£7m investment to boost energy security in the North East
A fast-growing Teesside engineering and management services consultancy is driving forward two multi-million-pound projects that are helping to bolster Britain’s energy security.
Stockton-on-Tees-based Encora Energy is engaged with an investment team to successfully commission two gas-fired peaking plants in Sunderland and Peterlee. Often known as “peakers”, they are power plants that generally run only during periods of high demand for electricity, in order to balance the grid.
The two plants represent an investment of around £7m across their 15-year lifespan. Over this period, the combined worth of the work for Encora will be an estimated £1m.
Encora has been involved in these projects from their inception, helping the plant owners to identify suitable sites and overseeing the construction phase. Now Encora will help the owners to operate the plants as efficiently as possible to extract maximum value from them.
Both plants will help the North East and Britain to address key energy security concerns, which have been heightened since Russia’s invasion of Ukraine. The conflict has sent wholesale gas prices soaring and reduced supplies of gas from Russia into Europe.
Andrew Normand, business development director at Encora Energy, said: “Britain is on a mission to create a green electricity system, but as we transition we need to deal with the variability of renewable energy. These efficient gas-fired peaking plants are there to provide additional energy to top up the system in periods of low wind and solar generation.
“These plants will provide a safety net during these periods, to be used when demand is high. They will help Britain to balance the grid as we move towards a green energy future.”
By Mark Adair – Correspondent, Bdaily
- Add me on LinkedIn and Twitter to keep up to date
- And follow Bdaily on Facebook, Twitter and LinkedIn
- Submit press releases to editor@bdaily.co.uk for consideration
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our daily bulletin, sent to your inbox, for free.
Improving North East transport will improve lives
Unlocking investment potential before year end
Give us certainty to deliver better homes
Hormuz: Safe passage - not insurance - the issue
Don't get caught out by employment law change
When literacy thrives, our businesses thrive too
Building a more diverse construction sector
The value of using data like a Premier League club
Raising the bar to boost North East growth
Navigating the messy middle of business growth
We must make it easier to hire young people
Why community-based care is key to NHS' future