MEMBER NEWS: Magnetic attraction sees V-TES strike deal

September 7, 2020
MEMBER NEWS: Magnetic attraction sees V-TES strike deal

An Aberdeen firm has struck a potentially lucrative deal to exclusively supply and install “the world’s most powerful magnets” in the UK. Bosses at V-TES, formerly North Sea Power Solutions, believe it could deliver a boost to revenue worth at least a five-figure sum in the first year alone.

Electrical engineering company V-TES – owned by Granite City-based Valor Energy Group – is targeting the energy industry for applications of the super-strong magnets, which are manufactured by Danish firm Engiso.

The multipurpose V-Mag magnets are said to be the strongest permanent type available, retaining their full force over time. Coated with a layer of synthetic rubber with “outstanding” heat, ozone and weather resistance qualities, they can be coupled together to achieve extra pulling power, with capacity measured at as much as 17 tonnes.

With many of V-TES’ energy industry clients using welding, fixtures, bolting and brackets, the company saw an opportunity to use the magnets as a replacement for securing a range of items during major electrical projects.

Managing director David Gray said; “The agreement with Engiso is greatly welcomed as it allows us to add a unique offering to the growing range of services and products at V-TES. We are continually looking at how we can offer different solutions that can be of real benefit to our clients’ projects.

“The magnets will mitigate the requirement of welding and drilling for permanent fixtures, thus reducing any issues created by sparks, particularly when working in a gas environment. The use of these super-strength magnets will in many ways speed up our operations and, in turn, benefit the clients we support”.

Engiso chief executive Allan Frikke Hansen said “The partnership with V-TES is a major step for our firm. The collaboration allows both businesses to pass the combined knowledge and benefits onto clients and, in turn, offer a unique competitive advantage.

“The products can be placed on steelwork and easily removed using specialised aluminium tools, which has lead to huge cost savings across major projects that we have supported.”

V-TES, based on Denmore Road, employs 14 people and operates in energy markets globally. Valor Group was launched in 2017 by north-east businessman Graeme McNay, its chief executive and a former director of Aisus Offshore. It employs 40 people across operations in the UK and US.

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