Sheffield Chamber praise Siemens investment in Humber

25th March 2014

Commenting on the announcement from Siemens to build an offshore wind manufacturing facility on the Humber, Richard Wright, executive director of Sheffield Chamber of Commerce, said: -This major investment is good news for the Sheffield City Region because the decision to source and assemble the manufacturing facility in the UK should benefit our engineering supply chains.

-Sheffield based company ITM Power, for example, has a proven technology for storing energy through hydrogen and this development could be a big opportunity for them. -Renewable energy is always going to be a major part of the future economy and it needs to be a bigger proportion than it currently is. -There is still some debate about wind energy versus tidal energy. Wind is technically more advanced, but tidal is more reliable. Both areas need to be developed further to help meet the energy shortage the UK is facing. -Investing heavily in wind energy from the North Sea highlights two other big investment requirements - the need for a more effective distribution system and the need to store energy being generated. -Wind energy isn't always available when demand is high. Our requirements will always be patchy so storing the energy effectively will allow us to tap into that power when required. Renewable energy and the oil & gas sectors will be key topics at this year's Global Manufacturing Festival 2014 at the Advanced Manufacturing Research Centre with Boeing on June 25. The Global Manufacturing Festival is the biggest supply chain event for companies involved in special materials, metal forming and precision engineering in the UK. Free to attend and now in its fifth year, the event has a strong record of connecting SMEs with global OEMs based in the UK. Go to www.globalmanufacturingfestival.com for more information.

You might also be interested in

Business Still Sceptical On Employment Rights Bill

Tue 15th July 2025

Research by the BCC has found that businesses are worried about the speed with which the Employment Rights Bill is being put through Parliament and have serious concerns about it.

Fragile Growth as Business Confidence Struggles

Fri 11th July 2025

Responding to the latest GDP data, published by the ONS this morning, David Bharier, Head of Research at the BCC, said:

Devolution Plans must Deliver on Local Economic Growth

Fri 11th July 2025

After the English Devolution and Community Empowerment Bill was introduced to Parliament today, Jonny Haseldine, Head of Corporate Governance and Business Environment Policy at the British Chambers of Commerce said: