Projects
Projects: Projects for Investigator |
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| Reference Number | NIA_CAD0015 | |
| Title | HyNet – Capital Resources Project | |
| Status | Completed | |
| Energy Categories | Hydrogen and Fuel Cells(Hydrogen, Other infrastructure and systems R&D) 100%; | |
| Research Types | Applied Research and Development 100% | |
| Science and Technology Fields | ENGINEERING AND TECHNOLOGY (Mechanical, Aeronautical and Manufacturing Engineering) 100% | |
| UKERC Cross Cutting Characterisation | Not Cross-cutting 80%; Other (Energy technology information dissemination) 20%; |
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| Principal Investigator |
Project Contact No email address given Cadent Gas |
|
| Award Type | Network Innovation Allowance | |
| Funding Source | Ofgem | |
| Start Date | 01 February 2018 | |
| End Date | 01 June 2018 | |
| Duration | ENA months | |
| Total Grant Value | £80,000 | |
| Industrial Sectors | Energy | |
| Region | London | |
| Programme | Network Innovation Allowance | |
| Investigators | Principal Investigator | Project Contact , Cadent Gas (100.000%) |
| Industrial Collaborator | Project Contact , Cadent Gas (0.000%) |
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| Web Site | https://smarter.energynetworks.org/projects/NIA_CAD0015 |
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| Objectives | It is proposed to undertake a two phase project, the phases will occur sequentially: • Phase 1: Technical Workshop: A technical workshop will occur at the start of the project to ensure the project team understands all of the technical aspects of the NW Cluster project. • Phase 2: Techno-economic analysis: A detailed techno – economic study will be conducted in order to recommend a novel commercial strategy that supports the project. The following high-level tasks are proposed: • Task 1: What activities require capital resource and at what level (a) Activity – this will look at what activities require funding and what the specific parts of the value chain that are impacted. (b) Duration – This will consider whether the capex investments are a one-off or is there a need for ongoing policy support. (c) Counterfactual – this will identify the incremental costs • Task 2: Capital Resource requirements (a) Shareholders – what is the role of shareholders (b) What are the primary (and secondary) justifications for resourcing the project? This will look at the different options of how the project is categorised (i.e. – R&D, demonstration, trialling, GVA and export opportunities) (c) Phasing – How can an incremental approach be demonstrated. Timeline and phasing of the project is also investigated to show what will be needed and by when. • Task 3: Overarching economic and policy principles (a) Socialisation – What socialisation of costs should occur (b) Equalisation – What new commercial framework needs to be included and what are the levels of subsidy that needs to be paid. This will also look at State Aid issues, and ongoing cost/benefit associated with intervention. (c) Option Value – Can the project be configured in a way that could improve the value under different (potentially non-hydrogen) futures. • Task 4: What are the potential sources of capital and conditions (a) Potential sources can include RIIO, Industrial strategy/Clean Growth Strategy/Oil and Gas Climate Initiative. Other sources could include specific Government hydrogen/heating funds. • Task 5: Recommendation (a) All the above the elements are brought together to determine the recommendations for the project and suggest how a novel commercial framework can be implemented. The principle objective of this project is to recommend the novel commercial framework and potential sources of capital that can be used to support the North West Hydrogen cluster. | |
| Abstract | NULL | |
| Publications | (none) |
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| Final Report | (none) |
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| Added to Database | 02/12/22 | |
