Stuart O'Brien, Author at Energy Management Summit | Forum Events Ltd - Page 16 of 50

Energy Management Summit | Forum Events Ltd Energy Management Summit | Forum Events Ltd Energy Management Summit | Forum Events Ltd Energy Management Summit | Forum Events Ltd Energy Management Summit | Forum Events Ltd

Posts By :

Stuart O'Brien

Do you specialise in Waste Management? We want to hear from you!

960 640 Stuart O'Brien

Each month on Energy Management Briefing we’re shining the spotlight on a different part of the market – and in August we’ll be focussing on Waste Management.

It’s all part of our ‘Recommended’ editorial feature, designed to help energy management buyers find the best products and services available today.

So, if you’re a supplier of Waste Management solutions and would like to be included as part of this exciting new shop window, we’d love to hear from you – for more info, contact Lisa Rose on 01992 374077 / l.rose@forumevents.co.uk.

Our features list in full:

Aug – Waste Management
Sept – Solar PV
Oct – Lighting
Nov – Heating & Ventilation
Dec – Onsite Renewables

Do you want to reach your sustainability goals sooner?

960 640 Stuart O'Brien

Join us on the 11th & 12th October, at the Energy Management Summit, where you can meet with suppliers who can help you with your upcoming plans on becoming a more sustainable business.

Taking place at the Radisson Blu Hotel, London Stansted, your attendance is entirely free and includes:

  • A personalised itinerary of relaxed meetings with industry solution providers
  • Access to topical seminar sessions hosted by industry thought leaders
  • All meals and refreshments throughout
  • A place at our networking dinner, with entertainment

You’ll also have the opportunity to network with other energy leaders and discuss all things sustainability, net-zero and decarbonisation!

Spaces are filling up quickly – to book your attendance, click here.

Can’t make it?
If you are unable to make the dates, then you can nominate a colleague here. We do also have flexible attendance options, so please let me know if you can only make the one day.

Cybersecurity spending in the energy industry ‘will rise to $10 billion by 2025’

960 640 Stuart O'Brien

The rapid digitalisation of the oil and gas industry has made the industry increasingly vulnerable to cyberattacks, says GlobalData.

The leading data and analytics company notes that companies must now fortify their cybersecurity posture in line with their digitalisation strategy or risk financial and reputational harm.

GlobalData’s latest report, ‘Cybersecurity in Oil and Gas – Thematic Research’ reveals that the Colonial Pipeline attack in May 2021, which hammered home the sector’s vulnerability to cyber threats, spurred an increase in cybersecurity spending. Consequently, GlobalData estimates cybersecurity revenues for the energy industry will reach $10 billion by 2025.

Francesca Gregory, Thematic Analyst at GlobalData, said: “Demand for oil products fell 14% in Q2 2020, causing prices to plummet. To stay competitive in the face of mounting financial pressure, oil and gas companies invested heavily in digital technologies to streamline operations and cut costs, which is evidenced by an analysis of patent trends.”

Oil and gas companies increased total patent publications across artificial intelligence (AI), blockchain, cloud computing, the Internet of Things (IoT), robotics, and virtual and augmented reality by 46% between October 2019 and April 2021, according to GlobalData.

Gregory continued: “Oil and gas companies are realizing the benefits of integrating technologies into workflows, with the pandemic undoubtedly playing an instrumental role in boosting the momentum of the industry’s digitalization. However, the wider industry is largely underprepared to handle its risks. The digitalization wave creates new access points in industrial networks for hackers to exploit. As technology develops, from mobile apps to the cloud to IoT, the level of complexity needed for organizations to maintain a cyber-aware stance will rise.”

Despite the increase in cybersecurity spending, the industry is still not taking cybersecurity seriously enough. GlobalData’s recent report found that only 20% of the largest oil and gas companies by market cap had a chief information security officer (CISO) on the board. This suggests that, while companies have made room for cybersecurity in their budgets, cybersecurity is absent from companies’ central strategy.

Gregory added: “The industry’s current situation is precarious in the midst of the industry’s rapid digitalization, rising cyber risk, and the promise of maximum disruption and extortion from oil and gas companies.”

IRENA: Renewable power ‘remains cost-competitive’ amid fossil fuel crisis

960 640 Stuart O'Brien

Costs for renewables continued to fall in 2021 as supply chain challenges and rising commodity prices have yet to show their full impact on project costs – the cost of electricity from onshore wind fell by 15%, offshore wind by 13% and solar PV by 13% compared to 2020.

