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Starting to manage energy for your business in Australia can be tricky, with many questions about energy prices and renewable energy options.

Today, we want to simplify it by answering 15 common questions about Australian business energy.

Whether you’re just starting a small business or already have a big one, understanding how much energy you use, saving costs, and using sustainable practices is essential.

Come along as we explain the ins and outs of business energy, giving you the knowledge to make smart choices that keep your business running smoothly and help the environment.

What is the Difference Between Business Energy and Residential Energy?

The primary difference between business and household energy lies in the structure of contracts established by suppliers. Business energy contracts typically span 1–5 years with fixed durations, and early cancellations are generally not an option. Businesses can choose fixed-rate contracts.

How do Businesses Get Safety When Purchasing Business Energy?

Energy providers adhere to industry codes and supply Licence Conditions governed by regulatory bodies like Ofgem. These regulations dictate fair business practices and customer interactions, ensuring customer protection and equitable treatment.

What is a Business Energy Plan?

A Business Energy Plan is a structured strategy designed to meet the specific energy needs of a business or commercial entity. This plan outlines how a business intends to manage, consume, and optimise energy usage to ensure efficiency, cost-effectiveness, and sustainability.

It typically involves a detailed analysis of the organisation’s energy requirements, including electricity and gas consumption, and aims to tailor solutions that align with operational demands and environmental considerations.

A well-crafted Business Energy Plan often incorporates energy efficiency measures, renewable energy adoption, and cost-saving strategies.

This proactive approach helps businesses streamline their energy usage and adapt to changing market dynamics and regulatory landscapes in the ever-evolving energy sector.

How to Compare Business Electricity Providers?

When you compare business electricity providers, it means looking at different things to decide which one is best for you.

First, check how much each provider charges for electricity and see the usage and supply costs. Also, look closely at the contract details, like how long it lasts, if there are fees for ending it early, and any extra costs you might not know about.

Make sure to think about how good the customer service is from each provider because quick and reliable help is essential for your business.

Consider if the plans they offer match what your business needs. By considering their sustainability efforts, determine if the providers care about using renewable energy sources. Read online reviews and stories from other businesses to see their experiences with these providers.

In the end, comparing prices, contact details, customer service, and how eco-friendly they are will help you pick the best electricity provider for your business.

What are Business Electricity Rates? Peak/offpeak

Business electricity rates in Australia can vary based on location, business size, and the electricity provider.

Typically, businesses are charged different rates for peak and off-peak periods. During peak hours, which are times of high demand, electricity rates tend to be higher. These peak hours often coincide with businesses’ activities, such as during regular working hours.

On the other hand, off-peak hours, usually occurring during nights, weekends, or holidays when overall demand is lower, come with lower electricity rates.

The specific peak and off-peak hours can vary, so businesses need to check with their electricity provider for the exact details of their rate structure.

Additionally, businesses can explore time-of-use or flexible pricing plans that offer varying rates depending on the time of day.

How Can You Track Your Energy Usage?

Tracking energy usage for your Australian business involves implementing effective monitoring systems and utilising available tools. Start by installing energy monitors that provide real-time data on your electricity consumption.

These meters enable you to track usage patterns, identify peak hours, and monitor overall energy efficiency.

Many electricity providers in Australia offer online portals or apps that allow businesses to access detailed insights into their energy consumption. Utilise these platforms to regularly review usage data, set benchmarks, and identify opportunities for optimisation.

Implement energy management software for your benefit. It will provide analytics and help you make informed decisions to reduce energy costs.

Additionally, engage employees in energy conservation initiatives and promote a culture of awareness to enhance your business’s overall energy efficiency further.

Regular monitoring and analysis will empower your business to take proactive steps towards sustainable, cost-effective energy practices.

How do Business Energy Savings Work with Small Businesses?

Small businesses can start by conducting an energy audit to identify areas of improvement in their energy consumption. Upgrading energy-efficient appliances, installing LED lighting, and optimising heating and cooling systems can lead to immediate savings.

