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Market Outlooks

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Marine EnergyOTECAuthorities & GovernmentBusiness Developments & ProjectsCollaborationEquipmentInnovationOutlook & StrategyRegulation & PolicyTechnologyTransitionVisionClean FuelDredgingFossil EnergyGreen MarineOffshore WindSubseaInfrastructureFloating SolarOperations & MaintenanceHydrogenLNGOil & GasBusiness & FinanceCarbon Capture Usage & StorageEnvironmentExploration & ProductionTidal & Wave EnergyResearch & DevelopmentRules & Regulation
Global OTEC’s floating OTEC concept (Courtesy of Global OTEC)
Market Outlooks

Global OTEC agrees power purchase deal for floating OTEC plant offshore Africa

UK-based company Global OTEC has signed what’s said to be the world’s first deal to develop a power purchase agreement (PPA) for a 1.5MW floating ocean thermal energy conversion (OTEC) platform offshore São Tomé island.

about 4 years ago
Illustration/Hexicon floating wind technology (Courtesy of Hexicon)
Market Outlooks

In focus: Offshore industry forms decarbonization tie-ups, as need for more renewable energy investments grows

Despite the projections stating the global energy investments are to reach $2.4 trillion this year, much more is still needed to successfully tackle the issues of energy security and climate crises globally

about 4 years ago
Floating solar farm (Courtesy of Skyfri)
Market Outlooks

Skyfri bags contract for floating solar project in India

Bharat Heavy Electricals Limited (BHEL) has awarded an asset operations contract to Norway-based cleantech company Skyfri for its floating solar project in Kerala, India.

about 4 years ago
Faster ramp-up of investments in clean sources needed to tackle double whammy of energy and climate crises
Market Outlooks

Faster ramp-up of investments needed to tackle double whammy of energy and climate crises

While investments are expected to reach $2.4 trillion this year, this is not enough to come to grips with the energy and climate crises.

about 4 years ago
NYK
Market Outlooks

NYK 1st Japanese company to join UN’s Sustainable Ocean Principles

Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK) has become a signatory to the UN Global Compact Sustainable Ocean Principles.

about 4 years ago
MeyGen turbine ahead of installation (Courtesy of SIMEC Atlantis Energy)
Market Outlooks

SIMEC Atlantis posts €86 million loss for ‘challenging’ 2021

Tidal energy company SIMEC Atlantis Energy has widen its losses for 2021, driven by the discontinuation of a power station conversion project and operational difficulties experienced at the MeyGen tidal energy project during the year.

about 4 years ago
Høglund Marine Solutions
Market Outlooks

HAV Group to acquire Høglund Marine Solutions

Norwegian technology provider HAV Group ASA has signed a letter of intent for the acquisition of Norwegian integrated automation and energy specialist Høglund Marine Solutions.

about 4 years ago
Rendering of Havkraft N-Class wave power plant (Courtesy of Havkraft)
Market Outlooks

Havkraft inks deal to power fish farm using its wave energy device

Norwegian company Havkraft has signed an agreement for a project that will use its wave energy technology to provide clean power to a fish farm offshore Norway.

about 4 years ago
To wean off Russian fossil fuels with green hydrogen, Europe needs to ramp up renewables
Market Outlooks

To wean off Russian fossil fuels with green hydrogen, Europe needs to ramp up renewables

To phase out Russian fossil fuels and speed up its energy transition, using green hydrogen, Europe will need to step up renewable deployment.

about 4 years ago
Illustration/CETO wave energy array (Courtesy of Carnegie Clean Energy)
Market Outlooks

Carnegie unveils wave energy product validation roadmap

Carnegie Clean Energy has released its new product validation roadmap for its primary CETO and MoorPower technologies, alongside additional products Wave Predictor and Mooring Tensioner.

about 4 years ago
Floating solar power plant (Courtesy of Tata Power Solar)
Market Outlooks

Tata Power Solar commissions India’s largest floating solar power project

Tata Power Solar Systems, a wholly-owned subsidiary of Tata Power, has commissioned 101.6MWp floating solar project in Kayamkulam in Kerala – India’s largest such project to date.

about 4 years ago
The FLORA Ocean Station rendering (Courtesy of Wedge Global)
Market Outlooks

Consortium forms to deliver multi-purpose ocean station powered by renewable energy

The consortium behind the FLOating RAdar (FLORA) project has held the kick-off meeting to formalize the start of a scheme that will develop and demonstrate an industrial-scale prototype of a multi-purpose ocean station with renewable energy generation and operational oceanography capabilities: the F

about 4 years ago
U.S. and EU scaling up efforts to enable energy security and curb emissions
Market Outlooks

U.S. and EU scaling up efforts to ensure energy security and curb emissions

The U. S. and the EU will intensify efforts to ensure energy security and reduce emissions while pursuing diversification of energy supplies.

about 4 years ago
Illustration/Second RivGen power system ahead of deployment in Kvichak River (Courtesy of ORPC)
Market Outlooks

ORPC to install its first hydrokinetic power system in South America

Ocean Renewable Power Company (ORPC) has signed an agreement with the Municipality of Chile Chico in the Aysén region of Patagonia to install a RivGen power system in the area in 2023.

about 4 years ago
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