Islay, the island with 9 distilleries burning 15 million litres of fuel oil every year but surrounded by some of the UK’s best tidal power resource (not to mention plenty of wind power). Time for a change?
Hydrogen is emerging as an exciting future energy source to help drastically cut emissions from those ‘hard to decarbonise’ sectors (heat, transport and industry) that have haunted the dreams of our Energy and Environment Ministers over the last decade.
On 18th January, Scottish Enterprise launched the results of their study into Oil and Gas Diversification The material supports oil and gas supply chain companies to develop opportunities in other business sectors and is based on a study we conducted last year. (More info here)
In a study on Oil and Gas Diversification for Scottish Enterprise, Pale Blue Dot Energy highlighted the opportunity for Scotland to deploy surplus oil and gas capability on emerging future energy sectors including Wave and Tidal, CCS, Hydrogen and Heat. There is too little focus on Diversification, particularly in the North East. Oil and gas businesses should develop Diversification strategies in order to manage the long-term decline in oil and gas driven by price uncertainty and the Low Carbon transition.