UK’s clean energy milestone
One trillion kWh - and counting… laying the foundations for the UK’s next clean energy milestone
Published November 2023
2023 has seen the UK hit a renewables generation record, with one trillion kilowatt-hours (kWh) of electricity generated from renewable energy sources.
As the energy sector looks towards its next big milestones, technologies in areas such as Operation & Maintenance (O&M) and Enterprise Asset Management (EAM) will have a key role to play.
Records in renewables continue to be broken…
Earlier this year, the UK passed one trillion kilowatt hours of energy generated from renewables.
This milestone has been more than five decades in the making. National Grid’s analysis of this dates back to 1970, when renewables represented 1.9% of total generation, with hydro as the main source at the time. Offshore and onshore wind and solar entered the energy mix in 2010.
Industry data shows that this latest milestone is just one of a number of key moments for renewables over the last couple of years:
- In 2020, renewables outstripped fossil fuels for electricity generation over the course of that year for the first time in UK history.
- In 2022, electricity generation from renewable technologies increased to 5% from 39.6% a year earlier, beating the previous record high of 2020.
- In February, May, October and December of 2022, zero-carbon power accounted for over 50% of Britain’s electricity mix. In 2010, it was less than 20%.
- Wind generation in 2022 hit a record high share of 26.8% of total electricity generation.
Next steps - and the challenges that must be addressed
The UK’s first trillion kilowatt hours of electricity took more than fifty years to generate. However, providing that the latest projections stay on track, the second trillion will take just five years. The government’s wider aim is to generate at least 70% of the country’s energy from renewables by 2030.
But of course, none of this will happen organically. For ambitious targets to be met – and for green power generation records to continue to be toppled – it’s going to demand further significant action on the part of all stakeholders.
For producers across the electricity sector, the emphasis needs to be on system optimisation. This includes deploying the right technologies to better manage supply chain pressures and minimise costs. Areas of special focus include the following:
Meeting the scale-up challenge
Policymakers refer to the Balanced Net-Zero (BNZ) Pathway: i.e. a rapid switch from fossil fuels coupled with a lower overall energy demand, with the central aim of achieving net-zero emissions by 2050.
For this to happen, new installations will need to be added to the mix, and elements within the existing renewables value chain will need to scale up production significantly. As a couple of illustrations, McKinsey highlights that for the UK’s BNZ scenario to come into fruition, offshore wind will need to be delivered at 3.0 GW of capacity each year (twice the historic rate). Likewise, solar installations will need to deliver a 30-fold increase in output, to 4.7 GW per-year.
For power generation companies to get the most out of existing assets, certain capabilities are a must. This includes the ability to track real-time asset performance, and to identify minor problems before they translate into downtime.
Designed to meet the needs of the power generation sector, IFS Enterprise Asset Management (EAM) software delivers precisely what enterprises need to maximise production, and make better-informed decisions about how and when assets should be replaced, refurbished or renewed. The aim here is a clear one: extracting maximum value and capacity from your entire asset stack, to help ensure that targets are met.
Tackling supply chain and labour issues
As with all other industries, it is impossible for the electricity generation sector to avoid the knock-on effects of supply chain disruption. Some of the key recent challenges highlighted by Deloitte include limited availability of raw materials coupled with longer lead time for components, supplier-driven cyber risks, and a global shortage of chipsets for components such as solar panels and wind turbines.
The shortage of skilled workers is a further factor that could jeopardise the chances of transition targets staying on track. PwC analysis suggests that in the UK alone, a fresh pipeline of approximately 200,000 people will need training for green energy jobs between now and 2030.
Shortfalls can be addressed in part by reskilling and upskilling workers who will be displaced from areas such as oil & gas, while also widening and diversifying the recruitment pool.
At the same time, businesses will need to think smart when it comes to making the most out of existing workforces. This should include the adoption of technologies such as intelligent workforce optimisation, which makes it easier to balance competing workforce priorities and instigate more efficient task scheduling. Likewise, advanced workforce planning and demand forecasting software should make it easier for businesses to predict when and where workforce gaps are likely to arise – and to plan accordingly.
