Getting EV charging over the line and closing the green skills gap
The Joint Venture: inspiratia insights
The team look over the past week of news and give their views on market trends in the energy sector
In this week's episode, we explore several pivotal developments in the energy sector. We delve into the European Investment Bank's financing of PGE Group's Baltica offshore wind farm in the Baltic Sea. We discuss BP Ventures' lead in funding Advanced Ionics, a US-based start-up seeking to use industrial vapour to reduce green hydrogen production costs.
Additionally, we cover the UK government's shortlist of hydrogen projects for further funding assessment and negotiations, which includes 17 projects with a combined capacity of 262MW across England, Scotland, and Wales.
In our PPA round-up, we outline significant agreements such as Ingevity Corporation's contract with NextEra Energy Resources, TagEnergy's deal with Snowy Hydro, and EDF Energy's seven-year PPA with Brockwell Energy.
We turn our attention to the UK's accelerating shift towards electric vehicles and the parallel challenges facing charging infrastructure. As the country embarks on its ambitious mission to phase out internal combustion vehicles by 2030, the spotlight is on the substantial hurdles in the path towards EV adoption.
Finally, we delve into the pressing issue of the green skills shortage and its potential impact on the global energy transition. With a sustainable future depending on a vast array of technical proficiencies, including renewable energy technologies, the current shortage in green skills presents an urgent and widespread challenge.
- Oliver Carr - Lead Analyst
- Dila Cebeci - Senior Analyst
- Ashkenaz Al - Reporter
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Music credit: NDA/Show You instrumental/Tribe of Noise