Energi Coast adds to Executive Group
Energi Coast, North East England’s Renewables Group, has added Modus Seabed Intervention, one of the region’s leading subsea specialist companies to its Executive Group.
Taking Energi Coast’s Executive Group to 20, the addition of Modus – the first company to join the core group since the launch of the initiative - adds to North East England’s voice as it aims to realise its ambition to become a global hub for offshore renewable energy solutions.
Darlington-based Modus is an international subsea trenching and construction support contractor, operating in renewable energy, oil and gas and telecommunications markets.
Energi Coast was launched in October 2011, marking almost £400million of investment aimed at promoting the extensive expertise within the region and securing a portion of the £1billion global market.
The companies in Energi Coast currently employ around 6,000 people, which are forecast to grow by 30 percent as Round 3 offshore wind activities gather pace.
Energi Coast companies currently have a combined turnover of more than £200million in offshore wind. This figure is forecast to double as the offshore renewables market expands, which will have a significant impact on the region’s economy and supporting supply chain.
North East England is a key strategic location for the offshore renewables sector.
Modus operates with a supply chain which is almost 100% within North East England, including personnel from the region, manufacture and development of its remote operated vehicle (ROV) fleet on Tyneside and maintenance facilities on the banks of the Tees.
Energi Coast, which has been brought together by UK energy sector business support organisation NOF Energy, will promote the wide-ranging capabilities of the region’s integrated supply chain in servicing the offshore renewables market in the UK and internationally.
Jake Tompkins, Managing Director of Modus, said: “Energi Coast aims to take North East England’s offshore renewable energy capability and turn it into a major economic driver within the region. I truly believe that the region’s economic future can be significantly enhanced by the work of Energi Coast, which is why I wanted to get on board and add Modus’ voice to this important initiative.”
George Rafferty, Chief Executive of NOF Energy, said: “Modus is a growing company, operating significantly in the renewable energy market. Its subsea capability and strong North East England roots and supply chain are an ideal fit with Energi Coast’s ambitions and add strength to the Executive Group.”