Futureproofing your technology stack
Visibility across all power generation assets, the ability to drill into operational data and identify areas for improvement, the ability to drive efficiency and bring down costs: these are precisely the type of capabilities power generation companies will need to develop if future targets are going to be met.
A leader in the fields of ERP (Enterprise Resource Planning), EAM (Enterprise Asset Management) and Service Management, IFS is the go-to solution for companies across the energy sector. As a premier IFS Managed Service Provider, Millennium Consulting is ideally placed to help you build the capabilities required to keep targets on track. For further information, please contact Philip Keet, IFS Director.
Financials Focus: Your Journey to Unit4 Cloud - recording
Millennium Consulting Webinar Series
Financials Focus: Your Journey to Unit4 Cloud
Recording from Thursday 23rd November 2023
During the event, Chris Peall, Director of Professional Services shared the benefits of upgrading to Unit4 Cloud and provided insights into the process.
Whether you are ready to begin your journey or if you have any concerns, this webinar will provide valuable insights and clarify the entire process.
If you are considering migrating to the Cloud, talk to one of our experts today.
Chris Peall
Director of Professional Services at Millennium Consulting
Chris Peall oversees all projects & services and is the Product Owner of all Millennium IP.
Chris has over 20 years working across the industry in the Data Science, Business Analytics, Architecture and Project Management spaces. He ensures that you will have access to the most relevant and experienced members of the team to suit your needs, and that results are delivered in an expedient and professional manner.
IFS Online Discussion Forum recording Nov 2023
IFS Online Discussion Forum
Thursday 16th November 2023
Watch the recording below
Discussion topics included:
- Digital transformation strategy
- The role of the Program Sponsor
- Program team composition: Internal/external
- Central versus local systems architecture
- The critical importance of change management/user adoption
- Cloud options
- Data migration/management
- Testing
- User training
About Millennium Consulting
Millennium Consulting is a twenty eight year old ERP and Finance Transformation Consultancy that works with the world’s leading organisations on digital transformation programs. As direct partners with IFS, we help clients decide on a solution that meets their particular needs. Our client’s interests are our priority and by working closely with key stake holders we are able to define and deliver the most appropriate technology strategy.
Did you know...
We are an Authorised IFS Channel & Services Partner
As direct partners with IFS, we help clients decide on a solution that meets their particular needs. Our client’s interests are our priority and by working closely with key stake holders we are able to define and deliver the most appropriate technology strategy.
Millennium adopts three elephants from Sheldrick Wildlife Trust in Kenya
November 2023
Millennium adopts three elephants from Sheldrick Wildlife Trust in Kenya
Talek, Kitiak and Mushuru
The Sheldrick Wildlife Trust (SWT) is well-known for its successful orphan elephant rescue and rehabilitation program, which is considered to be the most successful in the world.
Elephants are an endangered species on account of man’s need for land and the constant poaching threat. In response, Millennium is supporting the work performed by SWT and has adopted three elephants – Talek, Kitiak and Mushuru – who receive specialised care and nutrition that enables them to grow and thrive.
"As someone born in Kenya who spent their formative years there, I hold a deep affinity for the country, its warm-hearted people and its awe-inspiring wildlife. I am wholeheartedly dedicated to extending my support and promoting the wellbeing of Kenya and encouraging financial assistance whenever the opportunity arises."
— Phil Keet, Chief Executive Officer at Millennium Consulting
Discover more about the Sheldrick Wildlife Trust (SWT).
Latest News
A memorable visit to Buckingham Palace
October 2023
A memorable visit to Buckingham Palace
On the 24th of October, Millennium's CEO and the Patron of Raising Futures Kenya, Phil Keet, was invited to Buckingham Palace to celebrate Kenya's 60 years of independence.
We are delighted to share that Phil Keet, CEO of Millennium and the Patron of Raising Futures Kenya, was invited to join the RFK team at a Buckingham Palace reception hosted by King Charles and Queen Camilla. The event was held to commemorate Kenya’s 60 years of independence. The invitation is a great honour and allows us to represent and express our gratitude to all the supporters who have made this journey possible.
