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The Herald Scotland
21 hours ago
- Business
- The Herald Scotland
Ofgem backs Scottish underground hydrogen storage project
The consortium, National Gas, has secured £500,000 from Ofgem to develop the innovative new type of underground hydrogen storage. The system, known as H2FlexiStore, has been developed by Edinburgh energy storage developer Gravitricity, and is designed to hold up to 100 tonnes of green hydrogen in purpose-built underground lined shafts. The technology can be located where required, for example as part of the National Gas network or next to large industrial users. The Ofgem funding will enable a consortium – which also includes Southern Gas Networks, Guidehouse, Edinburgh University, Energy Reform and Premtech – to design and model a working system over the next six months, ahead of a potential demonstration phase next year. Capacity comparisons. (Image: Gravitricity) The funding comes from Ofgem's Strategic Innovation Fund and follows the successful completion of a National Gas led feasibility study in 2024, which identified H2FlexiStore as the preferred technology to provide locationally flexible hydrogen storage. Once the design project is successfully completed, a third and final project phase could be secured, which would see the delivery of a technical demonstration project, supported by multi-million-pound funding from the Strategic Innovation Fund. A successful demonstrator project would validate the benefits of underground storage to the hydrogen industry and key infrastructure projects such as Project Union, which is investigating the potential to repurpose the existing gas grid for hydrogen to create a UK hydrogen backbone to connect production and storage assets to demand. Martin Wright is a co-founder of the company. (Image: Gravitricity) Martin Wright, Gravitricity co-founder and executive chairman, said: "Given the strategic need for grid scale energy storage both nationally and internationally, it is crucial that enabling hydrogen storage technologies such as H2FlexiStore are commercially mature in time to offer cost effective resilience within current and future energy systems. "This support from Ofgem, enables us to prepare both technically and commercially for the delivery of a demonstration project next year and the early commercial projects within our existing pipeline of opportunities." Kelvin Shillinglaw, innovation analyst at National Gas, said: "This project is a critical step forward in ensuring the UK's gas networks are ready for a hydrogen-powered future. "By embedding resilience with operational hydrogen storage directly into the transmission system, we can maintain operational flexibility, reduce costs for consumers, and support the decarbonisation of heat and power." Airline hails 30 million passengers through Scottish airport A major airline has hailed reaching a total of 30 million passengers through one Scottish airport since it started operating from the site.
The National
a day ago
- Business
- The National
Scottish underground hydrogen storage project awarded £500k
National Gas, an independent gas supplier in the UK, was awarded the funds by energy regulator Ofgem to develop the project alongside Edinburgh-based energy storage specialists Gravitricity, and could see a pilot project built as early as next year. The storage system, known as H2FlexiStore, is designed to hold up to 100 tonnes of green hydrogen in purpose-built underground shafts, and can be located anywhere it is required – for example, as part of the National Gas network, or next to large industrial sites which consume a lot of energy. Proposals for the underground hydrogen storage project (Image: Gravitricity) The funding from Ofgem will enable a consortium – which also includes Edinburgh University and Southern Gas Networks, among others – to design and model a working system over the next six months, ahead of a potential demonstration phase in 2026. The funds were awarded from Ofgem's Strategic Innovation Fund and come after a feasibility study carried out by National Gas in 2024 identified the H2FlexiStore as the preferred technology to provide hydrogen storage which can be used in any location. (Image: Peter Dibdin Photographer) Martin Wright (above), co-founder and chief executive chairman of Gravitricity, said: 'Given the strategic need for grid scale energy storage both nationally and internationally, it is crucial that enabling hydrogen storage technologies such as H2FlexiStore are commercially mature in time to offer cost effective resilience within current and future energy systems. 'This support from Ofgem, enables us to prepare both technically and commercially for the delivery of a demonstration project next year and the early commercial projects within our existing pipeline of opportunities.' READ MORE: Historic Scottish castle with 800-year history goes on sale Wright added that the technology could be of particular use in Scotland, "where there are no alternative or existing geological storage solutions". Kevin Shillinglaw, innovation analyst at National Gas, said: 'This project is a critical step forward in ensuring the UK's gas networks are ready for a hydrogen-powered future. 'By embedding resilience with operational hydrogen storage directly into the transmission system, we can maintain operational flexibility, reduce costs for consumers, and support the decarbonisation of heat and power."
