Modus joins Energi Coast (From The Northern Echo)
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Modus joins Energi Coast
8:00am Wednesday 8th February 2012 in North-East Business News
A CLUSTER group founded by 19 firms last year to put the North-East at the forefront of the offshore wind industry has added a 20th member.
Energi Coast yesterday said it has added Modus Seabed Intervention, to its Executive Group.
Darlington-based Modus is an international subsea trenching and construction support contractor, operating in renewable energy, oil and gas and telecommunications markets.
Energi Coast was launched in October 2011, aimed at securing a portion of the £1bn global offshore wind market.
The companies in Energi Coast, brought together by Durham City based energy sector business support organisation NOF Energy, currently employ around 6,000 people and have a combined turnover of more than £200m in offshore wind.
This figure is forecast to double as the offshore renewables market expands, which will have a significant impact on the region's economy and supporting supply chain.
Modus managing director Jake Tompkins said: "Energi Coast aims to take North East England's offshore renewable energy capability and turn it into a major economic driver within the region.
"I truly believe that the region's economic future can be significantly enhanced by the work of Energi Coast, which is why I wanted to get on board and add Modus' voice to this important initiative."
George Rafferty, Chief Executive of NOF Energy, said: "Modus is a growing company, operating significantly in the renewable energy market.
"Its subsea capability and strong North East England roots and supply chain are an ideal fit with Energi Coast's ambitions and add strength to the Executive Group."
