SME Diversification and Carbon Reduction

Today, we're excited to host Alex Leddy, the Commercial Director for Sustainability at Intervention Rentals. Alex's role places him at the heart of his company’s shift from traditional oil and gas operations to a more sustainable future. His insights on this journey are invaluable for anyone considering a similar path.

About Intervention Rentals

Intervention Rentals, established nearly two decades ago, initially focused on supplying drilling and well services equipment. Based in northeast Scotland, with additional operations in London, Saudi Arabia, and the UAE, the company has evolved significantly. Alex Leddy explains that the firm began by providing flow iron for drilling companies and has since diversified into various drilling-related services, including pump spreads, metering, monitoring, and pressure equipment.

Embracing the Energy Transition

Intervention Rentals has been actively involved in the decommissioning, plugging, and abandonment sectors, contributing to a reduction in the carbon footprint associated with oil and gas. The company’s commitment to sustainability is evident in their recent initiatives, such as an iron management service designed to minimize road haulage and logistics, thus reducing carbon emissions.

Alex emphasizes that transitioning to lower carbon technologies isn’t just about market expansion—it's about ethical responsibility. The company is now focused on achieving accreditation for Scope 1, 2, and 3 greenhouse gas emissions, aligning their operations with global sustainability standards. This effort underscores their dedication to not only meeting but exceeding industry expectations for carbon neutrality.

Practical Steps and Advice

Alex offers practical advice for businesses embarking on their own sustainability journeys. He stresses the importance of taking incremental steps and utilizing available resources. Scottish Enterprise, for instance, provided invaluable tools and support, including free calculators and access to consultants. Alex also highlights the benefits of engaging with third-party verifiers to ensure that sustainability plans are robust and credible.

Involvement in Green Hydrogen

Beyond conventional measures, Intervention Rentals is exploring innovative green technologies, such as green hydrogen. Alex discusses their collaboration with Robert Gordon University (RGU) and American firms to integrate thermal harvesting technology with various renewable energy systems. This initiative aims to develop green electricity from thermal energy, showcasing the company's commitment to cutting-edge sustainable solutions.

The Broader Impact of Transitioning

The transition from oil and gas to renewables is not just a business necessity but a response to broader societal and environmental pressures. Alex reflects on his personal journey from a career in hydrocarbon extraction to one focused on green technology. He emphasizes the importance of leadership that combines passion for the cause with compassion for the people involved.

Addressing Skills Gaps and Industry Challenges

One of the pressing challenges highlighted by Alex is the skills gap in the energy sector. The transition to renewable energy requires a workforce equipped with new skills, but there are significant barriers, including outdated qualifications and a shortage of experienced personnel. Alex advocates for a proactive approach to workforce development and emphasizes the need for a robust support structure to facilitate this transition.

Looking Ahead

In closing, Alex poses a question to future podcast guests: What can Aberdeen, with its ambitious energy transition plans, learn from other major energy hubs like Houston, Stavanger, and Perth? This inquiry reflects a desire to accelerate Aberdeen’s progress and ensure its continued leadership in the energy sector.

Conclusion

Thank you to Alex Leddy for sharing his insights on the energy transition and the exciting work being done at Intervention Rentals. His perspective on integrating sustainability into business operations and exploring innovative green technologies offers valuable lessons for companies navigating their own transitions.