WINDENERGY

InCom Group expands into larger premises in Andover

Multinational composite kitting and engineering specialist InCom Group is to move its UK operation to larger premises in Andover to accommodate continued expansion.

The company will relocate from its current base in Crown Way, on the Walworth Industrial Estate, to a dedicated 28,499 sq ft facility at North Way on the nearby Walworth Business Park, Andover.

Lambert Smith Hampton (LSH) and Stratfords Commercial secured the new tenant on behalf of the landlord, M7 Real Estate. Avison Young acted for Incom.

InCom Group, established in 1997, specialises in the engineering, design and manufacture of composite kits for the wind blade industry. It has operations in Spain, Poland, the UK, China and India. The new premises will be used for production, warehousing and distribution, employing 40 staff.

Dan Rawlings, Senior Surveyor – Industrial at the south coast offices of LSH, said: “InCom Group is a world leader in its field and a superb example of the high calibre of business that thrives and grows in the area.”

Alex Lee, Business Development Manager of InCom UK says, ‘We are very excited about InCom’s expansion into the new premises and are pleased to commit our long-term future to Walworth Industrial Estate.’


CRYPTOCURRENCIES PROPELLED BY WIND ENERGY POWER

CRYPTOCURRENCIES PROPELLED BY WIND ENERGY POWER

It is undeniable that cryptocurrencies markets have experienced a rampant growth in the last few years. It is not surprising therefore that crypto mining has become an activity highly dependent on energy, which is required to carry out calculations needed to verify transactions.

Enel SpA, which is considered Europe’s largest utility, has recently engaged in negotiations to sell power mainly from wind, solar and other renewable energy plants to the well-known Swiss cryptocurrency company Envion AG. The discussions are part of a broader effort by Enel to evaluate the market for selling electricity to miners of bitcoin, etherium, ripple and other digital currencies, who are in great need of large amounts of energy to perform calculations needed to verify transactions.

According to a report by Bloomberg New Energy Finance, power demand for mining bitcoin went up to about 20.5 TWh/year by the end of 2017. The global industry’s power use already equals that of 3 million U.S. homes. As more bitcoins are created, the need for electricity increases.

That’s the reason what companies like Enel, are taking the lead to seek cryptocurrency miners that could become key customers to buy excess capacity from wind, solar and hydro-electric generating plants.

Enel is especially interested in understanding how the energy business can benefit from the blockchain technology, in an attempt to encourage cryptocurrency miners to move their facilities to places where electricity is cheap, building up new clusters that could result in mutual benefit.

Envion has raised $100 million though a month-long crowdfunding campaign to build a network of portable digital currency mining units designed to plug directly into wind farms, solar farms and other clean-energy installations. Envion says the technology will allow it to move operations to wherever energy is cheapest.

Envion is evaluating locations to start installing its systems and is in talks with power generators around the world, Laurent Martin, the company’s director of investor relations, said in an interview.

Envion’s business is not only attractive to our many investors, but also to utilities around the world.