“It was a tremendous honour to meet the King and Queen, and the memory will remain for a long time. Thanks to everyone who has supported our fundraising efforts throughout the years and enabled us to help so many young people in Kenya.”
— Phil Keet, Chief Executive Officer at Millennium Consulting
For the past two decades, we have been devoted to the mission of Raising Futures Kenya (RFK). This organisation works tirelessly to provide young Kenyans with the resources necessary to lead fulfilling lives and support their families. We have hosted various fundraising events throughout this journey, including our annual golf day. We extend our heartfelt gratitude to our clients, sponsors, and dear friends for their unwavering support in raising essential funds for this worthy cause.
We are excited to announce that we have booked the 2024 Millennium Charity Golf Day, which will raise vital funds for Raising Futures Kenya.
Latest News
Unit4 Financials by Coda Support & Maintenance Policy - October 2023
October 2023
This news article provides information on the current support and maintenance policy of Unit4 Financials by Coda software.
On 17th October 2023, Unit4 announced to its customers that it had taken a strategic decision to provide only Software as a Service (SaaS) solutions going forward, and as such on-premise Unit4 ERP, Unit4 Financials by Coda, and Unit4 FP&A will be transitioned to the cloud-based versions of these solutions.
Effective from 31st December 2024, Unit4 will no longer provide support and maintenance for the on-premise versions of these solutions and with support and maintenance for V14 having ended in December 2022, Unit4 Financials by Coda Continuous Release is now the default release supported.
The following maintenance support applies with effect from 17th October 2023:
| Product | Current Release |
Released | Base Release Date | Maintenance Method |
Critical Bug Fix end |
| Unit4 Financials by Coda CR Saas | 2023Q3 | September 2023 | February 2020 | Continuous Release |
|
| XL for Finance/Procurement | 2023Q3 | September 2023 | February 2020 | Continuous Release |
|
| Unit4 Financials by Coda CR On-Premise | 2023Q3 | September 2023 | February 2020 | Continuous Release |
31st December 2024 |
| Unit4 Financials v14 | Release 19 | December 2022 | May 2017 | Incremental Release |
Reached – December 2022 |
| XL for Finance/Proc v14 | Release 19 | December 2022 | May 2017 | Incremental Release |
Reached – December 2022 |
| Unit4 Coda Financials v13 | SP23 | December 2014 | February 2011 | Service Pack | Reached – February 2021 |
| XL for Finance/Proc v13 | 13.002 | May 2016 | February 2011 | Fix Release | Reached – February 2021 |
| XL for Invoice Matching | 5.102 | December 2013 | January 2010 | Fix Release | Reached – February 2021 |
Notes:
Unit4 Business Software provides software change request support as shown below. The term “Unit4 Financials by Coda” means the Administration, Finance, Invoice Matching, Procurement, Billing and Assets products. The term “ancillary products” means products which are:
- released together with and have the same version number as Unit4 Financials by Coda.
- release independent but work with multiple versions of Unit4 Financials by Coda.
The Unit4 Financials by Coda support team is unable to provide additional information regarding the transition and request you contact your Unit4 Account Manager, Unit4 Customer Success Manager or cloudmigrations@unit4.com who will be able to provide specific tailored information for your business and the next steps.
Stay informed
All the latest Unit4 Financials by Coda news can be found on Unit4’s Community 4U.
As an Elite Unit4 Partner, Millennium Consulting can assist with this migration; read more about our Cloud migration solution here.
Support, maintain, enhance and enrich your Financials ecosystem with Millennium+, our tailored packages to suit your Unit4 Financials by Coda needs.
Unit4 Announces the Transition to Unit4 Cloud
17th October 2023
Unit4 Announces the Transition to Unit4 Cloud
Effective from December 31 2024
On the 17th of October 2023, Unit4 announced a strategic decision to provide only SaaS solutions going forward, with the transition of on-premises Unit4 ERP, Unit4 Financials by Coda, and Unit4 FP&A – to being fully Cloud-based solutions. With effect from December 31 2024, on-premises solutions will no longer be supported or maintained, and Unit4 will offer all customers a clear migration to the Unit4 SaaS.
