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Market Outlooks

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llustration/Morlais Demonstration Zone (Courtesy of Marine Energy Wales/Archive)
Market Outlooks

Welsh marine energy sector breaks record with €120M investment over last year

The Marine Energy Wales annual State of the Sector Report has highlighted the progress and achievements of Wales in the marine renewable energy sector, unveiling €120.4 million investment in the sector over last year – nearly quadrupling the previous year’s figures.

about 3 years ago
One of GKinetic’s turbines generating clean, zero-emissions energy (Courtesy of GKinetic Energy)
Market Outlooks

Irish hydrokinetic turbine developer finds Japanese partner for global market roll out

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GKinetic Energy and Torishima Service Solutions Europe have signed a letter of intent (LOI) to jointly develop a partnership structure and commercial model for global roll out of hydrokinetic technology.

about 3 years ago
Illustration/A potential design for future scalable tidal stream energy systems (Courtesy of Oxford University/Credit: Zilic de Arcos, DPhil thesis, 2021.)
Market Outlooks

Industry and academia team up for €8M tidal stream energy project

The University of Oxford, along with two other universities and over twenty industry stakeholders and regulatory bodies, will work together on an ambitious €8.1 million project that will address the key challenges currently preventing the tidal energy sector from reaching its full potential.

about 3 years ago
Illustration/Orbital Marine Power's O2 tidal energy turbine (Courtesy of Orbital Marine Power)
Market Outlooks

Tidal stream energy can serve as ‘effective complement’ to wider UK’s net zero and energy security efforts, report finds

The report on the potential of tidal stream energy to support sustainable growth in the UK, published by Grantham Research Institute on Climate Change & the Environment, has concluded that this form of energy can serve as an effective complement to wider efforts on both net zero and energy security.

about 3 years ago
New study points to Gulf’s potential as source of low-carbon H2 for Europe
Market Outlooks

New study points to Gulf’s potential as source of low-carbon H2 for Europe

RINA, the inspection, certification and consulting engineering company, and AFRY, a company specialized in engineering, design and advisory services, have undertaken an initial study of how the Gulf region and Europe could be linked directly with a pipeline to transport low-carbon hydrogen, and the

about 3 years ago
Electric boat and ship markets gaining momentum, says IDTechEx
Market Outlooks

Electric boat and ship markets gaining momentum, says IDTechEx

In its new report “Electric Boats & Ships 2024-2044,” technology company IDTechEx has provided granular 20-year forecasts in unit sales, battery demand and battery market value for the electric ferry, electric cargo/container, electric Ro-Ro, electric cruise, electric OSV, electric tugboat and elect

about 3 years ago
CE Delft: Shipping can slash CO2 emissions by 50% by the end of decade
Market Outlooks

CE Delft: Shipping can slash CO2 emissions by 50% by the end of decade

The global shipping industry can reduce emissions by nearly 50% by the end of the decade, according to a new study by CE Delft.

about 3 years ago
Canada
Market Outlooks

EU urges IMO to set net-zero emissions target for 2050

The European Union (EU) has put forward an ambitious proposal to achieve net-zero emissions in the shipping sector by 2050. On 21 June 2023, the EU Delegation to the UN, together with Denmark, Palau and Samoa, and with the participation of Special Adviser to the UN Secretary-General and ASG of the C

about 3 years ago
Illustration; Source: The International Renewable Energy Agency (IRENA)
Market Outlooks

Annual renewable power must triple by 2030, IRENA claims

In the first volume of the World Energy Transitions Outlook (WETO) 2023, the International Renewable Energy Agency (IRENA) calls for annual renewable power additions of 1,000 GW by 2030 to keep the 1.5°C climate target within reach. More specifically, IRENA identifies the way forward to immediately

about 3 years ago
Illustration; Source: Offshore Energies UK (OEUK)
Market Outlooks

If UK bans new oil & gas exploration licences, what energy games are left to be played?

Is the saga about the Labour Party’s plans for the UK’s oil and gas industry reaching a softer stance while plans for renewables remain firm?

about 3 years ago
Wärtsilä looks into potential of Power-to-X fuels for power generation
Market Outlooks

Wärtsilä looks into potential of Power-to-X fuels for power generation

Finnish technology group Wärtsilä has published a new whitepaper on the potential of Power-to-X (P2X) fuels for power generation. An in-depth study in the whitepaper entitled “The feasibility of Power-to-X fuels for power generation” examines the entire value chain of P2X fuels, analyses cost predic

about 3 years ago
Equinor's Hywind Tampen wind farm in the North Sea; Source: Equinor
Market Outlooks

UK and Norway’s energy transition tale spotlights oil & gas electrification, offshore wind, CCS, and hydrogen as main chapters

Westwood has looked at the UK and Norway’s net-zero targets and steps being taken to decarbonise the oil and gas industry.

about 3 years ago
Gasgrid Finland launches market consultations for national hydrogen infrastructure
Market Outlooks

Gasgrid Finland launches market consultations for national hydrogen infrastructure

As part of its task to develop national hydrogen infrastructure, international cooperation and hydrogen market around the Baltic Sea region, state-owned transmission system operator Gasgrid Finland has organised a non-binding market consultation for industrial actors to gain insight into their hydro

about 3 years ago
Credit; IISD/ENB/Kiara Worth
Market Outlooks

Headway made in Bonn but all hopes rest on COP28’s shoulders to tackle emission reduction challenges

The Bonn Climate Change Conference helped lay the groundwork for the political decisions required at COP28 in Dubai at the end of the year.

about 3 years ago