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Month: August 2022

Latest Developments in the UK’s Energy Transition

Posted on by Georgie Knight

The UK Government continues to support the UK’s growing hydrogen market, stating that hydrogen will play a vital role in delivering the UK’s commitment to reach net zero by 2050.

The UK is aiming to develop up to 10GW of low carbon hydrogen generation by 2030, with the intention that at least half of this will be from electrolytic hydrogen, drawing on the scale-up of UK offshore wind, other renewables, and new nuclear.

Here are latest developments in the UK hydrogen space:

  1. The Department for Business, Energy and Industrial Strategy (“BEIS”) has launched the join Hydrogen Business Model (“HBM”) and Net Zero Hydrogen Fund (“NZHF”) allocation round to support electrolytic hydrogen in the UK. Projects can apply for HBM revenue support or they can apply for join HBM revenue support and Capital Expenditure (“CAPEX”) support through the NZHF.
  2. Hydrogen transport and storage projects operational before 2025 will have access to revenue support from a £100m pot funded by the taxpayer.
  3. The NZHF’s £240m of funding is available until 2025, and a proportion of this will be delivered to projects also seeking HBM support via the 2022 HBM/ NZHF electrolytic allocation round.

We see this as a positive step in supporting the revenue stack for hydrogen projects and also providing cornerstone funding that help move these project forward through their development life cycle.

Watch our discussion around the UK’s move toward a hydrogen economy, alongside Scotia Gas Networks (SGN), B9 Energy and Macquarie below:

For more information, please contact Terence Amako, Director (Head of New Energies) – Centrus

Interview with David Gregg, Head of Corporate Finance at Yorkshire Water

Posted on by Georgie Knight

Earlier this year, Centrus advised Yorkshire Water on a £95m Holdco Facility and £170m Debt Service Reserve Guarantee. 

David Gregg, Head of Corporate Finance at Yorkshire Water, discussed these transactions in further detail, sharing his experience working with the Centrus team over a number of years.

To read about the transactions mentioned in further detail, click here.

For more information, please contact Geoff Knight, Managing Director – Centrus

Centrus proud to sponsor #TourDeLunsar 2022

Posted on by Georgie Knight

Once again, Centrus are proud to have sponsored the #TourDeLunsar 2022, Sierra Leone’s largest cycling race, promoting an exciting future for professional cycling in West Africa.
 
It is a pleasure to support the incredible Lunsar team as they continue to grow youth confidence and achievement through cycling in Sierra Leone.
 
To find out more about The Tour De Lunsar, click here.

Photo taken by Matt Grayson

For more information, please email george.roffey@centrusadvisors.com

David Craig joins Centrus Infrastructure Team as Director

Posted on by Georgie Knight

Centrus is pleased to welcome David Craig into the Infrastructure Team as a Director.

With over 20 years of energy, utilities and infrastructure experience sitting across all sides of the transaction table as advisor, lender and principal sponsor, David has worked for leading firms both in the UK (pwc and Lloyds Banking Group) and most recently in Sydney for KPMG and Pacific Partnerships, the investment arm of the CIMIC Group, Australia’s largest infrastructure contractor.

Passionate about sustainability and the circular economy, David has been involved on a number of key renewable energy technology projects including onshore and offshore wind, solar PV, batteries, bioenergy and EfW as well as conventional generation and networks.

David’s experience of infrastructure has been focused on procurement, funding and delivery of complex large-scale projects often using innovative capital structures to ensure value for money outcomes.

Centrus provides corporate finance advisory services to public and private companies in the UK and Europe such as Yorkshire Water, UK Power Networks, EDP Naturgas Energia, Mutual Energy, Nortegas, NationalGrid, Thames Water, Electricity North West, Northern and Red Funnel. We also have strong working relationships with financial sponsors such as JP Morgan, Infracapital, FSI, DWS.

Centrus has supported clients across a range of infrastructure advisory mandates including strategic advice across capital structuring, whole business securitisation, credit ratings, restructuring and re-packaging of complex derivatives amongst other specialist subjects, and have now expanded its merger and acquisitions execution capabilities.

NET Working – Hybrid Working at Centrus

Posted on by Georgie Knight

The rise of hybrid working

Flexibility is currently the key word in the recruitment and operating model world.

Many different arrangements for the working week are in place, often changed to suit unique leadership, team and personal preferences.

There is no single solution or right answer but there is also too much challenging uncertainty…

Fully remote, fully returned, fully flexible, fully hybrid?

Tuesday, Wednesdays and Thursdays (awkward acronym)?

How long for?

How will I be measured?

What is expected of a new joiner?

On a practical working and living level this uncertainty about the expectations of your role is unnerving. It impacts your decision making at many stages of your life and your career.

At Centrus there is no day that we are not grateful to work in roles that can be done from different locations. Employer and Employee earned the mutual trust to do this to a high standard during the pandemic, but we swiftly recognised that clarity on the working model as well as backing it up with committed policy and expectations was a very important next step.

What is NETworking?

Everyone is in a different situation and motivated by different factors. To respect this, through team input, feedback and trial we established Centrus NETworking:

Needs – Client, Group, Team, Role and Personal

Environment – different types of work suits different working environments

Transparency – Over communicate on where you are and where you will be

If you ever want to talk on our lessons learned or any other internal operational processes at Centrus please do get in touch with George Roffey, Chief Sustainability and People Officer at Centrus.