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Market Outlooks

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Illustration/Welsh-based Marine Power Systems (MPS) is developing wave, floating wind, and hybrid solutions combining both renewable energy technologies (Courtesy of MPS)
Market Outlooks

Officials urge for timely creation of ‘ten point plan’ for Welsh renewable energy

The UK Parliament’s Welsh Affairs Committee has called for the development of a specific renewable energy strategy for Wales before the end of this year as failing to do so would put at risk the emerging economic opportunities offered by the shift to net-zero.

about 5 years ago
Photo showing Orbital's O2 tidal turbine (Courtesy of Orbital Marine Power)
Market Outlooks
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Orbital’s first commercial tidal turbine starts exporting clean power to UK grid

Orbital Marine Power’s O2, deemed the world’s most powerful tidal turbine, has started grid-connected power generation offshore Orkney in Scotland. The turbine is also set to provide power for green hydrogen generation to facilitate decarbonisation of wider energy requirements.

about 5 years ago
Illustration (Courtesy of The European Commission)
Market Outlooks

EU launches call to establish offshore renewable energies working group

The European Commission has opened a call for expressions of interest for a new working group on offshore renewable energies that would contribute to reaching EU’s ambition of at least 300GW of offshore wind and 40GW of ocean energies by 2050.

about 5 years ago
Illustration/Offshore renewable energy farm with offshore wind co-located with wave power plants (Courtesy of CorPower Ocean)
Market Outlooks

G20: IRENA lists cues for action to boost energy transition with offshore renewables

Boosting offshore renewables will accelerate the energy transition and allow G20 countries to build a resilient and sustainable energy system, a new report by the International Renewable Energy Agency (IRENA) has found. The report has also outlined specific courses of action to make this happen.

about 5 years ago
Photo showing the Mutriku wave power plant (Courtesy of Arantxa Tapia)
Market Outlooks

Spanish Mutriku plant sets record for continuous wave power production

The Mutriku wave power plant, located in the Basque Country in northern Spain, has reached a ten-year milestone of uninterrupted clean power generation, becoming the longest operating commercial plant of its kind in the world.

about 5 years ago
EMEC on Franco-Scottish floating wind and hydrogen collaboration
Market Outlooks

EMEC pushes for Franco-Scottish floating wind and hydrogen collaboration

The European Marine Energy Centre (EMEC) has delivered a report with recommendations to facilitate research collaborations between Scottish and French floating wind and hydrogen organisations.

about 5 years ago
MSC orders fifth LNG-fueled liner at STX France
Market Outlooks

MSC Cruises bullish on cutting CO2 emissions by 40 pct

Swiss-based cruise line MSC Cruises will “remain on track to meet, or likely exceed, the target for 40% improvement in emissions intensity by 2030 compared to 2008,” MSC’s new sustainability report showed.

about 5 years ago
Illustration/Offshore wind farm collocated with wave energy farm (Courtesy of CorPower Ocean)
Market Outlooks

Major UK project to unlock untapped potential of ocean renewable energy fuels

An innovative £10 million research project, led by the University of Strathclyde, has been set up to investigate the potential of harnessing offshore wind and marine renewable energy to produce zero-carbon hydrogen and ammonia fuels.

about 5 years ago
Shipping
Market Outlooks

Shipping industry preps for cross-sector decarbonisation event

Global shipping has announced a cross-industry event, to be held during COP26, bringing together leaders in shipping, energy, politics and finance to discuss maritime decarbonisation efforts.

about 5 years ago
Port of Emden
Market Outlooks

Port of Emden to get methanol-powered harbor boat

Germany’s Port of Emden is looking to make its harbor tours CO2-neutral in the future as it will receive a new, methanol-powered harbor boat.

about 5 years ago
Norwegian
Market Outlooks

Norwegian duo to build 1st ammonia bunkering terminals

Two Norway-based companies have launched a joint venture to fill an existing gap in the ammonia fuel value chain by developing ammonia ship bunkering infrastructure technology, products and services.

about 5 years ago
Global OTEC Resources' floating OTEC concept (Courtesy of Global OTEC Resources)
Market Outlooks

Alliance formed to bring floating OTEC to small islands

SIDS DOCK has signed an agreement with Global OTEC Resources to collaborate on developing and deploying floating ocean thermal energy conversion (OTEC) technology in small island states.

about 5 years ago
World’s recoverable oil resources take a hit, Rystad says
Market Outlooks

World’s recoverable oil resources take a hit, Rystad says

The world’s remaining recoverable oil resources are now seen as 9% slimmer but the commercial volumes can keep global warming below 1.8˚C.

about 5 years ago
Danaos
Market Outlooks

Danaos buys six eco-friendly boxships

Athens-based containership owner and operator Danaos Corporation has entered into an agreement to acquire six 5,466 TEU container vessels built at Hanjin Subic Bay shipyard.

about 5 years ago