Swedish wave energy company Seabased has signed a memorandum of understanding (MoU) for the development of 10MW wave energy plant offshore the Polynesian country and archipelagic state of Tonga.
As part of the UK’s 2023 Spring Budget, £20 billion (nearly $24.2 billion) funding has been unveiled to scale up carbon capture and storage (CCS) projects. The energy industry sees this funding as a way to speed up decarbonisation across the UK and step up the shift towards renewables.