Additionally, exploring renewable energy sources like solar panels can contribute to long-term cost savings.

Businesses can also negotiate favourable energy contracts, taking advantage of competitive market rates and favourable terms. Employee awareness and engagement in energy-saving practices, such as turning off lights, enhance overall efficiency.

What are Some Incentives or Grants Available for Businesses?

The Australian government provides the Business Energy Advice Program, which offers free advice on improving energy efficiency for small businesses.

The Emissions Reduction Fund assists businesses in reducing carbon emissions, providing financial incentives for eligible projects. State-specific programs, like the New South Wales Energy Saver program, offer grants for energy-efficient upgrades.

The Small-scale Renewable Energy Scheme (SRES) provides financial incentives for businesses installing eligible renewable energy systems, such as solar panels.

Additionally, the Instant Asset Write-Off scheme allows businesses to deduct the cost of eligible energy-efficient assets immediately.

How does an Energy Business Reduce Energy Costs?

Implementing energy-efficient practices, such as upgrading energy-saving equipment, optimising operational processes, and improving insulation, can significantly reduce energy consumption.

Embracing renewable energy sources, like solar or wind power, contributes to sustainability and mitigates reliance on traditional, often more expensive, energy sources.

Smart technology, including energy management systems and advanced analytics, allows businesses to monitor and control energy usage more effectively.

Negotiating favourable energy contracts, exploring government incentives and grants, and fostering a culture of energy awareness among employees further contribute to overall cost reduction.

How to do An Energy Audit?

Analyse utility bills to understand usage patterns and identify high-consumption areas. Inspect and assess the efficiency of equipment, lighting, and HVAC systems.

Consider investing in smart meters or energy monitoring systems to gather real-time data. Engage with an energy auditor or use online tools to evaluate the overall energy performance of your business.

Explore government programs like the Business Energy Advice Program, which provides free advice and support for energy audits.

The insights gained from the audit will enable you to develop a targeted strategy for energy optimisation and cost reduction tailored to the specific needs of your business.

Do Contracts for Small and Micro Businesses Differ from other Business Energy Contracts?

In the case of a micro business contract, the terms and conditions must be expressed in ‘clear and understandable language’ to accommodate business owners who may not be well-versed in the industry.

Furthermore, the supplier must specify the commencement and conclusion dates in a ‘Statement of Renewal Terms.’ A termination notice period, fixed at 30 days before the contract’s conclusion, must also be incorporated.

What Type of Smart Meter Should You Get?

Generally, there are basic energy monitors that provide real-time data on energy consumption, helping you monitor usage patterns. Advanced smart meters may offer additional features like remote data access, detailed analytics, and the ability to control certain appliances remotely.

Why Does My Business Need A Business Energy Contract?

For businesses with a fixed location, having electricity is very important. Suppliers want to make sure they get paid for the energy they provide. When starting to get energy for your business, suppliers ask you to sign a contract.

This helps them manage their supplies and gives your business peace of mind about having energy for the contract duration. If the contract ends, and you’ve paid for the energy you used, your supply won’t be cut off. However, you’ll be moved to a more expensive standard tariff.

How can comparing business energy suppliers help my business?

By evaluating different suppliers, you can identify competitive rates, favourable contract terms, and potential incentives or discounts. This comparison allows you to make informed decisions, choosing a supplier that aligns with your energy needs and budget constraints.

Also, assessing suppliers for their commitment to renewable energy sources and environmental practices supports your business in adopting more sustainable energy solutions.

How do you know when your current business energy contract is ending?

Discovering the end of your contract can be done by examining your latest energy bill, where the end date is typically mentioned alongside your tariff name and account number.

Alternatively, you can refer to the signed contract or contact your energy provider for confirmation. You will receive notice about the end of your current tariff 42–49 days before the official contract end date.

