Zeina Bain

#fundingalert 💼Company: ULEMCo Ltd 💰Funding: £5 Million  ⚡Round: New Round 👥Investors: Mercia Ventures, the first Northern Powerhouse Investment Fund (NPIF), Equity Gap, Scottish Enterprise and The North West Fund. ULEMCo are pioneers of technologies that enable commercial vehicles to run off hydrogen. Focussed on customers that operate HGVs and LGVs, they provide practical solutions for the deployment of hydrogen vehicles, here and now, that will deliver significant reduction in fleet-wide carbon emissions. The funding comes at the ten-year anniversary of ULEMCo’s founding, the company having since grown through sales of its dual-fuel conversion service. The company is especially strong in Scotland, where Aberdeen alone has 55 hydrogen-enabled vehicles. Fraser Lusty, Robert Hornby, Debbie Sorby, Amanda Lyne Read more - https://lnkd.in/gvWdNPTg To share your startup story write us on - [email protected] #ULEMCo #technologies #commercial #reduction #funding #fundingnews #news #startupnews #startuprise

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The sheer weight of renewables on the GRID is supporting GB BESS (and therefore also GRID's) revenues, mitigating some of the impact of under-utilisation, which is being gradually resolved as the OBP roll out progresses. Onwards and upwards.

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ENERGY STORAGE 🔋 A good piece in the Financial Times this morning regarding the need and important role Battery Storage is in our power and electricity eco system. Having spent the last number of years funding and developing a Battery storage business alongside our partners, there is so much opportunity in this space, and the resource is badly needed. The good news being there is finally now strong appetite from the investor and debt markets, however in N Ireland, like most other things across society, we remain the only region without a government backed subsidy scheme in the UK, and it's a challenging business model to get going for a whole ream of reasons, a lack of support merely adds to this. Some argue against subsidy schemes, however the CAPEEX and risk associated with these projects are all developer led, and this needs addressed as a matter of urgency. Most of us in the industry are aware of the capacity restrictions within our electricity network, which similar to the challenges facing our water and sewage infrastructure, needs a huge amount of investment. My own experience with planning was a much more pleasant experience, however beurocracy and delays need to be minimised if we want things to improve and get more projects into development, and out of the ground. FUNDING Battery storage is not for the faint hearted as our Irish Banking system are not interested. I reckon come 2040 some BD managers in the local banks may look at this type of opportunity 😭 Predominantly and initially this is an EQUITY play, certainly at the initial stages, with construction finance a challenge, however that is made easier if you can secure the golden ticket of a 10 year contract with the regulator. Most local developers operate and provide services into the shorter term DS3 markets, but with 12/ 18 month security of income, that's doesn't lend itself to the funding people you need on board. There is much to do in this sector locally, and the opportunity is real, but it would be hugely helpful if local government finally launch their new subsidy scheme, which by all accounts is coming (allegedly). In the FT piece you can see that across the world governments are 1.acknowledging the need for this resource 2. developing policy to enable and encourage development. #Battery #Storage #Development https://lnkd.in/ezWj26Ab

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UK claims third place in battery storage investment attractiveness. EY's latest ranking places the UK as the third most attractive market for BESS investment. #energycrisis #energycosts #energyprices #energytransition #energysupply #energydemand #energyconsumption

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Delighted to meet with HM Treasury last week to discuss the “windfall” tax on the UK North Sea energy industry, which we at Stifel Europe have published extensive analysis of over the last year. I presented our research on both the impacts the "windfall" tax has already had, and the potential future negative effects we forecast if “windfall” tax take is raised yet again in the budget on 30th October- to highlight just one, we forecast £20bn of tax revenues lost by 2035-2040E, just from corporation tax and "windfall" tax receipts alone. Our view remains that the UK North Sea energy industry is part of the UK’s energy transition, and that taxing it even further will kill investment and put at risk a significant number of jobs and the skills base required to drive the UK's energy transition forward. It will also damage economic growth and undermine the UK’s energy security. Emissions will also be higher as the UK will be forced to import more energy- the UK’s demand for oil and gas is not eliminated by closing down the UK North Sea.

