The Acorn co-venturers are pleased to confirm the appointment of Nic Braley to lead the Acorn Transport and Storage joint venture.
The role will strengthen collaboration of Acorn’s multi-disciplinary team and concentrate efforts towards advancing project development.
Nic Braley, who has more than 35 years’ experience in the global energy sector, began his career as a petroleum engineer in Aberdeen and has served in senior vice president, strategy and commercial, chief commercial and technical operator, and country leadership roles in the Middle East, Asia Pacific and Europe.
Most recently he was Senior Vice President of Non-Operated Ventures & North Sea Electrification at Harbour Energy, one of the Acorn partners.
Acorn is a joint venture between Storegga, Shell UK, Harbour Energy and North Sea Midstream Partners.
The Acorn Transport and Storage (T&S) system will enable timely and efficient decarbonisation of Scotland. It will provide tangible progress to the Scotland 2045 and UK 2050 Net Zero targets, opening up significant new value creating activity for Scotland and the rest of the UK.
Steve Murphy, Chief Commercial Officer, Storegga on behalf of Acorn said:
“Nic joins at an exciting time for Acorn – his extensive experience and track record in major projects around the world are valuable additions to our team. He will lead a number of key efforts in the structure and development of Acorn T&S, and the team working to realise the project as we respond to Track 2 of the UK Government’s cluster sequencing process.”
In 2021 the UK Government awarded the Scottish Cluster reserve status in the first track of its Cluster Sequencing competition. In July 2023, Acorn was recognised as one of two T&S systems best placed to meet the Track 2 criteria and support the delivery of the UK Government’s commitment to capture and store 20-30 million tonnes of CO2 by 2030.
Acorn has received match funding from the UK and Scottish Governments and has benefited from two rounds of Connecting Europe Facility (CEF) funding from the European Commission.