Member News: Company of the Year (Under 50 Employees) Nomination for Verlume at Subsea Expo Awards

January 16, 2025
Member News: Company of the Year (Under 50 Employees) Nomination for Verlume at Subsea Expo Awards

Verlume, a world leader in subsea power systems, is a finalist in the Company of the Year (Under 50 Employees) category at the upcoming Global Underwater Hub Subsea Expo Awards.

The Aberdeen-headquartered business, currently employing 41 people, uses proprietary intelligent energy management technology to bring together intermittent and renewable power generation with energy storage, to create a full power delivery system with stabilised power output.

Recognising excellence in Verlume’s overall performance, the Company of the Year (Under 50 Employees) category also acknowledges the firm’s international business growth, competitive advantage through intelligent energy management, supply chain commitment, employee development, as well as having strong business policies that benefit the environment, economy and society.

The award ceremony, taking place on 19th February in Aberdeen, is a prestigious annual event that celebrates the achievements of companies and individuals that are leading the way in the UK’s £9.2 billion underwater industry.

Richard Knox, chief executive officer at Verlume, said: “Being named as a finalist in this category by the UK’s leading underwater industry trade body is a great honour. As a business, we are pushing boundaries to create world-first technologies and providing subsea power solutions for the energy industry in ways that have never been done before.

“This recognition is not just about our achievements but also the individual efforts of our outstanding team, our loyal customers and the invaluable support from our collaborators, investors, supply chain and friends.”

Neil Gordon, chief executive of Global Underwater Hub, added: “The shortlisted finalists in the 2025 Subsea Expo Awards illustrate how the underwater industry reaches all parts of the UK and the diversity of businesses that support it. Our awards dinner in February is an opportunity for industry to come together to acknowledge and celebrate the achievements of the individuals and businesses that are driving forward a sector that is helping deliver the energy transition.”

Eight awards will be presented at the black-tie event, to which over 550 guests are expected to attend.

Verlume will also be exhibiting at Global Underwater Hub’s Subsea Expo on Stand 73 from 18th – 20th February at P&J Live, Aberdeen.

Get in touch

AREG is the original energy transition organisation, working on behalf of members to empower the energy supply chain and champion its expertise. Please get in touch if you have any questions or would like to find out more about membership.

Contact Us
“

AREG has played an important role in the growth of Scotland’s renewable energy sector, engaging the supply chain and developing the European Offshore Wind Deployment Centre. However, we are only at the very beginning of the transition that AREG was established to both lead and support so there are still opportunities for companies to get into the constantly evolving renewables supply chain. We look forward to continuing our work together as renewables builds on its place as Scotland’s main source of power, and as we seek to deliver real change in the crucial areas of heat and transport.

Scottish Renewables
“

Aberdeen & Grampian Chamber of Commerce has worked closely with AREG since its formation. The recent progress in the developments of offshore wind projects by Equinor and Vattenfall are as a result of the work of the group over many years. The north-east is known as the oil and gas capital of Europe. At the Chamber, we believe the region must evolve its position to being recognised as the energy capital. Whilst hydrocarbons will continue to be essential in driving our economy for years to come, the generation of renewable resources will play an increasingly important role in providing cost-effective power, innovative development and economic growth.

Aberdeen & Grampian Chamber of Commerce
“

The enthusiasm and dedication of the early group that would become AREG was fundamental in us choosing to launch All-Energy in Aberdeen. The first tiny show was held in 2001, and AREG’s Chairman at the time, Jeremy Cresswell, played such an active role that I often describe him in terms such as All-Energy’s ‘midwife’. All-Energy is now the UK’s largest renewable and low carbon energy exhibition and conference in terms of number of attendees, space booked, and number of exhibiting companies. As AREG became firmly established, their presence and support for the event grew spectacularly over the years. We thank them most sincerely for their invaluable input.

All-Energy
“

Vattenfall has forged a strong working relationship with AREG through the development of the European Offshore Wind Deployment Centre. AREG has worked tirelessly on behalf of the North East and it can take enormous credit for the growth of sustainable energy in the region and the path it has cleared for the region to capture further investment.

Vattenfall
“

Aberdeen City and Shire is emerging as a key location for renewables by successfully transferring its world-class oil and gas expertise into the sector and AREG has done much to advance this through a broad range of initiatives. It has acted as a catalyst in driving further investment in the local economy by engaging with companies, Government, public bodies and existing projects and we have been pleased to support their efforts. Scottish Enterprise will continue to engage with AREG as we increase Scotland’s use of renewable energy.

Scottish Enterprise