Green tech start-up takes tenancy at The James Hutton Institute

Fast-growing green hydrogen technology start-up sHYp has moved into offices and laboratory space at The James Hutton Institute in Aberdeen with plans to expand to five staff on site by summer.

The move gives sHYp access to the institute’s specialist analytical equipment and expertise. This will help it to develop what could be the first electrolyser able to produce hydrogen from sea water, without the need for desalination, which traditional electrolysis techniques need.

sHYp says its technology, which splits seawater into hydrogen and oxygen using renewable electricity, would also be able to extract by-products such as carbon dioxide and magnesium hydroxide, used in building and pharmaceuticals.

This means it could add valuable income streams and reduce the price to customers of its green hydrogen. The technology could then help any power users close to or at sea, such as ports and offshore vessels and facilities, to harness any surplus offshore renewable energy they produce by turning it into hydrogen.

Professor Deborah Roberts, Deputy Chief Executive and Director of Science at The James Hutton Institute, says:

“We are excited to welcome sHYp to our Craigiebuckler campus. We believe that having leading-edge companies like sHYP co-locate with us, sharing our facilities and social spaces, will benefit both us and them and, ultimately, help to stimulate innovation for the benefit of Aberdeen and our wider society as a whole.”

Award-winning, independent financial advisory firm, Phil Anderson Financial Services has reported that 2022 was a record year for the firm, achieving a turnover of £1.63million, a 22% increase from 2021 and their best financial performance since launching in 2010.

Commenting on the latest company accounts, Managing Director, Phil Anderson said: “The last year has been great for our business. We recently opened a new office in Wick and that has accelerated our growth plans. We have seen an increased demand for pension advice and retirement planning over the last year and I think part of that is due to people worrying about money and the cost-of-living crisis. We have a fantastic team in place to deal with both new enquiries and our existing clients. We have big plans in place for the rest of the year and it is an exciting time for the business.”