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15 Common Questions About Australian Business Energy Answered

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Renewable Energy

Open Carry in Florida

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Imagine you’re a young mom, shopping for groceries with your two little kids, and you see a man with an AR-15 strapped across his back. You recognize that this is the weapon of choice for the mass murders of schoolchildren, and so perhaps you’re a bit more afraid than you would have been if it were just a holstered pistol. Are you going to be on national news for the next day or two?

The man looks like the stereotypical MAGA guy, and you remember hundreds of photos of people like him.  Is he dangerous?  It’s hard to tell.

What would you do?

Here’s what I would do: Leave. Noisily.  “Do you think I’m shopping in a place with a guy toting a weapon designed to kill hundreds of people a minute?  This is insanity.  Goodbye forever. Anyone stupid enough to shop here deserves what he gets.”

Open Carry in Florida

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Renewable Energy

Why Nuclear?

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From a reader: Look at the footprint of solar panels it takes to produce the same amount as a nuclear plant, then tell me what’s better for the Earth!

Needless to say, I’ve heard this a great many times over the years.  The subject is a bit complex.

While it’s true that nuclear offers far better energy density that solar (and wind), this is one of many criteria we use to determine the best resource(s).  We might rank our presidents on the basis of how few wars the Unites States was fighting during their tenure in office, yet there are dozens of other important criteria: economic strength, lessening the gaps between rich and poor, etc.

Another way to look at this subject is to look at competing resources in a certain region.  The central part of the U.S. has incredible wind resources; a normal day in the Nebraska grid-mix offers 70% wind.

If human civilization is to avoid environmental collapse driven by climate change, nuclear is going to be absolutely necessary, but only partially due to energy density; nuclear boasts high reliability and capacity factor, as well as low operating expenses.

In all, the world needs to hope that nuclear advances quickly; we won’t do well without it.

Thanks for the comment.

Why Nuclear?

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Renewable Energy

ORE Catapult Showcases UK Wind Innovation

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Weather Guard Lightning Tech

ORE Catapult Showcases UK Wind Innovation

Emily Rees and Magnus Willett from ORE Catapult discuss the upcoming UK Offshore Wind Supply Chain Spotlight in Edinburgh. The event brings together innovative companies that are establishing the UK as a global leader in offshore wind energy, from small startups to major manufacturers.

Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard’s StrikeTape Wind Turbine LPS retrofit. Follow the show on FacebookYouTubeTwitterLinkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes’ YouTube channel here. Have a question we can answer on the show? Email us!

Emily and Magnus, welcome to the show. Hi, it’s great to be here. Thanks so much. Thanks so much for having us. You, you’re both preparing for the UK offshore wind supply chain Spotlight 2025, in which Joel and I are looking forward to attending up in Edinburgh on December 11th. Uh, and it’s an event that showcases where the UK stands in Global Offshore Wind Development.

Uh, but Emily, I, I know there’s some challenges in the UK at the moment and, uh, the UK is working through those. Want to talk to some of the. Those challenges and how the spotlight is gonna help work through those. Yeah, uh, of course. So, um, I think that, you know, we as the uk like have identified quite a while ago that offshore wind was a really massive opportunity for us.

You know, we’ve got a really amazing offshore wind resource, [00:01:00] um, and. So we really wanted to take advantage of it and, you know, push forward with a, with that industry. Um, the things that we’ve come up against is that, um, ability to then provide homegrown, um, supply chain, you know, actually have, uh, businesses in the uk being that, that main supply, um.

In the first port of call, you know, there was the, uh, a lot of the, um, sort of components that we, we sort of have to, to build the fixed bottom offshore wind was all coming from abroad, so it’s like, right, well, how do we reap the benefits internally of this really amazing industry that we can build? And so, um, having, uh, supply chain spotlight events where we can really shine a light on the different companies internally in the UK that are actually providing services and providing, um, the supply chain for offshore wind, um, is, is super critical.

And the, the catapult, um, the offshore renewable energy catapult, uh, where Magnus and I both from, um, is, you know, [00:02:00] really key into making that happen. I know when you look online at the re catapult and you see like the people that you partner with, the organizations, the, I mean OEMs, um, all of the innovative technical technology companies that are coming out there, it it, it’s, it’s so great to see.

