EVOL: Ceasefire or reload?

This week the market reacted to news of a ceasefire in the Middle East as the price of oil dropped over night, highlighting the difference between physical barrels and paper ones.

Host and Aberdeen features lead, Ryan Duff, north west correspondent Floyd March, and E-FWD editor Ed Reed discuss and the growing role of solar in the UK's energy mix while news reporter Mat Perry catches up with Black & Veatch.

Up first, Ed discusses the ceasefire and questions if it is what it first appeared to be, with no ships crossing the Strait of Hormuz. He highlights that even if shipping returns, the oil and gas market will have to come to terms with a new normality as it is highly unlikely that conditions will return to those experience before the war broke out earlier his year.

Next, Mat spoke with Rafael Frias, Black & Veatch managing director for EMEA, about the rapidly expanding UK battery storage sector, and what progress is being made on overcoming longstanding issues with the grid.

Finally, Floyd speaks about the government's approval of the massive Springwell solar farm. The 3,100 acre site is set to produce 800MW of electricity, but some locals have raised concern about the transformation of Lincolnshire's countryside. This news also came as over £80 million was invested in ITM Power's electrolyser facility in Yorkshire as the firm gears up to deliver on orders made by Hydrogen Allocation Round winners. This move stands to create 250 jobs in the region.