Renewable Power Generation Costs in 2021, published by the International Renewable Energy Agency (IRENA), shows that almost two-thirds or 163 gigawatts (GW) of newly installed renewable power in 2021 had lower costs than the world’s cheapest coal-fired option in the G20.

IRENA estimates that, given the current high fossil fuel prices, the renewable power added in 2021 saves around $55 billion from global energy generation costs in 2022.

IRENA’s new report confirms the critical role that cost-competitive renewables play in addressing today’s energy and climate emergencies by accelerating the transition in line with the 1.5°C warming limit and the Paris Agreement goals. Solar and wind energy, with their relatively short project lead times, represent vital planks in countries’ efforts to swiftly reduce, and eventually phase out, fossil fuels and limit the macroeconomic damages they cause in pursuit of net zero.

“Renewables are by far the cheapest form of power today,” Francesco La Camera, Director-General of IRENA said. “2022 is a stark example of just how economically viable new renewable power generation has become. Renewable power frees economies from volatile fossil fuel prices and imports, curbs energy costs and enhances market resilience – even more so if today’s energy crunch continues.”            

“While a temporary crisis response might be necessary in the current situation, excuses to soften climate goals will not hold mid-to-long-term. Today’s situation is a devastating reminder that renewables and energy saving are the future. With the COP27 in Egypt and COP28 in the UAE ahead, renewables provide governments with affordable energy to align with net zero and turn their climate promises into concrete action with real benefits for people on the ground,” he added.

Investments in renewables continue to pay huge dividends in 2022, as highlighted by IRENA’s costs data. In non-OECD countries, the 109 GW of renewable energy additions in 2021 that cost less than the cheapest new fossil fuel-fired option will reduce costs by at least $5.7 billion annually for the next 25-30 years.

High coal and fossil gas prices in 2021 and 2022 will also profoundly deteriorate the competitiveness of fossil fuels and make solar and wind even more attractive. With an unprecedented surge in European fossil gas prices for example, new fossil gas generation in Europe will increasingly become uneconomic over its lifetime, increasing the risk of stranded assets.

The European example shows that fuel and CO2 costs for existing gas plants might average four to six times more in 2022 than the lifetime cost of new solar PV and onshore wind commissioned in 2021. Between January and May 2022, the generation of solar and wind power may have saved Europe fossil fuel imports in the magnitude of no less than $50 billion, predominantly fossil gas.

As to supply chains, IRENA’s data suggests that not all materials cost increases have been passed through into equipment prices and project costs yet. If material costs remain elevated, the price pressures in 2022 will be more pronounced. Increases might however be dwarfed by the overall gains of cost-competitive renewables in comparison to higher fossil fuel prices.

CEBR: Risk of recession in Europe ‘rises to 40%’ as Putin turns off the gas

960 640 Stuart O'Brien

The Centre for Economics and Business Research (CEBR) estimates the risk of a recession in Europe this winter at approximately 40% as a result of Russian energy taps being closed shut as part of sanctions against the Putin regime.

Last week, Germany triggered stage two of its emergency gas plan, following a significant reduction in Russian gas exports to the Eurozone’s largest economy.

Russia’s state energy company Gazprom cut exports through the NordStream pipeline by around 60% and planned maintenance downtime July is widely considered a convenient opportunity for Putin to shut the pipeline down entirely.

The European energy crisis, which has started in the winter of 2021 and ratcheted up following Russia’s invasion of Ukraine, has thereby reached another level of escalation. The consequences of this are by no means limited to Germany. Gas flowing through the TurkStream pipeline to Bulgaria is down by 50% while exports through the Yamal pipeline to Poland have stopped entirely, making this a veritable pan-European crisis.

In the UK, too, the energy crisis could yet get worse. Rising gas prices have been a major contributor to the ongoing cost of living crisis so far. But a complete stop of Russian exports to Europe would also put the UK’s energy security at risk as the heating season starts in the winter.

While there is no Russian pipeline delivering gas to the UK directly – and indeed, the UK receives the vast majority of its gas imports from Norway – the UK is still exposed to swings in global market prices. Also, as increasing numbers of European countries are vying for a limited supply of gas from alternative sources, prices have shot up significantly.

In addition, the UK has very limited storage capacity, meaning it is less able to sit out temporary price shocks – whether these stem from Putin’s decision to turn off the gas taps or a spell of the feared ‘Dunkelflaute’ – a period of no wind and very little sunshine, preventing power generation from renewables.

The threat that Russia would use its energy exports as a weapon to exert pressure on Western countries that support Ukraine’s resistance has been clear since the beginning of hostilities, if not before. The flipside of this has been the attempt of Western allies to inflict as much economic pain on Russia as possible to make it harder for Putin to fund his war.

However, while the European Union agreed on an embargo of Russian oil at the end of last month, there was little appetite to extend similar measures to the Russian supply of gas, given the difficulties in finding alternative suppliers at short notice. Now, Putin seems intent on forcing the hand of European states, convinced that stopping gas exports will hurt Western countries more than it will cost Russia in terms of forgone foreign currency.

If gas supplies were indeed to run empty, governments will choose to shut down industrial sites first rather than reducing supply to homes. The knock-on effects on the economy therefore depend in part on the degree to which gas is used in industrial processes rather than to produce electricity or to heat homes.

In Germany, for example, industry accounted for 37% of gas consumption in 2021, a significantly higher share than in Italy at 25% or in the UK at 23%.

Despite these differences, it seems clear that in the case of European gas shortages, a severe recession will be a near certainty. This is because European countries are linked to each other not only via energy interconnectors but also through highly integrated supply chains.

The likelihood for a gas shortage emerging in Germany has been estimated at 20% in a recent joint-study by various research institutes, which is somewhat lower than a few months ago due to efforts to fill up gas reserves in recent weeks. However, from a European perspective, the risk of a recession must be estimated higher than this, given that most East and Central European countries are even more dependent on Russian gas than Germany is.

Italy and France are also on high alert as their energy supplies are equally at risk. In addition to this, a tight gas supply will lead to further increases in energy prices for consumers, adding to inflationary pressures and claiming an even greater share of households’ disposable income, which is a recession risk in itself.

Taken together, Cebr estimates the risk of a recession in Europe this winter at approximately 40%. It is therefore in everyone’s interest to use the time until winter to substitute away from gas where possible, secure additional supplies from other countries and reduce gas consumption wherever possible.

From Solar PV to Smart Buildings: We’ve got you covered at the Energy Management Summit

960 640 Stuart O'Brien

Have you claimed your complimentary pass to the Energy Management Summit? It’s being held 11th & 12th October at the Radisson Blu Hotel, London Stansted and has everything you need to execute the perfect energy management strategy for your organisation.

To get your free pass, simply register here.

This intimate event will host 60 senior buyers whom are responsible for their organisations energy management and sustainability goals.

Key Topics covered include:

  • Solar PV
  • Renewable Energy
  • Carbon Management
  • Energy Management Systems
  • Onsite Renewables
  • Eco Friendly Fire Safety
  • Sustainable Buildings
  • Smart Buildings
  • Metering & Monitoring
  • Water Management

Along with these valuable meetings, you can also attend topical seminars and network with industry peers.

Full hospitality is included. Book your place online or contact me on the details below for further information.

Hybrid Air Vehicles to assemble sustainable airliners in South Yorkshire

960 640 Stuart O'Brien

Hybrid Air Vehicles (HAV) has confirmed an aircraft reservation agreement with European regional airline Air Nostrum Group for its Airlander 10 aircraft, an order that will be fulfilled from a manufacturing base in the north of England.

The landmark partnership sees Air Nostrum Group reserve ten 100-seat Airlander 10 aircraft for delivery from 2026 onwards, with a view to begin operations as launch airline.

HAV is in advanced discussions with the South Yorkshire Mayoral Combined Authority (SYMCA), Doncaster Council and other local and national stakeholders on plans to manufacture Airlander 10s within a new green aerospace manufacturing cluster in South Yorkshire.

While the Air Nostrum Airlander 10 fleet is set for initial operations across Spain, HAV plans to launch production of the aircraft in South Yorkshire UK, this year, creating thousands of skilled jobs in green aerospace technologies and supporting levelling up across the region.

The reservation agreement follows six months of rigorous studies and modelling carried out by Air Nostrum Group and HAV into the operation of Airlander 10 on Spanish domestic aviation routes and the associated economics. Airlander 10 aircraft are expected to diversify and complement Air Nostrum Group’s existing aircraft fleet currently operating on these routes, carrying 100 passengers while producing only around one tenth of the harmful emissions.

Carlos Bertomeu, President, Air Nostrum, said: “We are exploring each and every possible way to reduce our carbon footprint. This is something that we have been doing for many years. The Airlander 10 will drastically reduce emissions and for that reason we have made this agreement with HAV. Sustainability, which is good news for everyone, is already a non-negotiable fact in the daily operations of commercial aviation. Agreements such as these are a very effective way to reach the de-carbonization targets contemplated in the Fit for 55 legislative initiative.”

