrastructure related projects before 2025. This increases to more than £59bn by 2040, with more than half forecast to be invested in new offshore wind projects off the east coast.
Over the next 10 years companies will be able to access huge opportunities in North Essex, including:
- Construction of Sizewell C, a 3.2 GW nuclear power station, and Bradwell B, a 1 GW nuclear power station, with a combined capex estimated at £17 billion.
- New investment in over 5GW of offshore wind farms in the Southern North Sea.
- Decommissioning of end-of-life oil and gas production infrastructure.
- Piloting new local energy generation and storage technologies in three new garden communities comprising 43,000 houses.
- Offshore access via Harwich International Port, a deepwater harbour with a proven track record in the offshore sector and with available operational space.
- Investment in new forms of heat and power including ground source energy (via micro grid generation), anaerobic digestion and solar power.
The new study will identify the key opportunities for businesses within the energy sector in North Essex and will engage with businesses and organisations across the county to identify key issues, opportunities and challenges facing the sector’s growth.
In addition to the study, an energy sector business database will be created which will be used by the NEEG to disseminate industry updates, intelligence and market opportunities, industry specific consultations, business training, and networking opportunities tailored to the energy sector.
To sign up to future information, opportunities and sector updates from NEEG, register your company details here: https://www.surveymonkey.co.uk/r/energysectordatabase
All company information collected will be managed by Colchester Amphora Trading on behalf of Colchester Borough Council and the wider NEEG to ensure all data is protected in line with current regulations.
Notes to Editors
- The North Essex Energy Group (NEEG) would like to contact companies registered as active in the North Essex energy sector in the future to provide updates, information and business development opportunities in the energy sector. All personal information gathered as a result of this commission will be held by Colchester Borough Council and may be shared with members of the NEEG for these purposes.
This work has been part funded by Essex County Council, Colchester Borough Council, Tendring District Council and other members of the NEEG consortium.