The North Essex Energy Group (NEEG) have commissioned Nautilus Associates Ltd to deliver a market study to identify new project opportunities for businesses within the energy sector in North Essex. The new study will also 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 distribute industry updates, business training, networking opportunities and more tailored to the energy sector.
Key opportunities for local 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 energy sector offers significant opportunities for local businesses. Recent industry forecasts from Nautilus suggests more than £10.8bn of new capital investment is planned in major energy and infrastructure related projects before 2025 and is set to increase to £59bn by 2040.
Over the next 10 years, businesses will be able to access significant 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
About North Essex Energy Group
Established in 2018, NEEG 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.
To sign up to future information, opportunities and sector updates from NEEG, register your company details here: www.surveymonkey.co.uk/r/energysectordatabase