Tom Grundy, CEO, Hybrid Air Vehicles, said: “Airlander is designed to deliver a better future for sustainable aviation services, enable new transport networks and provide rapid growth options for our customers. Our partnership with Air Nostrum Group, as the launch airline for Airlander 10, leads the way towards that future. As countries like France, Denmark, Norway, Spain and the UK begin to put in place ambitious mandates for the decarbonisation of domestic and short haul flight, Hybrid Air Vehicles and Air Nostrum Group are demonstrating how we can get there – and get there soon.”

Business Secretary Kwasi Kwarteng said: “Hybrid aircraft could play an important role as we transition to cleaner forms of aviation, and it is wonderful to see the UK right at the forefront of the technology’s development. This agreement enhances the possibility of the revolutionary, British-made and designed, Airlander 10 aircraft flying across Spanish skies. It is more proof of how the UK’s businesses are embracing new technology to drive growth and support high skilled UK jobs.”

EU and Egypt to collaborate on COP27 energy transition goals

960 640 Stuart O'Brien

The EU and Egypt will join efforts to implement the Paris Agreement and ensure ambitious outcomes at COP27, which takes place in Sharm El-Sheikh in November.

The joint statement commits both parties to work together on a global just energy transition, on improving adaptation capacity, mitigating loss and damage due to climate change, and on increasing climate finance to respond to the needs of developing countries.

The cooperation will have a particular focus on renewable energy sources, hydrogen, and energy efficiency. The EU and Egypt will develop a Mediterranean Hydrogen Partnership to promote investments in renewable electricity generation, strengthening and extension of electricity grids, including trans-Mediterranean interconnectors, the production of renewables and low carbon hydrogen, and the construction of storage, transport and distribution infrastructure.

In light of the new geopolitical and energy market reality after the Russian invasion of Ukraine and in line with the REPowerEU plan, the EU and Egypt will accelerate and intensify their energy partnership. Security of gas supply is a common concern. Today in Cairo, European Commissioner for Energy Kadri Simson, together with Minister El Molla and Minister Elharrar signed a trilateral Memorandum of Understanding between the EU, Egypt and Israel for the export of natural gas to Europe.

The three parties will work together on the stable delivery of natural gas, in a way that is consistent with long-term decarbonisation objectives and based on market-oriented pricing. Natural gas from Israel, Egypt and other sources in the Eastern Mediterranean region will be shipped to Europe via Egypt’s LNG export infrastructure.

The parties will promote the reduction of methane leakage, and in particular examine new technologies for reducing venting and flaring and explore possibilities for the utilisation of captured methane throughout the entire supply chain. They will also endeavour to ensure that future investments will not cause pollution of the marine or land environment.

President von der Leyen said: “We are starting to tap into the full potential of EU-Egypt relations, by putting the clean energy transition and the fight against climate change at the heart of our partnership. I look forward to working with Egypt as COP27 Presidency to build on the good momentum from last year in Glasgow. Egypt is also a crucial partner in our efforts to move away from Russian fossil fuels and towards more reliable suppliers.”

Preventing legionella with IoT, automation and digital processes

960 640 Stuart O'Brien

Organisations across the UK are being held accountable by the UK’s Health and Safety Executive (HSE) to prevent the growth of legionella and other known pathogens in fresh water systems. Healthcare and hospitality are especially under pressure here. But, to achieve and demonstrate successful prevention, many organisations need to allocate a substantial amount of time, effort and expense.  

Automation, digitisation, the internet of things and cloud applications can help drive effective change in this space; to improve health and safety, and to help support the existing control and prevention methods that organisations have adopted. Chris Potts, Marketing Director, ANT Telecom explains…   

The risk of legionella

Legionella bacteria is found naturally in freshwater environments and can become a health risk in man-made water systems when it is allowed to grow and spread, increasing the risk of Legionnaires’ disease. This generally takes place when water remains stagnant and at certain optimal temperatures that propagate legionella growth. The NHS describes the disease as a lung infection caused by inhaling droplets of water containing the legionella bacteria, and is likened to a severe pneumonia by some.

When people become infected, it’s usually from an array of scenarios. These include purpose built systems where water is maintained at a high temperature, through equipment like a cooling tower; hot and cold water systems used; air conditioning systems; humidifiers; spa pools and hot tubs.

These types of systems are installed across many industries; like healthcare, care homes and hospitality, all of which have to demonstrate good processes are in place to prevent legionella growth within their water systems. Especially since they are accountable for protecting large numbers of people who access their services.

Employers are responsible for mitigating risk

To mitigate risk, employers are responsible for implementing the necessary checks and measures to prevent legionella growth. Not doing so could result in a significant fine or prison sentence under either the Health and Safety at Work Act 1974, or the Control of Substances Hazardous to Health Regulations 2002, should an incident occur.

