EIC LIVE e-vent: Focussing on Multi-Sector Decommissioning
19 Jan 2021, GotoWebinar
Open to: All companies
About the event
Globally the cost of Upstream decommissioning is expected to be worth around USD$83 billion over the next 10 years. Whilst the UK market alone is predicted to see around USD$28 billion of decommissioning spend over the next decade which means the scope for the innovation is vast and profitable.
The global framework for the nuclear energy market and its facilities has faced radical changes over the past decade. There are currently around 81 nuclear facilities that are in the phase of decommissioning, with most projects located in the UK, Germany, Japan and the US. The dismantling of reactors is driven by a changing market environment, end of operational lifelines and pending political decisions.
The UK’s onshore wind market is set to open another window for supply chain opportunities through repowering its existing fleet, with over 8GW expected to retire in the next ten years. Due to the lower costs and larger turbine capacities, replacing existing components approaching the end of their lifespan will be a profitable investment whilst also helping to meet the net-zero target.
The industry’s offshore counterpart remains at an early stage, with large-scale commissioning to begin in Europe only towards the end of the 2020s and early 2030s. The sector is beginning to look at other markets for synergies to shape future strategies.
This multi-sector webinar will focus on the key energy markets of the decommissioning industry, highlighting specific new business opportunities in the oil & gas, nuclear and wind sectors. Whilst also drawing attention to cross-cutting themes between the industries that can provide essential synergy. Event DetailsDate: Tuesday 19 January 2021
Time: 10:00 - 12:00 (UK time)
Cost: EIC Members - FOC / Non-Members - £25.00
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