Aurora Energy aims for £100m turnover with expansion into renewables and oil & gas

Aurora Energy aims for £100m turnover with expansion into renewables and oil & gas

Pictured (L-R): Carolina Orden, business development director, R&M; Alan Bailey, managing director R&M; Doug Duguid CEO I7V Renewables; Andy Johnston, special access systems director; Alan McLean R&M commercial director.

Aberdeen-based Aurora Energy Services has initiated its operations with the acquisition of R&M Engineering and Inverness Access Training Services (IATS), for an undisclosed sum, marking its entry into the international energy sector.

With a goal of creating a £100 million turnover international energy services provider in five years, Aurora aims to expand into oil and gas, wind, solar, hydrogen, carbon capture and storage, pumped hydro, and waste-to-energy sectors. Aurora will develop three business streams, focusing on renewables services, training and accreditation, and design engineering, fabrication, and site installation.

Owned by energy sector serial entrepreneurs Doug Duguid and Michael Buchan through their I7V Renewables investment fund, capital has also been invested by Aurora’s senior management, including Alan McLean — who has been with R&M for over 30 years. They are joined by Alan Bailey, who has been appointed as the new managing director at R&M, and who previously worked alongside Mr Duguid and Mr Buchan at EnerMech for 12 years.



Mr Duguid, I7V Renewables CEO, said: “Aurora Energy Services is structuring its operational capability to deliver an integrated service to the renewables industry.

“It is clear from conversations with wind farm developers and Original Equipment Manufacturers (OEMs) that there is some frustration with having to manage the various interfaces between different contractors, and the increased costs and inefficiency that this causes.”

Mr Duguid added: “Aurora will be focused on providing localised support to our customers. By developing our own workforce, and working closely with our customers to optimise work planning and execution, we will ensure that our operations are streamlined, minimising both the cost of our services and our carbon footprint.

“We have listened closely to the needs of both our renewable and oil industry customers who want their contractors to focus on minimising emissions and extending the life extension of energy assets, component refurbishment, and in cases where the former is not practicable, recycling.

“We see tremendous value in transitioning Scotland’s energy base and workforce towards more renewable sources, and at the same time utilising the immense offshore knowledge and experience from Scotland’s oil and gas industry, and applying this to the new energy sources which will keep Scotland at the leading edge of energy production.”

Share icon
Share this article:

Related Articles