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Market Outlooks - Offshore Energy

Market Outlooks

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Market Outlooks

Shipping’s EU ETS bill could reach over €8 billion in 2026, Hecla warns

Hecla Emissions Management, a company founded by Wilhelmsen Ship Management (WSM) and Affinity Shipping, has revealed its data that the maritime sector could be liable for €8.4 billion in 2026, taking into account the total ETS-applicable emissions.

about 3 years ago

HydroQuest's 1MW tidal energy turbine for Paimpol-Bréhat site (Courtesy of Ocean Energy Europe)

Market Outlooks

France boosts tidal energy sector with €65M for FloWatt project

The government of France has committed to provide at least €65 million of funding and dedicated revenue support for the pioneering tidal energy farm FloWatt, in an effort to support the commercialization of tidal energy industry.

about 3 years ago

Market Outlooks

In focus: How international are decarbonization efforts?

In Europe, we have been seeing an increasing amount of climate change evidence that makes us reconsider our outfit choices every day and if (not) bringing an umbrella was the right thing. A not-so-snowy winter, no nice spring weather, a lot of summer rain in Southeastern and Central Europe, but very

about 3 years ago

Illustration/NetBuoy during tank trials (Courtesy of Wave Energy Scotland)

Market Outlooks

Scots launch new competition to cut costs of wave energy technology

Wave Energy Scotland (WES) has launched a Direct Generation Concept Design Competition, inviting wave energy specialists, concept designers and solution architects to apply.

about 3 years ago

Market Outlooks

Greek TSO enters EuroAsia Interconnector with 25% stake

Greek electricity grid operator Independent Power Transmission Operator (IPTO or Admie) has become a strategic investor in the EuroAsia Interconnector that will link Greece, Cyprus and Israel with the acquisition of a 25 per cent stake. IPTO’s entry into the share capital of EuroAsia Interconnector

about 3 years ago

Denmark plans future backup capacity to come from hydrogen and storage

Market Outlooks

Denmark plans backup capacity to come from hydrogen and storage

Once Denmark achieves its 2030 target of being 100 per cent powered by renewables, the plan is to have backup capacity from hydrogen and energy storage, according to Hanne Storm Edlefsen, Vice President of Energy Islands at Energinet.

about 3 years ago

Market Outlooks

IMO’s ship recycling convention will fail to ensure sustainable recycling, NGOs warn

Environmental groups around the world have issued a warning that the International Maritime Organisation’s (IMO) Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, which will enter into force in 2025, could fail to ensure sustainable ship recycling.

about 3 years ago

Market Outlooks

Study identifies ‘great potential’ for importing hydrogen from Tasmania to Rotterdam

The Port of Rotterdam Authority and the Tasmanian government have conducted a joint study which shows that importing green hydrogen from Tasmania, an island southeast of Australia, has great potential to decarbonise Northern European industry. To remind, the Dutch port and the Tasmanian government s

about 3 years ago

Market Outlooks

Port Esbjerg: Lack of personnel as specialized vessels create specialized jobs

The fast-paced development of the offshore wind industry is causing the emergence of new, unforeseen jobs to which ports cannot cater as there is a lack of people and a lack of port capacity, Jesper Bank, Chief Commercial Officer of Port Esbjerg, said during a presentation in Denmark. Although the n

about 3 years ago

Illustration; Source: U.S. Energy Information Administration (EIA)

Market Outlooks

Interview with MCF’s CEO: In hot pursuit of gas as embodiment of low-carbon energy and stepping stone to green future

Natural gas is perceived to be the perfect candidate to bridge the supply gap in the transition from fossil fuels to renewables.

13 minutes read

A photo of the Sealhyfe offshore green hydrogen production platform next to the Floatgen floating wind turbine

Market Outlooks

In focus: CCS and renewables leading the energy transition race

The summer holiday season doesn’t seem to be slowing down the activities of the global energy sector. Energy companies are still moving strongly towards a low-carbon and sustainable future, with carbon capture and storage (CCS) and renewables serving as the main topics of the conversation. TotalEner

about 3 years ago

Wavepiston's wave energy technology (Courtesy of Wavepiston)

Market Outlooks

Wavepiston and university partners get €2M grant for wave energy project

Danish company Wavepiston and its two university partners have secured a government grant of over €2 million for a wave energy research project.

about 3 years ago

The partnership aims to position Wales at the forefront of the international marine energy industry (Courtesy of Marine Energy Wales)

Market Outlooks

Welsh marine energy gets a boost with new collaboration deal

Marine Energy Wales and Morlais have signed a memorandum of understanding to enhance their collaborative efforts and accelerate growth of the marine energy sector.

about 3 years ago

CorPower Ocean’s composite hull for its C4 device (Courtesy of CorPower Ocean)

Market Outlooks

Australian research centers join forces with CorPower Ocean on wave energy hydrodynamics project

Marine Energy Research Australia (MERA) has teamed up with CorPower Ocean and Australia Ocean Energy Group (AOEG) to perform an extensive study focused on wave energy hydrodynamics, which could result in driving performance, reducing cost and accelerating commercialization of wave energy technology.

about 3 years ago