The lengths that an employer needs to go to, to mitigate risk, totally depends on the water system they have in situ: how it is used and what potential risk users can be exposed to? This naturally varies from business to business, so the first step is to undertake is a risk assessment, as this will not only detail what the potential risks are, but outline the ongoing measures that must be implemented to manage and control them. In some industries, like in healthcare, the amount of resource required to prevent legionella growth is quite staggering.

The resource problem: unproductive and inaccurate manual checks, and paper-based recording

When practically managing this problem, many hospitals or hotels often use an employee to manually check the temperature of key parts of their water systems on a weekly basis, and to flush water systems appropriately. This can include checking many pipes, water tanks and buffer vessels – what is more, some outlets may require water flushing twice per week, depending on the requirement, and additional weekly temperature checks too. All of this work also needs to be recorded accurately and time stamped to show that it has been executed correctly, and according to HSE requirements.

This recording and reporting normally takes place via a paper-based system, which is not ideal or efficient in today’s digital era. As you can imagine, manually checking and flushing each tap or outlet demands a lot of resource and is labour intensive too. To make this problem more troublesome, many cold water storage tanks, and the related buffer vessels that need checking, are often located in places that are not always easy to access, making it difficult to record water temperature, and the status of these parts, quickly and easily.

While a manual approach makes sense, and is quick and easy, for one or two taps, what happens when this task load increases to around 2000 plus taps, for example within a hospital? The time it takes to check, run the water, record the information, and draft the supporting reporting skyrockets and can create enough work for 3-5 full time personnel depending on the complexity of the water system. This time spent gets worse when it spans 300 sites in the case of a large hotel chain, for example, that has outlets as well as other water systems, like spas, to monitor and control. This approach is not productive, and paper-based recording is likely to deliver inaccurate measurements and data to management teams.

Another factor to consider is that in some cases flushing water systems can actually compete against sustainability agendas, even if advised by the HSE. There must be a be a more effective way, that does not require high demands on human resourcing, during a time when the NHS and hospitality sectors are facing talent shortages. Surely employee time would be better spent looking after patients and guests – or in deploying them within other areas of the organisation where value could be added?

Succeeding with IoT & automation

This is where digitisation and automated monitoring solutions, with wireless IoT sensors, are enabling hospitals, hotels and other organisations to improve processes, as they strive to meet HSE requirements.

When installed, these highly sensitive sensors can record when taps and showers have been used through normal daily use – for example, measuring the temperature of pipes to ensure legionella does not grow, or checking when water has been run. Information tracked is automatically uploaded to a secure online portal. Teams can access this data from a web browser on a PC, laptop or smartphone.

Management can then refer to this data and gain a true view of the water temperature / usage across all of their water outlets and storage tanks in real-time, centrally.  Reporting can be easily produced and show which taps have or haven’t been used through normal daily use, thereby minimising the amount of work that needs to be done manually (e.g. flushing taps, recording temperatures).

This modern approach also significantly reduces the traditionally high amount of administration, paperwork and reporting required, as it can be done automatically. Another key benefit for organisations and management teams is that all the data recorded is 100% accurate and reliable.  Which isn’t always the case when done manually. Taps also don’t need to be run for more than the required five minutes, on such a large scale, as would have previously been required. This helps organisations save water, energy and contribute to a more environmentally friendly process.

Conclusion

The traditional manual, paper-based systems that were used to support legionella risk assessments had their place and time. IoT, automation and the digitisation of processes is enabling organisations to achieve accurate health and safety gains that were previously unachievable only a few years ago. By trialling newer automated monitoring solutions, that make use of IoT, legionella prevention can be more effectively managed, protecting both people and driving productivity gains more steadily too.

Do you specialise in Energy Data Collection & Management? We want to hear from you!

960 640 Stuart O'Brien

Each month on Energy Management Briefing we’re shining the spotlight on a different part of the market – and in July we’ll be focussing on Data Collection & Management.

It’s all part of our ‘Recommended’ editorial feature, designed to help energy management buyers find the best products and services available today.

So, if you’re a supplier of Data Collection & Management solutions and would like to be included as part of this exciting new shop window, we’d love to hear from you – for more info, contact Lisa Rose on 01992 374077 / l.rose@forumevents.co.uk.

Our features list in full:

Jul – Data Collection & Management
Aug – Waste Management
Sept – Solar PV
Oct – Lighting
Nov – Heating & Ventilation
Dec – Onsite Renewables