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Investing in hydrogen, platform electrification, and CCS could create 26,000 new jobs in the UK.

According to a study by Robert Gordon University commissioned by Offshore Energies UK (OEUK), three new low-carbon technologies could create 26,000 new UK energy jobs by 2030.

According to the survey, much of the new work will be done in coastal areas throughout the UK, including eastern England, northeastern England, northeastern Scotland, Merseyside and northern Wales.

RGU’s Energy Transition Institute has explored the potential benefits of three new, rapidly expanding energy technologies. Mass production of hydrogen -Green fuel that can replace natural gas and diesel. Carbon transport and storage – A place where CO2 emissions are permanently buried underground. Offshore platform electrification – To reduce emissions from oil and gas production.

Energy profit tax

However, Offshore Energy UK, which represents the interests of UK offshore oil and gas and renewable energy companies, is working to impose an energy benefit Levy when the UK government hands over most of the profits from offshore oil. Said that the results of the investigation were available. Gas extraction to the Ministry of Finance. This means oil and gas operators have less money to invest in new technologies.

“RGU’s research was commissioned by OEUK under the North Sea Transition Agreement signed between the offshore oil and gas industry and the UK Government in 2021. This agreement enables offshore oil and at the same time with oil. Recognizing the role of the sector in providing a safe supply of gas, gas companies provide low carbon energy production, including offshore wind. “

The RGU considered three investment scenarios to calculate the number of jobs that could be created by a transaction by 2030. By 2030, we have found that if the goals of the UK Government’s UK Energy Security Strategy are met, the UK will: Each year; produces 10 gigawatts of hydrogen (almost equivalent to 10 large power plants). Operate 10 offshore oil or gas platforms on low carbon power. Up to 26,000 additional jobs – 15% of the workforce across the offshore industry.

Best scenario

These goals represent the best-case scenario of Robert Gordon University, where the UK Government’s UK Energy Security Strategy is fully implemented. This means that by 2030, people involved in hydrogen production, CO2 transport and storage, and electrification projects will account for nearly 15% of the total offshore energy workforce.

“Depending on the investment level, this will create 8,000 to 26,000 new energy jobs by 2030 for NSTD-related activities such as CO2 processing, transportation and storage. In the same best scenario, the UK It also represents an investment in activities based on more than £ 14 billion of activities by 2030. “

However, according to OEUK, more jobs could be created by activities related to NSTD, but outside the scope of the offshore industry, such as CO2 capture, CO2 imports, construction of some facilities, especially UK exports. is. Technology and expertise.

According to OEUK, the energy security bill released by the government last week included the following fact sheets: 2030. “

Energy profit tax not considered in the survey

The RGU study preceded the Energy Profits Levy and its impact is not known in the study.

OEUK warns the industry that this levy “will cost at least £ 5 billion this year alone, so there is a risk of discouraging the investment needed for new technologies in the coming years.”

Katy HeidenreichOEUK’s director of supply chain and operations said spending on electrification is the technology most affected by the new tax, but all three have the money and confidence to invest in UK energy. It depended on the offshore operators that were there.

She states: “This study shows that the UK’s offshore energy workforce is at the heart of the energy transformation. The North Sea Transition Agreement leverages oil and gas workforce expertise to help achieve climate goals. It has the potential to achieve clean energy, but the new energy profit tax proposed by the UK government could undermine this.

“Priority energy produced here in the UK will help ensure a reliable energy supply now and reduce carbon energy in the future. It will provide affordable energy to millions of households and It helps to secure tens of thousands of jobs in industrial centers across the country and support the UK economy.

“This possibility is currently at stake as investors are working on the unexpected taxation of the UK Government on this sector. UK offshore to achieve the best results outlined in this study. The energy industry needs an environment that encourages investment and recognizes the continued need for oil and gas as new low-carbon developments and technologies come online.

“We need more long-term thinking and a predictable, stable political and investment environment than ever before.”

Professor Paul de Liu Robert Gordon University (RGU) and the lead author of the review said: “Energy transformations provide exciting and new opportunities for UK offshore energy workers. They equip their workforce with the skills they need for their future work and ensure a coordinated, fair and equitable transition. It is important that the RGU review highlights potential awards for up to 26,000 additional jobs by 2030. The success of this award is the new need for the rest of the decade. It depends on the industry’s ability to develop and deliver low carbon projects. “

https://www.oedigital.com/news/498022-investments-in-hydrogen-platform-electrification-and-ccs-could-create-26-000-new-jobs-in-uk-by-2030 Investing in hydrogen, platform electrification, and CCS could create 26,000 new jobs in the UK.

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