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Innovation

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Innovation

Norsepower gets financial boost from Finnish Climate Fund to scale up production

The Finnish Climate Fund, a state-owned special assignment firm, will provide a capital loan of up to €10 million euros to rotor sail manufacturer Norsepower for increasing its production capacity. The capital loan comes with a market-based interest rate determined according to the risks of the proj

about 3 years ago

Innovation

WinGD, CMB.TECH to develop large ammonia-fuelled engines for Bocimar’s bulker newbuilds

Swiss marine power company WinGD and Belgian shipping and cleantech group CMB.TECH have signed an agreement on the development of ammonia-fuelled two-stroke engines. The companies aim to install the ammonia dual-fuel X72DF engine on a series of ten x 210,000 DWT bulk carriers to be built at a Chines

about 3 years ago

Innovation

Oceanbird project goes full speed ahead with land-based testing, selection of retrofit vessel

Oceanbird, a project backed by Alfa Laval and Wallenius, is moving fast with the preparation for the installation of its first land-based Oceanbird Wing 560. The project developers are already ordering parts for the installation, following the award of €9 million worth of funding under the Horizon E

about 3 years ago

Researchers from Newcastle University and the University of Edinburgh discussing how to adapt the buoy for deployment in the North Sea (Courtesy of DER-IC)

Innovation

Newcastle University outlines plans for North Sea wave energy demo

Newcastle University has set sights on turning wave motion into a source of renewable energy with the latest project that will see the installation of a wave energy device prototype in the North Sea.

about 3 years ago

Illustration/Ingine’s wave energy demonstration plant in Jeju Island, South Korea (Courtesy of Ingine)

Innovation

Innovate UK funds wave energy scheme offshore Indonesia

Innovate UK has selected a consortium, led by Ingine Wave Energy Systems, to receive funding support for the development of wave energy project offshore Indonesia.

about 3 years ago

Innovation

CMA CGM launches €200 mln call for decarbonization projects

French container shipping major CMA CGM Group has invited start-ups and businesses working on concrete solutions to submit projects that aim to speed up the decarbonization of the French shipping industry. The company has committed a €200 million budget for the projects from its five-year $1.5 billi

about 3 years ago

Innovation

World’s 1st circular ship dismantling yard pushes ahead with the demonstration phase

Dutch startup Circular Maritime Technologies (CMT) has received a cheque for the €1.7 million grant from the Kansen voor West subsidy program, which is largely financed by the European Regional Development Fund. The company said that the financing would be used for the first steps of CMI’s test and

about 3 years ago

Scale model of OceanEnergy’s OE35 wave energy device (Courtesy of OceanEnergy)

Innovation

WEDUSEA wave energy project makes design and engineering progress

The partners in the €19.6 million WEDUSEA wave energy project have made significant progress in the engineering and design scope of development, building on learnings from previous wave energy initiatives.

about 3 years ago

Innovation

AURELIA, partners create a blueprint for green retrofitting of a Newcastlemax bulker

Dutch ship design company AURELIA, has joined forces with naval architecture designer NEPA SHIPPING, and ALOFT SYSTEMS, experts in sails and weather routing, on a green retrofitting project involving a 205,000 dwt bulk carrier. The project set out to demonstrate how a combination of innovative solut

about 3 years ago

Innovation

PIL turns to LR for fleet emission reduction

Singapore-based Pacific International Lines (PIL) has partnered with Lloyd’s Register’s fleet optimisation experts, i4 Insight, to help it reduce emissions and maximise fleet performance with a four-year fleet-wide agreement. PIL recently opened a ‘Centre for Maritime Efficiency (CME) which is power

about 3 years ago

Innovation

Alfa Laval launches biofuel-ready separators

Swedish Alfa Laval has developed separators and separator upgrades that are optimized for biofuels, which are seeing an increase in demand as shipowners seek solutions to decarbonize their operations. . The separators are compatible with hydrotreated vegetable oil (HVO) and fatty acid methyl ester (

about 3 years ago

Innovation

New study lists benefits of wave and tidal for Great Britain’s power system

Supergen ORE Hub and the University of Edinburgh’s Policy and Innovation Group have released a study that quantifies the potential power system benefits that the Great Britain stands to gain through wave energy and tidal stream deployments.

about 3 years ago

Innovation

Project Air receives €97 million grant from EU Innovation Fund

Perstorp, a wholly-owned subsidiary of PETRONAS Chemicals Group Berhad (PCG), Uniper, a Germany-based energy company, and the European Climate, Infrastructure, and Environment Executive Agency (CINEA) have signed an agreement granting €97 million in funds to Project Air from the Innovation Fund. The

about 3 years ago

Ursula von der Leyen, President of the European Commission

Innovation

In focus: Energy transition caught between cooperation and fragmentation

The world’s business and political leaders gathered this week for the World Economic Forum’s annual event in Davos to discuss global challenges and the way forward. The topic of the weeklong event is ‘Cooperation in a Fragmented World’, highlighting the need to work together to overcome the perfect

about 3 years ago