Right. And then this is me sitting in my, my American chair a and I talked about this. We talked a little bit about it off air, about the fact that wind energy in general, when you’re, when you’re talking offshore wind, onshore wind, it is a huge. Industrial and economic opportunity for all the countries that are involved in it.

And simply because things like this don’t come along that often, right? Like you have the, you know, the automo, I look at it like that, like the automobile was a thing, right? Like, oh, we went from horses to this. This is a huge opportunity. It made a lot of people, a lot of money, put a lot of people to work.

Wind is the same thing in my perspective, and maybe not at that grand of scale, the automobile, of course, but. You are seeing with your organization, the involvement with people like we have the, the Siemens facility in [00:03:00]Hull, and I know you guys do a little bit of work with them, uh, bringing that manufacturing onshore into the uk.

But not only is it bringing manufacturing what you’re doing here with the UK offshore wind supply chain spotlight is taking. The small companies, the, the, the, the two person companies, the 10 person companies, the 50 person companies, and saying, Hey, we also have really smart people here that are doing really cool things in operations and maintenance or like, you know, helping with some cool innovation for, uh, construction or development.

So there’s a lot of things happening in the uk. I mean, one of the reasons why we’re talking to you guys right now is we want to, we wanna show the rest of the world that you guys are taking advantage of this opportunity and hopefully spur more people on to do the same thing. Absolutely. Right. I’m, I’m, I think the, the key thing for us is in the UK we’re now at a point where we’re trying to maximize the supply chain opportunity and, and, um.

The supply chain is a, is a big pyramid, right? You have, you do have your OEMs and your tier ones at the top, but that stretches all the way down into the university spin outs. And, [00:04:00] um, and the kind of the one two person bands and the, and Orca pull we’re, we’re here to support them as much as we are to support those larger organizations.

Um, and we’ve, we have to, you know. Uh, supported likes of GE and, and, and Siemens through our, our big testing facilities and blade test facilities, drive train facilities. But we’re also testing kind of two, three person, um, organizations. New, um, dynamic cabling solutions for floating wind, right? So we span across an entire, um.

An entire supply chain. And I suppose part of the Supply Chain Spotlight event that we run, um, every year is, is to, is to give all organizations an equal playing field, to present themselves, to project developers, to OEMs, to government, as to why their technology, why their business can solve some of the biggest challenges that offshore wind has in the uk.

But also globally, right? Um, this is a global [00:05:00] market and the, and the uk, um, is, is is a leader in the deployment and the operations in the maintenance phase. And we have a huge amount of knowledge and we wanted to share that, uh, globally as as, as well as here in the uk. I know we have some questions and some topics we wanna get to, but I want to focus on that one point you said there, Magnus, of the the level playing field.

’cause when we were exploring this supply chain spotlight, one of the things that popped up to me was it doesn’t matter who you are, you get the same booth, whether you’re Siemens cesa, or you’re, you know, the two person band, same. Same, same style. Yeah. You, you get, everybody gets a level playing drill because everybody’s solution is needed.

I like that a lot. Yeah. It, it, it, it’s one of the core principles for us every year when we sit down with our, with our events team and our supply chain acceleration teams, it’s, you know, that’s a firing principle is to make sure that everyone gets a, a fair and equal opportunity to participate. And, and Magnus, the consequences of not having a supply chain in the UK are, are really severe when you look at it because of the.[00:06:00]

The amount of deployment the UK is talking about, the, the complexity of some of these projects, particularly floating offshore. There’s a lot of, uh, technology that needs to be developed and it needs to be developed very quickly, and especially on the servicing side, the o and m side. Uh, there’s a ton of knowledge sitting in the UK that can solve these problems, but it, it does feel a little odd.

