logo
Aberdeen firm invests in new base for 200 engineers

Aberdeen firm invests in new base for 200 engineers

Energy consultancy Penspen has marked a major milestone in its north-east growth story by opening a new, larger office in Aberdeen.
The hub brings together 200 specialist engineers under one roof as the company ramps up delivery of energy transition and infrastructure projects across the UK and Europe.
Penspen says the move to Balmoral Business Park in Altens shows its long-term commitment to Aberdeen, where it has had a presence since the late 1980s.
The purpose-built office replaces the company's former base at Queens Gardens and brings in staff from C&I Engineering Solutions, the local firm it acquired in 2024.
'Aberdeen is a critical hub for us – a region where we have deep roots and long-standing relationships with key clients,' said Darren Bartlett, Penspen's director of engineering and energy transition.
'This move reflects both our history in the north-east and our ongoing commitment to its future.'
From its new base, Penspen will lead on serval major low-carbon infrastructure projects.
These include engineering work on the HyNet CO₂ pipeline in Liverpool Bay and a hydrogen infrastructure gap analysis for the Trans Adriatic Pipeline, part of the EU's Southern Gas Corridor.
The company is focused on two key areas: energy security and the repurposing assets for hydrogen and carbon transport – sectors seeing fast-growing demand.
The Balmoral office will also serve as a training hub, for skills in hydrogen systems, CO₂ transmission, and infrastructure reuse.
These skills are considered vital to the UK's future energy system and local workforce development.
Penspen has operated globally for over 70 years. Its workforce has grown from 750 in 2019 to 1,200 today, including more than 200 staff in Aberdeen.
'Bringing the Penspen and C&I Engineering Solutions teams together under one purpose-built roof will strengthen collaboration and further enhance the service we deliver to our clients,' said Mr Bartlett.
'Investing in our Aberdeen presence enables us to grow our team and our capabilities
to deliver technically challenging projects that support global clients at every stage of
the energy project lifecycle.
'We're proud to make a commitment to the city as it positions itself at the heart of the
energy transition.'
Although headquartered in London, Penspen is part of Sidara, which is currently in talks to acquire Aberdeen-based engineering giant Wood.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Buy now pay later provider Zilch to launch first physical card
Buy now pay later provider Zilch to launch first physical card

Rhyl Journal

timean hour ago

  • Rhyl Journal

Buy now pay later provider Zilch to launch first physical card

The fintech, which has been named one of the fastest-growing in the UK, said it means more of its customers can make payments in stores. Zilch currently offers a virtual card, stored in its app or in people's mobile wallets, which links to customers' debit cards and means they can pay for shopping flexibly. People can choose to pay in full, or spread payments over six weeks or three months, at retailers from Primark and Asos to Just Eat and eBay. While the virtual card can be used in shops as well as online, Zilch said that nearly 80% of UK adults do not regularly use mobile wallets so having a physical card will drive more transactions. It is also set to open up buy-now-pay-later options for bigger purchases like home repairs, hotel check-ins, and car rentals. The cards will become available to its existing customers from September. The London-based company has grown its customer base to more than five million since launching five year ago and securing authorisation from the UK's Financial Conduct Authority. It reached a valuation of two billion dollars (£1.5 billion) in 2021 and was named one of the UK's fastest-growing fintech unicorns this year. Buy now, pay later providers like Klarna and Clearpay have come under new standards since legislation was introduced last month. It came amid concerns that a lack of regulation has led some of the 10 million people who use it to take on too much debt.

Buy now pay later provider Zilch to launch first physical card
Buy now pay later provider Zilch to launch first physical card

South Wales Guardian

timean hour ago

  • South Wales Guardian

Buy now pay later provider Zilch to launch first physical card

The fintech, which has been named one of the fastest-growing in the UK, said it means more of its customers can make payments in stores. Zilch currently offers a virtual card, stored in its app or in people's mobile wallets, which links to customers' debit cards and means they can pay for shopping flexibly. People can choose to pay in full, or spread payments over six weeks or three months, at retailers from Primark and Asos to Just Eat and eBay. While the virtual card can be used in shops as well as online, Zilch said that nearly 80% of UK adults do not regularly use mobile wallets so having a physical card will drive more transactions. It is also set to open up buy-now-pay-later options for bigger purchases like home repairs, hotel check-ins, and car rentals. The cards will become available to its existing customers from September. The London-based company has grown its customer base to more than five million since launching five year ago and securing authorisation from the UK's Financial Conduct Authority. It reached a valuation of two billion dollars (£1.5 billion) in 2021 and was named one of the UK's fastest-growing fintech unicorns this year. Buy now, pay later providers like Klarna and Clearpay have come under new standards since legislation was introduced last month. It came amid concerns that a lack of regulation has led some of the 10 million people who use it to take on too much debt.

Buy now pay later provider Zilch to launch first physical card
Buy now pay later provider Zilch to launch first physical card

South Wales Argus

timean hour ago

  • South Wales Argus

Buy now pay later provider Zilch to launch first physical card

The fintech, which has been named one of the fastest-growing in the UK, said it means more of its customers can make payments in stores. Zilch currently offers a virtual card, stored in its app or in people's mobile wallets, which links to customers' debit cards and means they can pay for shopping flexibly. Buy now, pay later providers like Klarna and Clearpay have come under new standards since legislation was introduced last month (Tim Goode/PA) People can choose to pay in full, or spread payments over six weeks or three months, at retailers from Primark and Asos to Just Eat and eBay. While the virtual card can be used in shops as well as online, Zilch said that nearly 80% of UK adults do not regularly use mobile wallets so having a physical card will drive more transactions. It is also set to open up buy-now-pay-later options for bigger purchases like home repairs, hotel check-ins, and car rentals. The cards will become available to its existing customers from September. The London-based company has grown its customer base to more than five million since launching five year ago and securing authorisation from the UK's Financial Conduct Authority. It reached a valuation of two billion dollars (£1.5 billion) in 2021 and was named one of the UK's fastest-growing fintech unicorns this year. Buy now, pay later providers like Klarna and Clearpay have come under new standards since legislation was introduced last month. It came amid concerns that a lack of regulation has led some of the 10 million people who use it to take on too much debt.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store