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The UK's Journey to Carbon Neutrality 🌱 Electric vehicles are key to achieving a carbon-neutral future in the UK. But how clean are EVs if the grid isn't? Our whitepaper explores the link between EV charging and renewable energy, and how we can unlock the full potential of EVs for a greener future. Download it now https://lnkd.in/e99yT_Jd #CarbonNeutral #RenewableEnergy #EVs

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📊 1 WEEK 1 DEAL - DEVON ENERGY ACQUIRES GRAYSON MILL ENERGY   Devon Energy has acquired Grayson Mill Energy in a significant move within the energy sector.   This acquisition creates a leading 430,000 net acre position in the Williston Basin and triples Devon’s in-basin production to approximately 150,000 barrels of oil equivalent per day (BOED).   The deal is immediately accretive to free cash flow, prompting Devon's board to expand its share-repurchase authorization by 67%, reaching $5 billion through mid-2026.   This transaction aligns with Devon’s strategy of enhancing its diversified portfolio and competing for capital.   The acquisition is part of a broader trend in the energy industry, following recent multibillion-dollar mergers such as APA-Callon, Chevron-Hess, and ConocoPhillips-Marathon Oil.   #1Week1Deal #InvestmentBanking #OneWeekOneDeal #MergersAndAcquisitions

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BNEFs 2024 New Energy Outlook no longer sees any role for hydrogen in home heating or cars Total hydrogen demand in the net zero scenario revised down to 380mt by 2050, 20% lower than in the previous outlook This has been our thesis since July 2021 in running our Environmental Impact 100 strategy ARK Investment Management LLC ARK Invest Europe Sustainable Market Strategies

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As emerging data suggests that market speculators may be cashing in on their profitable long-positions, is delaying procurement of gas requirements currently the best strategy? Many thanks to my colleague George Morris for providing his thoughts and insights on the UK power market. #TheSmartaWay #UKEnergyMarket #RenewableEnergy #NaturalGas #EnergyTrading Smarta Energy Kieran Dixon William B. Serge M.

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For every euro invested in renewables, the #EU needs to invest 50 cents into grid infrastructure. In Asia, I imagine that ratio will be higher, at least 1:1. Solar and wind capacity has grown to ~50% of #grid peak loads, and will edge towards 100% as renewables capacity increases. That represents a conservative investment of ~US$2.5 trillion ($2t for grids, $0.5t for storage) over the next decade, according to Wood Mac. #Renewables + older grids is like trying to eat soup with a teaspoon. Technically, it works, but if you could use a tablespoon or even a soup spoon (!) it'd be far more efficient. In Europe you might see #curtailment (energy that the grid can't use because of overcapacity - wasted energy) of ~2.5-3%, in China ~4%, in Vietnam that figure could be as high as 50% for some projects. Most developers expect/tolerate some curtailment (~3%), but the higher the curtailment the worse the projects economics - meaning financing is harder and/or more expensive. The obstacles and solutions are well-known. Better market designs, centralised planning, and an increase in the amount and speed of capital deployment (perhaps enhanced with private capital) can ensure that Asia's grids 1) accelerate electricity accesssibility, and 2) minimise any wastage.

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NextEnergy Capital is delighted to announce that NextPower UK ESG has acquired a 29MW, two-hour duration standalone Battery Energy Storage System project called ‘Rutherglen’, marking NPUK’s 13th acquisition into the NPUK, and its third acquisition in November. Rutherglen is a ready-to-build BESS project which offers an attractive grid connection and an estimated commercial operation date in 2026. The project is strategically located in Glasgow where it can access multiple transmission interfaces between Scotland and England. Including Rutherglen, the total battery capacity secured in the portfolio now stands at 49MW providing an excellent complement to NPUK’s solar portfolio. Ross Grier, COO, NextEnergy Capital commented: “This acquisition is NPUK’s first standalone BESS project representing a significant milestone for the Fund as it reaches 595MW in capacity. Energy storage will play an important part in the UK’s future energy ecosystem and will be crucial in enabling the continued rollout of renewables across the UK. "High-quality projects, such as Rutherglen, in the right strategic location are a great addition to the NPUK portfolio, providing investors with access to the attractive and diversified return profile of BESS paired with the stable generating portfolio of solar assets.” Dario Hernandez, Head of Energy Storage, NextEnergy Capital commented: “Rutherglen is a fantastic BESS project to introduce to the NPUK portfolio. It is strategically placed near Glasgow, Scotland, north of the B6 boundary to both capture excess energy being generated by local renewable energy sources and provide balancing services to NESO. The improvements in NESO dispatch capability, together with impressive Li-Ion technology and cost improvements, provide an excellent entry point for monetising standalone storage in the deep and liquid wholesale market. We continue to see BESS as a highly complementary asset to a solar portfolio." Read the full PR at: https://lnkd.in/eKFQgdBz | #UKBESS | #BESS | #Energystorage | #Energysecurity | #Solar | #NPUK |

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#Hargreaves_Lansdown Hargreaves Lansdown backed the £5.4 billion bid for the FTSE 100 fund manager today from a private equity consortium, a deal that will end its time as a listed company. The Bristol-based finance firm has been listed in London since 2007. It said today that the final offer valued its shares at 1140p in cash and would include a 30p per share dividend for the financial year which ended on 30 June. Compared to the Hargreaves Lansdown share price before the approach was first made in April, the price is at a premium of over 54%. The consortium is made up of CVC, Nordic Capital and ADIA. Hargreaves Lansdown is named after its founders – Peter Hargreaves and Stephen Lansdown – who set it up as an investment tip sheet. It now runs a state-of-the-art trading platform from which clients can run their own portfolios and pensions. https://lnkd.in/dKpizupy

