Global Underwater Hub (GUH) and Subsea Innovation Cluster Australia (SICA) have signed a memorandum of understanding (MoU) to work together to grow the subsea sector in both hemispheres…
Global Underwater Hub (GUH) and Subsea Innovation Cluster Australia (SICA) have signed a memorandum of understanding (MoU) to work together to grow the subsea sector in both hemispheres.
GUH, the trade and development body which represents the UK’s $11.9 billion underwater industry has joined forces with SICA – a membership organization of companies in the Australian subsea industry – to foster innovation, collaboration and growth among companies and organizations in the subsea sector in the UK and Australia.
Under the agreement, the organizations will actively promote opportunities for their subsea supply chains in both countries and support each other’s members in entering their respective markets.
They will also share market intelligence and learnings around diversification strategies particularly in energy transition and defense, including the security and protection of critical underwater infrastructure.
Facilitating collaboration will be a priority with the establishment of partnership innovation programs between UK and Australian firms to develop and implement technology suitable for both regions.
Specifically, GUH will work to help UK companies capitalize on significant opportunities in Australia from oil and gas to decommissioning, carbon capture and storage (CCS) and offshore wind.
“Australia has a broad conventional energy mix with strong ambitions towards net zero, powered by
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