I, I’d have to say, as a small business owner, I know how hard that is, is to take that first leap into. Showing a product, trying to get it introduced. If you come to the spotlight and in a couple of weeks in, in, it’s in December, so it’s not that far off. When you get to an event like this, this is the opportunity you need to get started or to expand, which makes I, I think, answers so many questions about how the UK is going to move forward in offshore wind.

We will work, um, through a number of different initiatives to understand, um, the challenges the industry is facing. [00:07:00] So we have a pretty good handle on, you know, what are, what are the challenges that they’re facing now, but also the challenges. What are the, what are the challenges they’re gonna face in five years time?

Right? Um, commercialization of technology does take a while. Um, and so we need to understand those challenges. And so Spotlight is, is is also part of that, right? It’s that knowledge sharing that, that exchange of information between, between the, the various different elements of the supply chain and the project developers to say, this is our challenges.

This is the solution we have and try and do and try and bring them together under one roof, um, and, and showcase their technology. And it’s important we get it right. You know, we, we, we, we have a, uh, an an, an ongoing energy transition. There’s an economic opportunity there. We have to try and maximize that, um, and provide as much opportunity for job creation, for IP creation.

Economic development and, and, and, and, and everything and, and far and few in between. So it’s super important we get that right. And part of that is just, [00:08:00] just you shine a, shine a light on these companies. A lot of things are happening in the UK at the moment, particularly offshore wind. But there’s been several wins and, and particularly into the way that the, uh, systems, I’ll call an overall systems of offshore wind are established from, uh, geez OCS to CFD to re catapult to all the s subject matter experts that are, that are there.

I wanna talk to that a little bit about, because I think a, a lot of other countries don’t realize necessarily the strength that is already in the United Kingdom. I think that the, the key thing here is that the sort of mentioned earlier that the, the, the UK has, um, been very, um, on board or at least signed up very early to this opportunity that we had to take advantage of a resource that would give us energy security in a, um, in a renew.

Right. So offshore wind being that opportunity. [00:09:00] So what that meant though is that, um, a long time ago, I mean, it was 20 years ago that the, the, the rocks that you mentioned, the renewable obligation certificates were the first piece that was put in there to try and incentivize companies to. Um, purchase their electricity from renewable sources.

So it’s like, right, okay, we know that we want to be starting this opportunity. Let’s, let’s, uh, put in a mechanism that’s, um, and, and incentivize that happening. But that what then evolved from that was then, um, we realized that, okay, we need to do more to really incentivize this happening. We need to put in some, um, some proper incentives to, to get developers to be really sure that they’re gonna be able to make money.

Out of these quite at the time, you know, quite high, uh, high risk on big developments. Um, and that was when we had feed in tariffs or fits. Um, and then we moved into A-A-C-F-D, which is a contract for difference scheme, which essentially means that the government [00:10:00] guarantees that, that a company that’s created, that’s generating, um, renewables will get a price for their.

For their electricity. But the great thing about contract, the difference and why they’re better, well, or they’re a different mechanism, let’s say, to just standard, you know, guaranteed price, which is what a feed in tariff is, is that if a company actually makes more money, if they’re, they can sell that electricity for higher, then the strike price that was agreed with the government for the contract for difference, they actually have to pay that back.

So it’s almost like a, um, it’s a, it’s a. It’s much less of a, um, uh, a penalty, I suppose, just for the gov, you know, just for the, uh, an administration kind of trying to provide a, a, a revenue support. There also potentially is benefits if say there’s a, like, so for example, um, when we had incredibly high gas prices in the UK and all of the renewable energy, um, generators were actually making more money than they were anticipating, um, over 600 million.

Pounds was put into the u [00:11:00] was brought, put back into the UK like, uh, system. So, yeah. Anyway, the, the contracts for difference has been, has been really beneficial in that front. But actually what it’s been done is it’s meant that we’ve driven competition to, uh, to ’cause developers actually really want to get involved.

It also provides much better assurance for these big projects, which then incentivizes better margins for the developers. So make bigger turbines. Get your, you know, smarter financing, like put in place, um, operations that bring down your cost and then you can make more money and, you know, off you go. Um, and it’s really been a massive success story in bringing down the cost of offshore wind and therefore making it a actually realistic and viable.