Read the official announcement letter from Mike Ettling, CEO of Unit4, here.
If you are currently on Unit4 Cloud, then you have no change. Any on-premise customer must have signed a Unit4 SaaS agreement by 31/12/2024 to remain supported. There will be a period after this date to allow for the migration, and Unit4 will offer legacy support, for a limited time, to those customers who have signed by 31/12/2024.
“This is an exciting and important development, and we are already in discussion with Unit4 about how to best support and transition customers to the cloud. Millennium will support you on whatever journey your business decides on.”
— Jeremy Lucas, Chief Operating Officer at Millennium Consulting
As an Elite Unit4 Partner, Millennium Consulting can assist with this migration; read more about our Cloud migration solution here.
Support, maintain, enhance and enrich your Unit4 ecosystem with Millennium+, our tailored packages to suit your Unit4 needs.
Discover the latest Unit4 news
UK’s first grid-linked solar farm
The UK’s first grid-linked solar farm: Thinking big to tackle renewable bottlenecks…
The arrival earlier this year of the UK’s first grid-connected solar farm was an important milestone in the journey towards net-zero. Phil Keet of Millennium Consulting considers how fresh thinking, updates to network infrastructure and a smarter approach to asset management all have a part to play in ensuring ambitions stay on track.
September 2023
Renewables and the issue of connectivity
Two years ago, the government committed to decarbonising the UK power system by 2035. As the Department for Business, Energy & Industrial Strategy put it, “To ensure this ambition becomes a reality, the government will double down on efforts to deploy a new generation of home-grown technologies – from offshore wind, hydrogen and solar, to nuclear, onshore wind and carbon capture & storage”.
As ever, the devil is in the detail. Policymakers tend to be very keen to talk up their support for individual projects – e.g. those linked to solar and offshore wind – as well as disruptive technologies (advanced modular reactors and carbon capture being just two examples).
However, one important fact is often glossed over. Namely; no matter what disruptive technologies reach fruition in the next twelve years, no matter how many allocation auctions are undertaken and renewables projects get underway, the 2035 carbonisation goal is not going to be met unless renewables can be incorporated successfully into the existing National Grid.
The significance of the Larks Green solar project
The National Grid was designed a century ago at a time when coal was king. The idea is a simple one: you establish your baseline and ramp up or scale down output from your power plants as demand shifts. When similarly easily dispatchable power sources came along (i.e. oil, nuclear and gas), the same principle applied – and those sources were incorporated into the system pretty seamlessly.
Renewables – particularly wind and solar – are, of course, different. The rate of power generation tends to be both intermittent and inconsistent. The grid was meant to fix the problem of meeting demand – i.e. ensuring electricity was transmitted effectively and efficiently to where it was needed. It was never designed to handle a system in which fluctuations and intermittency in supply were the norm.
Owned and operated by Cero Generation and Enso Energy, the new 50 MW Larks Green solar farm near Bristol offers a possible template for tackling some of these issues in the near and medium term.
One of the key characteristics of this new facility is scale. The plant comprises 152,400 solar modules installed in a 200-acre plant close to the National Grid’s 400kV Iron Acton substation. According to the National Grid’s press release, “It will generate over 73,000MWh annually – enough to power the equivalent of over 17,300 homes – and will displace 20,500 tons of CO2 each year compared to traditional energy production.
Secondly, the solar farm is co-located with a battery energy storage system (BESS), meaning that surplus energy generated in conditions that enable peak power generation can be accumulated. This therefore helps to directly mitigate the issue of intermittent and fluctuating generation.
Thirdly – and for this first time for a UK solar project – Larks Green provides a direct connection to the National Grid transmission network. Up until its arrival, all utility-scale solar plants were only capable of being connected to lower voltage local distribution grids. This new development means that the output of a solar plant is no longer confined to a particular area: energy can travel further, meaning that solar plants can be situated in those locations where output will be optimised – but the whole country can reap the direct benefits.