National Post
28-05-2025
- Automotive
- National Post
Canada Printed Circuit Board Market Trends, Forecasts and Competitive Landscape Report 2021-2024 & 2025-2030
Article content Article content DUBLIN — The 'Canada Printed Circuit Board Market | Size, Outlook, Companies, Analysis, Value, Segmentation, Forecast, Growth, Share, Industry, Revenue & Trends: Market Forecast By Types, By Substrate, By End-users And Competitive Landscape' report has been added to offering. Article content Canada Printed Circuit Board Market is projected to grow at a CAGR of 4.5% from 2025-2031F. The Canada PCB market is set for robust growth in the coming years, driven by several factors. Article content The Canada Printed Circuit Board (PCB) market is experiencing robust growth, fueled by advancements in electronics and rising consumer demand across various industries. The automotive sector, where PCBs are integral, saw a substantial production increase from $55.23 billion in 2020 to $74.6 billion in 2023, driven by the industry's transition to electric vehicles (EVs). Similarly, the aerospace sector is benefiting from investments like the Strategic Innovation Fund's (SIF) $350 million initiative in 2023 to support Sustainable Aviation Technology, creating demand for specialized PCBs used in green technologies. Article content The telecommunications sector is also a significant contributor, with the widespread deployment of 5G and the growing use of Internet of Things (IoT) devices further boosting the market. The Canadian manufacturing sector, which contributed $174 billion (10% of GDP) in 2023, plays a pivotal role in this expansion. As industries like defense, healthcare, and telecommunications continue to evolve, the demand for PCBs in these applications is expected to accelerate, fostering sustained growth in the market. The expansion of electric vehicles, with over 85,500 annual sales of battery electric and plug-in hybrid vehicles, is increasing the demand for high-performance PCBs in the automotive sector. Government targets of 60% zero-emission vehicle sales by 2030 further accelerate this growth. Additionally, the continued rollout of 5G networks, along with the rapid expansion of Internet of Things (IoT) devices, drives consistent demand for advanced PCBs in telecommunications and consumer electronics. Article content The integration of AI with 5G networks necessitates high-speed, low-latency PCBs, while Canada's Quantum 2030 strategy, which fosters innovation in quantum hardware, further enhances the market's growth potential. Furthermore, the Canadian government's commitment to investing US$29 billion over 20 years in modernizing defense systems, including surveillance, command and control, and air weapons systems, would also increase demand for advanced PCBs in defense applications. Collectively, these factors would significantly boost demand, ensuring a prosperous future for Canada's PCB market. Article content In Canada Printed Circuit Board Market, Multilayer PCBs has the highest potential for growth as they have a vital role to play in high-tech industries including automotive, healthcare as well as telecommunications. Article content The sector which holds the maximum revenue share in Printed Circuit Board Market of Canada is the automotive sector. Owing to the nation's expanding focus on electric vehicle, smart infotainment solutions and advanced driver-assistance systems automotive sector is holding the largest market share. Article content Key Topics Covered: Article content 1. Executive Summary Article content 2. Introduction Article content 2.1. Report Description Article content 2.2. Key Highlights of the Report Article content 2.3. Market Scope & Segmentation Article content 2.4. Research Methodology Article content 2.5. Assumptions Article content 3. Canada Printed Circuit Board Market Overview Article content 3.1. Canada Printed Circuit Board Market Revenues, 2021-2031F Article content 3.2. Canada Printed Circuit Board Market Industry Life Cycle Article content 3.3. Canada Printed Circuit Board Market Porter's Five Forces Article content 4. Canada Printed Circuit Board Market Dynamics Article content 4.1. Impact Analysis Article content 4.2. Market Drivers Article content 4.3. Market Restraints Article content 5. Canada Printed Circuit Board Market Trends And Evolution Article content 6.1. Canada Printed Circuit Board Market Revenue Share, By Product Type, 2024 & 2031F Article content 6.1.1. Canada Printed Circuit Board Market Revenues, By Single Sided PCBs, 2021-2031F Article content 6.1.2. Canada Printed Circuit Board Market Revenues, By Double Sided PCBs, 2021-2031F Article content 6.1.3. Canada Printed Circuit Board Market Revenues, By Multi Layer PCBs, 2021-2031F Article content 6.1.4. Canada Printed Circuit Board Market Revenues, By Rigid PCBs, 2021-2031F Article content 6.1.5. Canada Printed Circuit Board Market Revenues, By Flexible PCBs, 2021-2031F Article content 6.1.6. Canada Printed Circuit Board Market Revenues, By Rigid-Flex PCBs, 2021-2031F Article content 6.1.7. Canada Printed Circuit Board Market Revenues, By HDI PCBs, 2021-2031F Article content 7. Canada Printed Circuit Board Market Overview, By End User Article content 7.1. Canada Printed Circuit Board Market Revenue Share, By End User 2024 & 2031F Article content 7.1.1. Canada Printed Circuit Board Market Revenues, By Consumer Electronics, 2021-2031F Article content 7.1.2. Canada Printed Circuit Board Market Revenues, By Automotive, 2021-2031F Article content 7.1.3. Canada Printed Circuit Board Market Revenues, By Aerospace and Defence, 2021-2031F Article content 7.1.4. Canada Printed Circuit Board Market Revenues, By Healthcare, 2021-2031F Article content 7.1.5. Canada Printed Circuit Board Market Revenues, By Industrial Equipment, 2021-2031F Article content 7.1.6. Canada Printed Circuit Board Market Revenues, By Telecommunications, 2021-2031F Article content 10.3. Canada Printed Circuit Board Market Competitive Benchmarking, By Operating Parameters Article content 11. Company Profiles Article content 11.1. Enigma Interconnect Corp. Article content 11.2. CCI Canadian Circuits Article content 11.3. Crimp Circuit Canada Inc. Article content 11.4. Candor Circuits Boards Article content 11.5. RLX Solutions Article content 11.6. Metaplast Circuits Limited Article content 11.7. Summit Interconnect Article content 11.8. PFC Flexible Circuits Limited Article content 11.9. Circuit Tech Inc. Article content 11.10. Firan Technology Group Corporation Article content 12. Key Strategic Recommendations Article content is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. 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