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Bannerman Energy Ltd / Shaw and Partners Nuclear Energy, Uranium, Bannerman discussion Bannerman Energy Executive Chairman and Shaw and Partners Head of Research Andrew Hines discuss all things nuclear energy, uranium supply, Bannerman Energy and the Etango Uranium Project. https://lnkd.in/gaDJh9Wa We discuss recent developments in the global nuclear industry and why demand for nuclear power is growing again. We discuss the deficit in uranium supply to meet current demand, let alone the expected growth from the technology industry and small modular reactors. We talk about the lack of new uranium projects ready to be developed post the industry’s decade long hibernation after Fukushima and how Bannerman has positioned itself to be ready to develop the Etango Uranium Project at the perfect time. 0:00      Introduction 0:30      World Nuclear Symposium feedback 2:30      Demand for Nuclear Energy is growing again – technology companies, data centres, Chinese growth, US power demands 10:20    Uranium Supply – Existing supply is insufficient to meet demand 14:29    Uranium Supply – Utilities have not yet returned to replacement level contracting so we have not yet discovered the true incentive price for uranium. Shaw and Partners forecasts that uranium will reach US$150/lb in 2025 18:36    Uranium Supply – there are risks to existing supply which is highly concentrated 21:32   Bannerman Energy – How Bannerman managed the industry downturn 25:00   Namibia – An excellent jurisdiction to build a uranium mine 28:32   Bannerman Energy – building a world class management team 31:35   Etango Uranium Project – Construction has commenced, maintaining optionality and flexibility 33:20   Etango Uranium Project – The contracting approach for a 40 year asset 36:40   Wrap-up and conclusion Brandon Munro Emma Culver Gavin Chamberlain Steve Herlihy Twapewa Kadhikwa Alison Terry Clive Jones Mike Leech Ian Burvill Werner Ewald Ronnie Beevor Andrew Hines Anthony Wilson Chris Dorney Russell Karlson Sam Christie Christopher Ziomek Mike Stanford Peter Kormendy Dorab Postmaster Earl Evans Gauthier Merlin Jake Burgess Thomas Tsiakis Elton Wang Lindsay Archibald Edward Walker Paul Johnston Mark Hardman Chloe Hayes Sinclair Clinton Philip Pepe Abraham Akra, PhD Please be advised that the advice we have prepared for you has been prepared without taking account of your objectives, financial situation or needs. Accordingly, before acting on any advice, you must consider the appropriateness of the advice having regard to your personal circumstances. If the advice we have provided relates to the purchase or possible purchase of a particular financial product, you should obtain a Product Disclosure Statement relating to the product and consider it carefully.

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Interesting article based on research from Goldman Sacks showing EV battery prices are falling dramatically at the moment, and look set to continue to do so. Much of the reduction is based on raw material prices, with lithium down 70% this year. https://ow.ly/UjuH50SVzkm #Startlinemotorfinance #motorfinance #dealers #dealership #autoretail #motorindustry #EVs

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ReFuels today announces progressed discussions with its joint venture partner, investment funds managed by Foresight Group, about acquiring the remaining part of the station portfolio, comprising 12 of ReFuels' 13 stations in operation and two stations in-build across the UK.    Assuming full control of the existing station infrastructure and associated cash flows will significantly simplify the ReFuels company structure. We are also progressing 5 attractive higher-capacity station locations expected to be ready for construction, increasing the total capacity to more than 13,000 HGVs and 440,000 tonnes #BioCNG per year. The mid-term target is to have 30-40 stations across the UK. Read more and see an updated investor presentation here 👉 https://lnkd.in/e6Seg5NS

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Commenting on #GBEnergy in the Financial Times. The announcement of a partnership between The Crown Estate and GB Energy is good news for the future of #renewables in the UK. We are particularly encouraged by the commitment to reform the policy framework to reduce the time it takes to bring offshore wind projects to fruition, as this is something UKSIF and our members have been calling for for some time. Cutting project timelines is crucial to get investment flowing into UK renewables again, after many investors have been historically put off the UK because of unworkably long project wait-times, effectively starving the UK of investment.   The decision to have the public sector take on additional early development work is a positive move that will reduce risk for developers and attract greater private investment. One barrier this will not solve is the current inadequacy of our #gridconnections, which we know remains a major barrier to investment. UKSIF stands ready to support the implementation of these reforms and to work with government, industry, and investors to ensure the UK becomes a global leader in offshore wind. https://lnkd.in/e-n4-wUS

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