Further work to be done
Large-scale power generation projects twinned with battery storage assets are likely to become an increasingly popular model in the renewable energy market.
However, they are not an instant and permanent fix to all the issues linked to the country’s legacy National Grid infrastructure. According to the BBC’s calculations, there are currently more than £200bn worth of renewable energy projects sitting in the connections queue: the longest queue of any country in Europe.
What this means for companies
For parties involved in renewables projects, the risks associated with grid-related deployment delays need to be considered carefully in the planning process.
This issue also highlights one of the main differences between renewables projects and legacy infrastructure. Grid operators and power producers alike are going to have to come to terms with a proliferation of multiple dispersed projects. The greater the number of individual assets in play, the more challenging it becomes for grid operators to maintain strategic oversight – and for asset owners to monitor and maintain those assets effectively.
So far as reducing deployment bottlenecks is concerned, The National Grid’s ‘Pathway to 2030’ investment package is a step in the right direction, although stakeholders across the industry will obviously be eager to see further action taken at a governmental level.
In the meantime however, producers should act now to ensure that as their asset portfolio is diversified, they have the enterprise asset management (EAM) capabilities in place to ensure that assets are monitored, maintained and used effectively throughout their lifecycle.
Faced with new challenges linked to, for example, demand forecasting, load balancing and the need to minimise costs, sector-specific expertise is a must. A leader in the fields of ERP (Enterprise Resource Planning), EAM (Enterprise Asset Management) and Service Management, IFS is the go-to solution for companies across the energy sector. Find out more here.
As a premier IFS Managed Service Provider, Millennium Consulting is ideally placed to help you build the technological capabilities required for a successful renewables transition. To discover how IFS can help ensure the success of your renewables projects, speak to us today.
NIS2 is on the horizon
Cyber
NIS2 is on the horizon
On October 17th 2024, NIS2 will replace and update the older NIS (Network and Information System) regulations. NIS regulations for the EU and UK improve cybersecurity and cyber resilience across critical systems and infrastructure.
The EU has refreshed and expanded the scope of NIS in NIS2. If you provide any of the following services in the EU or your business offers Infomation Technologies services or products to an organisation in scope, you will want to check your business is compliant.
*The UK is still reviewing its own NIS regulation.
Sectors covered by the NIS Directive
Transport
Banking
Financial markets
Drinking water
Digital infrastructure
Energy
Health sector
Understanding NIS2
NIS2 is a set of regulations designed to enhance the cybersecurity of critical infrastructure and digital services across the European Union. Building upon its predecessor, NIS, NIS2 emphasises risk management, cooperation between Member States, and protecting essential services against cyber threats.
The NIS2 directive matters for several reasons:
Cybersecurity is a growing concern:
With cyberattacks’ increasing frequency and sophistication, bolstering cybersecurity measures has become paramount.
Protection of critical infrastructure:
NIS2 aims to protect critical infrastructure such as energy, transport, healthcare, and financial services. A successful cyberattack on these sectors could have devastating consequences, making NIS2’s provisions essential.
Cross-border collaboration:
NIS2 encourages Member States to collaborate on cybersecurity matters. In an interconnected world, cyber threats know no borders, and cooperation is vital for effective defence.
Extended scope for the NIS2 Directive
Postal & courier services
Manufacture of certain critical products
Water waste management
Public administration
Manufacture, production and distribution of chemicals
Providers of public electronic communications networks or services
Digital services
Food production, processing and distribution
Research
Space
Digital service providers
The countdown begins
With the NIS2 deadline just one year away, now is the time to take action. Here are some steps you can consider:
Assess your compliance:
If your organisation operates within the EU and falls under the scope of NIS2, thoroughly assess your current cybersecurity measures. Identify gaps and areas that need improvement.
Seek expert guidance:
Consider engaging cybersecurity experts who can help you navigate the complexities of NIS2 compliance. They can provide valuable insights and recommendations tailored to your specific needs.
Develop a compliance strategy:
Create a roadmap for achieving NIS2 compliance within the given timeframe. This may involve policy updates, technology upgrades, and staff training.
