Therma Consulting Group’s Post

John Pettigrew National Grid not only need to invest in the network, there is also need to accelerate system design and regulatory changes so that more renewables can be connected rapidly and reliably. https://lnkd.in/e-9tEi9j This is an example of a National Grid innovation project which could help accelerate connections, reducing the need for substation reinforcement for fault levels. "The key benefits calculated are based on savings in reduced reinforcement and constraint costs and the estimated cost benefit of this project is significant and could reach around £1378m if the project is successful and the innovation method can be rolled out across GB." In terms of reliability it is critical that technical issues such as fault ride though requirements area addressed. https://lnkd.in/eqBkCqfK This is not glamorous, high profile investment in new assets, but delays on issues such as this lead to a risk of significant power outages similar to that which occurred in August 2019 which none of us want. https://lnkd.in/dFMps3p9

With UK Members of Parliament of all parties being sworn into the House of Commons today, collaboration between business, policymakers and regulators has never been more important for the energy transition. Transformation at the scale and pace of the new Government’s ambitions will require a genuine partnership that sees all of us working together.   With that in mind, here are four things the Government should prioritise to accelerate the pace of decarbonisation:  1. Set a clear strategy for the energy system, aligned to a long-term industrial strategy. 2. Accelerate clean energy infrastructure delivery through ambitious reforms on planning and grid connections. It was good to see the Chancellor take the first step on planning reform yesterday but more will be needed. 3. Partner with industry to build supply chain capacity and a skills pipeline. 4. Create the right governance and partnerships to drive net zero delivery, growth and jobs.   If we get this right, there will be huge opportunities for economic growth, jobs, security of supply and lower bills. At National Grid, we are already delivering the largest overhaul of the networks in generations, investing over £30bn in the UK’s energy future in the next 5 years.   I am looking forward to working with the new Secretary of State and the new UK government to continue to drive forward the UK’s energy transition.

Clean energy investors will hardly be surprised by the election of a Labour government with a sizeable majority, as consistently predicted by the opinion polls, and will no doubt be eager to crack on with their investment plans under the new regime.     The new government has a mountain to climb, though, if it is to deliver on the highly ambitious commitments on climate and energy in Labour's manifesto. The most challenging of these - clean electricity by 2030 - would require doubling onshore wind, tripling solar power, and quadrupling offshore wind. This may not be practically achievable in such a short time, but getting close to clean power by 2030 is certainly possible with the right policies and institutional arrangements in place.     Some of the relevant actions - e.g., establishing and capitalising 'Great British Energy' to co-invest in clean power technologies - will necessarily take time. Others, such as lifting restrictions on onshore wind in England, could be done very quickly. But a trickier area is reforming planning regulations so that the electricity grid can be transformed to accommodate a near doubling in generation capacity, which may require legislation as well as changes in guidance. Absent reform, there is a real risk that local opposition to nationally significant infrastructure will seriously derail the government's power decarbonisation plans.   Let's hope the new ministers are ready to hit the ground running on planning reform and are successful in reducing planning barriers to clean energy investment. The prospects for energy users, and for our climate commitments, will depend upon it. #energy #cleanenergy #netzero #generalelection #Labourgovernment

A pivotal moment for the US #energytransition lies ahead. The results of the election could see investment in the energy and natural resources sectors play out in very different ways. Read this month’s #WMHorizons insight as we set out a delayed transition scenario for the US: https://okt.to/bzQqgv

The Federal government has announced the biggest clean energy budget ever for 2024-25. In addition to the positive impact this will have on achieving net zero, it will also hopefully provide a wealth of career opportunities. Within the engineering space, this will however likely put more strain on available talent to deliver these projects. #engineeringcareers #energytransition #energycareers

A new body independent of government should be set up to oversee UK energy security and the transition to net zero, according to a new report. Aberdeen & Grampian Chamber of Commerce says the energy industry is being used as a “political football” and wants to see the establishment of a non-partisan organisation to bring long-term thinking and policy stability to the sector. Like the Bank of England – which has maintaining monetary and fiscal stability as its central mission – the new body should be charged with developing recommendations which could command cross-party consensus and insulate the sector from political policy shocks in the future. The call is the central policy recommendation contained with the 38th edition of the Chamber’s Energy Transition Survey, a biannual barometer of confidence in the UK’s energy sector which has been running for almost 20 years. Download a copy of the Energy Transition 38 Report here 👉 https://lnkd.in/eH85hyEw Energy Transition Zone Ltd | KPMG UK | University of Aberdeen | Ryan Crighton | Russell Borthwick | Robert Aitken | Maggie McGinlay | Neil Young | John Underhill #Aberdeen #energytransition #netzero

  UK's Commitment to Energy Independence In an effort to fortify the nation's energy independence and diminish reliance on adversarial countries, Prime Minister Rishi Sunak and Energy Security Secretary Grant Shapps will lead a week-long campaign aimed at strengthening the United Kingdom's energy resilience. #BritishInnovation #CarbonCapture #Cleantechnologies #EnergyInfrastructure #EnergySecurity #nationalsecurity #OilandGasIndustry #Renewableenergy #RishiSunak #UKsEnergyIndependence

A TRUMP PRESIDENCY WOULD RISK $1 TRILLION IN CLEAN ENERGY INVESTMENT A Trump Presidency Would Risk $1 Trillion in Clean Energy Investment, WoodMac Says https://hubs.la/Q02xzj9X0 A victory by Donald Trump in the Nov. 5 presidential election would jeopardize a projected $1 trillion in low-carbon energy investments and carbon emissions would be 1 billion tonnes more by 2050 than under current policies, according to a new analysis by Wood Mackenzie published on Thursday. #trumppresidency #trump #cleanenergy #energyinvestment #investments #energynews #election

Not all energy markets are created equal! The Federal government repeatedly fails to ignore the regional energy challenges when creating its energy policies. Rather than penalizing those with these these areas, the government could incentivize realistic solutions to address these challenges. Trudeau and his cronies talk about solutions, but like many of their ideas, they are either impractical or slow to act. Unless of course you vote Liberal. The Supreme Court granted the Federal Government jurisdiction over these matters on the premise that the issues affected not only the local the issues were created in but those beyond. The Supreme Court though, has been duped and failed to take into account the regional challenges and the partisan politics that are behind these laws. Laws that are not helping to find practical solutions instead of well thought out and funded programs that into account the regional geographic, climatic and industrial challenges.

The Inflation Reduction Act, the Bipartisan Infrastructure #Investment and Jobs Act and other recent policies have reshaped the US #energy outlook. Targeting a broad set of technologies across many sectors, the incentives now available are making #cleanenergy energy investment more attractive, prompting faster deployment of clean energy technologies and the development of new clean energy #manufacturing capacities in the #unitedstates (IEA)