AREG – Drive to Diversify

May 31, 2019
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Date/Time
Date(s) - May 31, 2019
7:30 am - 9:30 am

Location
Music Hall

Categories


Exploring new opportunities in the renewables sector

AREG, in partnership with Subsea UK, would like to welcome and invite you to its upcoming event, showcasing companies who have diversified from oil and gas into renewables.

0730 – 0800        Breakfast and networking

0800 – 0810        Formal welcome

0810 – 0850        Company presentations from:

  • Blaze Manufacturing Ltd
  • PanGeo Subsea
  • COES Caledonia (UK) Limited
  • Further speakers to be announced

0850 – 0905        Q&A

0905 – 0910        Vote of thanks

0910 – 0930        Networking and close

 

In 2014-15, Blaze Manufacturing Ltd’s business was purely focused on the UK market. The entire client base came from the oil and gas sector with revenue and opportunities being derived solely from the UK Continental Shelf. This proved critical for the company when the industry downturn started, as all large-scale projects were put on hold.

Blaze’s revenues were hit badly during the period, dropping from £18.6m to £3.5m. The business owners Howard and Ann Johnson recognised that to survive, diversification would be required and so the company embarked on a strategy of research and innovation in order to source new markets to take their fire safety solutions to. This led the company to explore projects in other sectors, including mining and renewable energy, taking in a project in the Democratic Republic of Congo and projects for major European renewables clients including Engie and Orsted.

In 2018, 26% of sales were attributed to renewables, 49% to the industrial and commercial markets and 25% to oil and gas, with this trend looking to continue into 2019.

In the beginning of the technology development, Pangeo Subsea was focused on subsea applications for the oil and gas market. With the downturn, PanGeo refocused efforts on the renewables market and today have about 80% of their sales attributed to the offshore renewable energy market. PanGeo’s subsea imaging technology has many applications and the most natural move from oil and gas was to pre-route, cable and UXO surveys for windfarm installations. The shift was not difficult in terms of technology application; however understanding the players and the market required the most effort.

Please note this event is free for AREG members only, there will be a £25 charge for non-members to attend.

Places are limited and will be allocated on a first come, first served basis, so please register your attendance in advance via Eventbrite.

Should you have any questions about the event please contact events@bigpartnership.co.uk.

We look forward to welcoming you to the event.

Get in touch

The team at AREG is committed to ensuring that businesses in Aberdeen City and Shire capitalise on opportunities in renewable energy and that our members achieve success in this rapidly growing market. Please contact us with your news, views, concerns and successes so that we are well placed to deliver on your behalf.

AREG has played an important role in the growth of Scotland’s renewable energy sector, engaging the supply chain and developing the European Offshore Wind Deployment Centre. However, we are only at the very beginning of the transition that AREG was established to both lead and support so there are still opportunities for companies to get into the constantly evolving renewables supply chain. We look forward to continuing our work together as renewables builds on its place as Scotland’s main source of power, and as we seek to deliver real change in the crucial areas of heat and transport.

Scottish Renewables

Aberdeen & Grampian Chamber of Commerce has worked closely with AREG since its formation. The recent progress in the developments of offshore wind projects by Equinor and Vattenfall are as a result of the work of the group over many years. The north-east is known as the oil and gas capital of Europe. At the Chamber, we believe the region must evolve its position to being recognised as the energy capital. Whilst hydrocarbons will continue to be essential in driving our economy for years to come, the generation of renewable resources will play an increasingly important role in providing cost-effective power, innovative development and economic growth.

Aberdeen & Grampian Chamber of Commerce

The enthusiasm and dedication of the early group that would become AREG was fundamental in us choosing to launch All-Energy in Aberdeen. The first tiny show was held in 2001, and AREG’s Chairman at the time, Jeremy Cresswell, played such an active role that I often describe him in terms such as All-Energy’s ‘midwife’. All-Energy is now the UK’s largest renewable and low carbon energy exhibition and conference in terms of number of attendees, space booked, and number of exhibiting companies. As AREG became firmly established, their presence and support for the event grew spectacularly over the years. We thank them most sincerely for their invaluable input.

All-Energy

Vattenfall has forged a strong working relationship with AREG through the development of the European Offshore Wind Deployment Centre. AREG has worked tirelessly on behalf of the North East and it can take enormous credit for the growth of sustainable energy in the region and the path it has cleared for the region to capture further investment.

Vattenfall

Aberdeen City and Shire is emerging as a key location for renewables by successfully transferring its world-class oil and gas expertise into the sector and AREG has done much to advance this through a broad range of initiatives. It has acted as a catalyst in driving further investment in the local economy by engaging with companies, Government, public bodies and existing projects and we have been pleased to support their efforts. Scottish Enterprise will continue to engage with AREG as we increase Scotland’s use of renewable energy.

Scottish Enterprise