Business Developments & Projects
Liquid Wind raises €15.2M to develop green electrofuel for maritime industry
Swedish green electrofuel development company Liquid Wind has raised €15.2 million in Series B financing that will build its capabilities and develop projects for decarbonising the maritime industry. Liquid Wind said that the existing investors Uniper, Alfa Laval, Siemens Energy, Topsoe, Elyse and o
Another cable manufacturer wraps up test for 525 kV HVDC cable
South Korean cable manufacturer LS Cable & System has completed official certification for its 525 kV cross-linked polyethylene (XLPE) high-voltage direct current (HVDC) system. According to the company, the long-term reliability (pre-qualification) test of the HVDC submarine and underground cables
International wave energy project sets course for demonstration offshore Scotland
A pioneering collaboration between 14 international partners has been established to deliver a €19.6 million wave energy project which aims to be the stepping stone for the commercialization of this emerging clean energy industry worldwide.
VLCCs with world’s 1st high-manganese steel LNG fuel tanks named
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has held a naming ceremony for two dual-fuel very large crude oil carriers (VLCCs) equipped with liquefied natural gas (LNG) fuel tanks made of high manganese steel.
Samsung Heavy Industries delivers new LNG carrier to Minerva
Greek shipping company Minerva has taken delivery of the newbuild liquefied natural gas (LNG) carrier Minerva Amorgos. The delivery took place on 14 October at Samsung Heavy Industries in Geoje, South Korea. Minerva Amorgos is a 174,000 m3 LNG carrier which features WinGD XDF propulsion, Mark III Fl
PXGEO finalizes five-month gig in North Sea
Marine geophysical service provider PXGEO has completed a five-month ocean bottom node (OBN) project in the North Sea. “Operating in a high production simultaneous triple ROV mode, the project was successfully executed around subsea and surface infrastructure with industry-leading safety, environmen
Grimaldi clears €70 million loans for renewal of its eco-friendly fleet
Grimaldi Group has secured two loans, totaling €70 million, from the Intesa Sanpaolo bank for the purchase of two vessels belonging to the Grimaldi Green 5th Generation (GG5G) class.
World’s largest e-methanol facility gets €53 million boost
Danish renewables developer European Energy has received €53 million from the Danish Green Investment Fund (DGIF) for its upcoming Power-to-X (PtX) facility in Kassø, which will be the largest e-methanol facility in the world to date. The financing from the fund is part of the total investment in th
Tidal stream energy could achieve major cost reductions by 2035, report finds
Tidal stream energy could plummet below £80 (€90) per MWh by 2035 if current opportunity is realized, a new report by ORE Catapult predicts.
Equinor gearing up for two North Sea wells
Equinor has secured a permit from the country’s authorities to drill two wildcat wells in the Norwegian sector of the North Sea.
Repsol Sinopec elects new COO
Repsol Sinopec Resources UK has appointed a new chief operating officer, less than two months after the appointment of a new CEO.
Wavelength secures methanol fuel supply deal in China
Portugal-based energy and tech company Wavelength Technology Center has secured a contract for a methanol marine fuel supply system.
In focus: Green energy infrastructure blooming despite global economic and political woes
The countries pursuing net-zero goals are grappling with surging prices while also trying to find ways to keep on track with the green energy infrastructure projects.
Dutch newcomer steps on the ocean energy scene
Named Equinox Ocean Turbines, a new ocean energy company has been launched in the Netherlands with a clear goal of exploiting the vast potential of ocean currents by using its tidal energy technology designed for low-speed waters.