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Market Outlooks

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Marine Energy Wales and UK Marine Energy Council to enhance collaboration for marine energy (Courtesy of Marine Energy Wales)
Market Outlooks

UK organizations strengthen marine energy ties

Marine Energy Wales and UK Marine Energy Council (MEC) have signed a memorandum of understanding, outlining and enhancing their collaborative efforts to support the marine industry in Wales and the wider UK.

about 3 years ago
Illustration; Source: QatarEnergy
Market Outlooks

In focus: The hard truths and wake-up calls in the global energy transition

As the world races towards a net-zero emissions future by 2050, it’s imperative to acknowledge some hard truths and heed the wake-up calls emerging from the latest reports and analyses. The energy transition journey is undoubtedly complex, laden with challenges and unearthing difficult realities as

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about 3 years ago
Finished NEMMO tidal turbine blades with anti-fouling cover (Courtesy of NEMMO project)
Market Outlooks

Brand new NEMMO tidal turbine blades ready for a spin at sea

The collaborative EU-backed NEMMO project has reached its last and most significant milestone – producing novel-design tidal turbine blades, three of which are being shipped to be fitted on Magallanes Renovables’ ATIR tidal energy platform in Scotland.

about 3 years ago
Front Prince
Market Outlooks

Aging VLCC sector bracing for a deficit of ECO ships

The global shipping industry is grappling with the pressing need to transition towards eco-friendly practices, as ambitious demands for decarbonization and impending carbon taxes loom on the horizon. The very large crude carrier (VLCC) sector is in a unique position with a large portion of its fleet

about 3 years ago
DNV: Despite falling short of Paris Agreement requirements, hydrogen technology set to bring significant changes to energy transition by 2050
Market Outlooks

DNV: Despite falling short of Paris Agreement requirements, hydrogen technology set to bring significant changes to energy transition by 2050

Renewable and low-carbon hydrogen is expected to play an important role in decarbonizing and reducing emissions from hard-to-electrify sectors and reaching the Paris Agreement climate goals. While these targets require hydrogen to account for approximately 15% of the world’s energy demand by 2050, D

about 3 years ago
Illustration; Source: DNV
Market Outlooks

Net-zero by 2050 ambition at risk: In with renewables and out with fossil fuels ‘far from fast enough,’ warns DNV

DNV: The pace of the transition from fossil fuels to renewables is not being imbued with enough speed to reach net-zero by 2050 targets.

about 3 years ago
Illustration/Havkraft’s CEO Geir Arne Solheim on a ‘Powerpier’ equipped with wave energy units (Courtesy of Havkraft)
Market Outlooks

Havkraft teams up with Equinor to explore wave power for lowering offshore drilling emissions

Norwegian company Havkraft has signed a contract with Equinor to conduct a feasibility study exploring the integration of wave energy as a sustainable energy source for powering mobile offshore drilling units.

about 3 years ago
Water2Energy’s vertical axis tidal turbine in the Port of Flushing (Courtesy of ENCORE Project)
Market Outlooks

ENCORE project reaches conclusion with four offshore renewable technology demos under its belt

The Interreg 2 Seas-funded ENCORE project has reached its formal closure after three years, having ‘successfully propelled’ four innovative tidal energy, offshore solar and wave energy technology solutions.

about 3 years ago
France’s LNG buildout unnecessary amid falling gas demand, says IEEFA
Market Outlooks

France’s LNG buildout unnecessary amid falling gas demand, says IEEFA

In new research “France’s LNG Paradox,” the Institute for Energy Economics and Financial Analysis (IEEFA) has reported that France risks unnecessary investments in new liquified natural gas (LNG) infrastructure as the utilization rates of existing terminals decline and gas use falls. IEEFA noted tha

about 3 years ago
Evangelos Marinakis
Market Outlooks

Marinakis proposes Capital Product Partners’ pivot to LNG carrier sector

Greek shipping magnate Evangelos Marinakis, alongside his son Miltiadis and private company Capital Maritime & Trading, has revealed plans to propose a significant shift in the business focus of New York-listed shipowner Capital Product Partners. The proposal, disclosed in a filing with the U.S. Sec

about 3 years ago
Illustration/Oceans of Energy’s offshore solar unit (Courtesy of Oceans of Energy)
Market Outlooks

DNV clears Oceans of Energy’s offshore solar design for North Sea conditions

DNV, the independent energy expert and assurance provider, has issued a statement of conformity to Dutch floating solar company Oceans of Energy for its offshore solar solution, which clears it for deployment in rough sea conditions like those in the North Sea.

about 3 years ago
In focus: Is natural gas crucial element of energy transition?
Market Outlooks

In focus: Is natural gas crucial element of energy transition?

With the world adapting to emerging sources of supply and decarbonization technologies, the discussion about which fuel is the top contender for the successful energy transition continues. Despite the growing opposition to fossil fuels, some consider natural gas, primarily LNG, as the leading transi

about 3 years ago
Aquaterra Energy: What are the key challenges and opportunities facing the global hydrogen sector today?
Market Outlooks

Aquaterra Energy: What are the key challenges and opportunities facing the global hydrogen sector today?

This is a guest article by Anne Haase, Renewables Director at Aquaterra Energy. Europe is currently driving plans forward to significantly decarbonise industry and accelerate its journey to a low carbon economy. Hydrogen is core to that decarbonisation strategy, with infrastructure projects being d

about 3 years ago
Tocardo’s Eastern Scheldt tidal energy array (Courtesy of Ocean Energy Europe/Photo by Simon Pugh)
Market Outlooks

Tocardo concludes 8-year demonstration of Eastern Scheldt tidal energy array

Tocardo, a joint venture of QED Naval and HydroWing, has completed the demonstration of 1.25MW five-turbine tidal energy array in the Netherlands after eight years of operation.

about 3 years ago