Stay informed:
Stay updated on any changes or clarifications to NIS2 requirements. Regulations can evolve, so you must remain informed to adapt your compliance efforts accordingly, find here.
If you need any help regarding NIS2 compliance, Millennium Consulting offers Information security support, and if you are a Millennium+ customer, you can utilise your support time for this service.
Unit4 Financials 2023 Q3 Release
September 2023
Unit4 Financials by Coda 2023 Q3 was made available on 12th September 2023.
The new release contains all the previous Unit4 Financials functionality and new features. Plus, many additional customer requested fixes, highlighting the importance of logging enhancements via Unit4’s Community 4U.
Highlights of the 2023 Q3 release include:
Administration
- Webservice Index Page
- Generic Browse
- Internet Printing Security
Assets
- Year/Period Master
Finance
- Account Summary
- Company Master
Deprecated features
- 32-bit XL is deprecated. We recommend the use of 64-bit XL.
- The Message Board feature in Administration is deprecated. It will be removed in a future release.
General Fixes/Updates
- It is now possible to change a user’s password, when the user code contains a space.
- Attachments can now be viewed from the Generic Browse Content Provider.
- The private web service ‘clientauthenticate’ is no longer included in the public web service documentation.
- An issue has been resolved where the Generic Browse Master code could not be selected when configuring a new or modifying an existing Generic Browse on a menu content provider.
- An issue has been resolved where a session would sometimes consume licences for products which were not used.
- A serious error no longer occurs when maintaining Asset category masters with no ‘Category element value’ or ‘Cost centre value’.
- Forced Prompt(s) in the selector master for Link Table Maintenance now work correctly. This has been corrected for both Finance and Billing.
- It is now possible to include the ‘@’ character in External references in documents within Finance. This means an error will no longer be generated when posting documents from Billing or Invoice Matching that contain an ‘@’ character in a reference field.
- A warning message in Matching now appears if the capability setting of matching date outside the period range is set to warning.
- Documents posted using APIs, where the document currency values have more decimal places than the currency master are now posted correctly and can now be edited on the intray.
- Emails sent as part of the Pay/Collect process, where an email template master is not used, now includes the subject and text entered at run time by the user on all emails sent and not just the first email.
- On the IBM i platform the issue which restricted the ability to write to or retrieve data from the database repository has now been resolved, the repository objects (as used by attachments) are no longer corrupted.
- A rounding issue has been resolved when calculating the Home/Dual values, this issue occurred when using reversing tax and workflow to post books on approval.
- You can now enter configuration options in the Console without the com.coda prefix. This now enables IBAN verification to work correctly in the Dutch Local product NL Common.
- The WebSphere installation scripts have been updated to accurately implement the installation requirements. The previous WebSphere scripts could result in unpredictable behaviour and failures due to the configuration not satisfying Session Management requirements.
- A reflected cross-site scripting (XSS) vulnerability in the web user interface has been fixed.
- Cross-Site Scripting (XSS) vulnerability has been resolved when viewing attachments. HTML attachments are now downloaded rather than being displayed in a new browser tab.
- XML External Entity Injection (XXE) has been resolved. XML interpreter now cannot leak sensitive server side data back to the attacker from Request Body on /coda/finance/elementauthorisationrules/uploadrules page.
Further details on the new features, security updates and reported issues can be found in the release documentation on Unit4’s Community 4U.
- Unit4 Financials by Coda 2023 Q2 was made available on 13 June 2023, find here.
- Unit4 Financials by Coda 2023 Q1 was made available on 14 March 2023, find here.
Release dates for Cloud users
Unit4 Cloud customers are notified by Unit4 Cloud support when their pre-production and production systems will be updated. This information can also be found within the Cloud Services – Release Schedules area. View the 2023 Cloud Schedule here.
The Release Notes detailing the fixes and features within this release can be found in the Documentation area on Unit4’s Community 4U.
Upgrading Financials is not merely about accessing the new functionality that comes with a new software release. It is also about mitigating technology, operational, and business risk.