NOF Energy diversifies into tidal, wave sectors

NOF Energy, a UK-based business development organisation, has expanded its services to new energy sectors including tidal and wave.

The organisation, traditionally focused on upstream markets, has diversified into a range of new sectors and will be providing support to companies operating in, or aiming to enter, markets such as midstream, downstream oil and gas, power generation and wave and tidal, NOF Energy informed.

NOF Energy is expanding its existing network of more than 7,000 companies by entering into strategic partnerships with multinationals and coordinating its efforts with other trade bodies such as the British Water Trade Association.

George Rafferty, Chief Executive of NOF Energy, said: “By expanding our service we will be able ensure that our members are exposed to new opportunities in sectors they may not yet be operating in. The downturn in the oil and gas market provides an example of just how important it is to spread risk by serving a diverse customer base, which helps to minimise the consequences of cyclical fluctuations in activity.”

Other sectors that will be covered by NOF Energy services include shale, nuclear and petrochemicals.