Uh. Energy, uh, and electricity, uh, generator in comparison to our, our, you know, gas, um, generating, uh, plants and things. Why do you think that other Northern European countries haven’t followed suit in the same scheme? In, in those countries there’s quite a lot [00:12:00] more, uh, sort of government mandating of like, this is the way that we are going forward.

And there’s much more of a support on that front. I suppose Norway’s quite a good example of a, of a, a country where you’ve got a lot of. There’s a much higher, uh, support that’s provided from that, um, from that governmental sort of standpoint and let, it’s like, it’s like what the UK is also trying to do is it’s trying to generate competition, whereas it’s not necessarily, so I don’t get the impression that from those, the other European countries that maybe are not implementing CFDs is that they’re not necessarily so worried about the competition to drive down the cost.

Whereas the UK has been very much, that’s been a real. Um, motivator for implementing the revenue support systems that we have, but they absolutely have revenue support mechanisms to make offshore wind and wind energy, you know. Work for them. It makes absolute sense because it fits with the strategy that we’re talking about here, right?

[00:13:00] Like it’s, it’s, it’s, the idea is bring innovation, bring new strategy, bring competition, uh, embolden the, the country to come up with new solutions for manufacturing, for operations and maintenance, for all these different things. And that’s what you guys at the Ora Catapult are there to do. That’s your remit.

We’re here to bolster this supply chain, to make these things happen. I mean, we, we, we have gone through challenges, um, in terms of, um, the CFD, you know, particularly with the inflation re increases over the past few years. But the government has listened. Um, and then they, uh, and have made some changes. And, and that includes what’s called the clean in clean industry bonus, which is, is gonna help, um.

Uh, provide some funding into, um, uh, or encourage, uh, developers to support local, homegrown, um, supply chains, which are low carbon. Um, so really investing in sustainable su supply chains for the industry. Um, so I think, yeah, we’ve, we’ve, we’ve absolutely had our [00:14:00] challenges with the, with the CFD, but we’ve got a government who seem to, to be willing to listen to the industry and, and find that compromise between what’s right for the, the UK taxpayer.

Um, um, and then also what’s right for, for building industry. Um, and that’s, you know, we have a number of different mechanisms at re catapult to, to support the supply chain, but also to support the project developer and, and, and the OEM to help grow that sort of, uh, sustainable clean energy supply chains that can do things like, um, and she should do a lot of the manufacturing, um, uh, for floating wind.

Um. Foundations and, and, and the assembly of, of, of turbines and everything. So it’s, you know, it, we, we’ve had our challenges as well and we’re listening and we’re adapting with to, to an evolving market. I think. So what are those areas that are the focus for ORE Catapult to push forward offshore wind?

What technology areas are you focused on right now? We look across the whole, uh, life cycle of, um, [00:15:00] of, of the, of the project development, uh, of our offshore wind farm. Um, a big challenge in the UK at the moment is that it, it typically takes about 14 years for. For a project to go from sort of initial leasing all the way through to kind of FID construction and, and actually, um, generating power.

So, so that’s a, that’s a, a huge amount of time. So we, one of our kind of focus areas is around project pipeline or we, we call PO Project Pipeline, which is, um, environmental, uh, so data collection and trying to fast track that consenting. Process not to, to, to, uh, remove away from environmental protections which are in place, but to try and use new technologies, which can better inform our decision making in the consenting process.

Um, so that’s one, um, that, that, that we focus in on. We focus in on supporting the next generation of turbines. Um, so. Uh, when I first started in the industry, uh, six, six years ago, uh, uh, or, [00:16:00] or castle, sorry, six years ago, you know, it was, it was a novel to have a sort of a, a 10 megawatt, uh, uh, turbine, right?

Or, uh, and, and, and I think 12 megawatt was sort of the standard. And now you, you’re hearing 22 megawatt kind of, uh, uh, commonly referred to 20 megawatt, uh, turbines. Um, and even, and even bigger, right? So. That’s a huge challenge and that’s a huge area of supply chain development that can, that can come with that.

Not just the big fancy blades and, and, and, and, and towers and the cells, but the, the ancillary technologies which go around that, um, floating wind absolutely has to be, is, is, is a key, key area for us as, as well. And that’s sort of how do you integrate new, new turbine solutions with new. New platforms and what are the challenges there?

Um, but a big, big focus, um, in the UK and, and a big sort of strength that the UK is in that operations and maintenance space utilizing the data that we’re generating. And, and, and that’s something that, you [00:17:00] know, in the uk if you look at our supply chain, that’s a huge part of our USP. That’s the part that we can export.

That’s the part that we have a knowledge to share with, with the rest of, um, rest of the world. Going back to the UK offshore wind supply chain Spotlight 25. So that’s gonna be in the beginning of December this year in Edinburgh. How many companies are gonna be there from the uk? Off the top of my head, I don’t quite know.

And it’s usually, uh, somewhere between about, um, 80 company, 80 to a hundred companies exhibiting. Um, so those are companies who we have supported through one of our support mechanisms. Oh, man. I mean, Alan, think about that. Here in the United States, if we were to put this event on tomorrow. How many companies would you have show up that are innovative, that are doing some technology, that are doing something to support the supply chain?

I mean, of course, besides, like, we have a lot of ISPs and people out here doing the, the boots on the ground work. But I mean, I, I think you can count ’em on your hands, your fingers and toes. I think we’ve got 80 or a hundred that we can even put in an event. Yeah. Well, I’ll tell you honestly, one of the things that I [00:18:00] have, I found quite, um.

Inspiring. Right. When I, when I came into the, the Wind industries, I was like, I’m, I’m a relative newbie, right. You know, Magnus has been with the Catapult for six years. I’ve only been with the Catapult for a year. Um, and so it, my, I’m, I’m quite fresh faced, you know, I, I get quite excited about various, you know, opportunities in the wind space, but I was super inspired to see how many companies are pivoting from using expertise from that they’ve used in other offshore industries.

Right. And they are bringing it to. To offshore wind and the applicability of it, because it feels like one of the big issues I had coming away from oil and gas and coming into offshore wind is I felt like when I was in my oil and gas services company, we didn’t talk about the things that we could provide at the offshore wind industry from a services point of view.

And I honestly was absolutely like when I arrived and was like, hang on a second, there’s so many places that you can apply that expertise and that knowledge. [00:19:00] So many, and that is why the UK is doing really well, right? And it’s one of the really inspiring things that we are doing is we are going, Hey, you’ve got all of this experience and knowledge for operating for offshore in the North Sea.

How about, how about just, you know, you can use it for, for offshore wind and we can benefit that industry from it. That’s not, that’s not just the uk. The US has that too. It’s not just oil and gas, right? It’s automotive. It’s aerospace. Like it, there is, there’s a lot of expertise across the UK and the number of companies that we see, so.

Their, the light bulb moment that their technology could apply to offshore wind. And they ha you have a conversation with them and they go, oh, that’s great. We could provide that. And it’s, and it opens up a new door to them. Um, and that, that’s really, um, I suppose if I could put a core, core part of what we do, it’s, it’s, it’s providing that expertise.

It’s, it’s, it’s, it’s providing the, the knowledge and the knowhow about the [00:20:00] industry to these companies. And, um, yeah, spotlight is part of giving them that. That and that opportunity to scream about what they can do. There are so many great companies in the UK and I think they miss the opportunity to be in renewables that the expertise like Megan’s, like you were talking about, they have expertise.

They’re extremely bright engineers and scientists and technology people, and even on the accounting side and the project management, there are so many experts in that field that are sitting in the UK that never thought about. If I can get an offshore wind that expands my business, I grow into this new marketplace, it gives me a little more of economic security.

That’s huge. And now is the time to get into a, a spotlight or to just even to wander the floor to see what it’s about. And I think this is an easy opportunity because to go to the spotlight 2025, it’s relatively inexpensive. You’re gonna Edinburgh, it’s not hard to get to. It is a massive opportunity to [00:21:00] look around and just kind of feel out what is there for you.

Absolutely right. So it’s, it’s a very, very, uh, relatively low cost, um, uh, e event to attend. Um, the companies who are there, we, we support to be there. So, um, we provide them with the ex exhibition space. Um, and, and they, they, they get to showcase their technologies as, as, as well. And, um, learn. Learn from one another, right?

So they’re not just trying to speak to project developers and, and to, to government or, or, or even to us. They’re there to speak to one another and figure out how can we collaborate more together? We have complimentary technologies. Um, you know, how do we fit, how do we, how do we, how do we put that jigsaws together?

And that’s, that’s, that’s, that’s a real key, um, thing there as well. And, and that’s the thing is that when we talk to, uh, UK companies, we’ve had a number on the podcast that have tremendous products. Absolutely tremendous products. They don’t realize. Maybe next door, [00:22:00] just up the road as another company is doing a complimentary piece and connecting those together I think is key.

Even though the UK relatively is a small country, some, some in some ways is very kind of hard to get around and it’s hard to figure out where all these places are because a lot of these small, innovative companies are not necessarily, don’t have flashy names or great. Big websites or don’t spend a hundred thousand pounds on a booth somewhere, so it’s hard to find them.

But in, in these kind of events, these, these more dedicated, focused events on technology and growth, particularly in the uk and these spotlights are fantastic of connecting companies together. This is the, this is your opportunity because a lot of other conferences are so much more expensive. They’re further away.

They’re probably in Germany or in Denmark or in Spain. This is the one, this is the one to see what is really happening at the Ground Street level in the uk. And we need to get people to sign up because one of the things it’s gonna happen is [00:23:00] that you’re gonna run outta tickets for this, even though it’s in December.

It’s gonna get busy as soon as everybody realizes, like, yeah, I, I need to get over there. So this event is in Edinburg, it’s UK Offshore Wind Supply Chain Spotlight 2025. It’s in Edinburgh on December 11th at the Royal Highland Center. Which, from what I can tell, looks like a beautiful facility. Is there anything else I should know before I get ready to come to that event?

I mean, it’s right, be right beside the, the, the Edinburgh airport. So it’s super, super, super easy. Um, I think for me the, the, the kind of, the big plea would be from a, an international audience, from the audience, um, uh, is, uh, across, across the US is that there is innovative companie. In the uk who could maybe compliment your technology, right?

So we’ve talked about the, the uk, UK to UK company collaboration and, and action. There’s, this is a global challenge, right? There’s, this is a global market. Um, we need more collaboration between, between countries, more opportunities for [00:24:00] collaboration. So if, if you have, um. Uh, audience members who want to learn more about the UK and, and are developing a technology or they have a solution or a service and they’re thinking, you know, we could be doing this, but there’s a uk, there might be a UK company there, there, there probably, there probably isn’t.

There’ll probably be a spotlight as well. And Emily, you’re promising good weather in December in Edinburgh, right? Obviously there won’t be any rain. Nice and warm, sunny, balmy, almost. Yes. I think balmy is exactly the words that I would describe Edinburgh in December. It’s charming and wonderful, and you’ll get the proper Scottish, uh, gravitas that comes with the, the, the grayness and the rain.

I mean, it wouldn’t be right without that experience, so you, you need to google this event to sign up. That’s the easiest way I found it. It’d just go UK offshore wind supply chain spotlight 2025 and you’ll see it. You can click in and register. It’s inexpensive. It’s in December. You know you want to go, you wanna be in [00:25:00] Edburg in December.

It’s beautiful. So Emily and Magnus, thank you so much for being on the podcast. Love having you, and looking forward to the event. Thank you so much. It’s been a pleasure. Thank you very much.

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