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Market Outlooks - Offshore Energy

Market Outlooks

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Sam Roch-Perks, the founder and CEO of Simply Blue Group (Courtesy of CorPower Ocean)

Market Outlooks

Floating wind and wave energy for multi-use of sea as next step for Simply Blue Group, founder says

Sam Roch-Perks, the founder and CEO of blue economy developer Simply Blue Group, has shared his insights about the future of wave energy, emphasizing its potential for grid balancing when used in combination with established, but intermittent renewables, such as wind and solar.

about 4 years ago

3MWp floating solar plant in Germany (Screenshot/Video by BayWa r.e.)

Market Outlooks

Video: BayWa r.e. showcases one of the largest floating solar plants in Germany

German renewable energy company BayWa r.e. has released a video, showcasing the construction and deployment of the 3MWp floating solar power plant in Germany.

about 4 years ago

Market Outlooks

DNV: Hydrogen likely to have limited uptake in deep-sea shipping

The adoption of hydrogen as marine fuel for deep sea-going vessels seems to be lagging behind its counterparts such as methanol and ammonia. Hydrogen is an attractive fuel for internal combustion engines and its combustion produces no greenhouse gas emissions. However, hydrogen needs to be compresse

about 4 years ago

Market Outlooks

Danfoss, TESYA to jointly accelerate marine electrification of the Mediterranean region

Danish industrial machinery manufacturing company Danfoss Power Solutions and Italy-based site solutions provider TESYA Group have signed a cooperation agreement to accelerate the electrification of the marine industry in Southern Europe.

about 4 years ago

HPG’s 25kW turbine at SEENEOH (Courtesy of HPG)

Market Outlooks

Dutch company kicks off vertical axis tidal turbine trials in France

Netherlands-based company Hydrokinetic Power Generation Systems (HPG) has deployed its vertical axis tidal turbine at the SEENEOH test site in Bordeaux, France.

about 4 years ago

Market Outlooks

In focus: Don’t let a good energy crisis go to waste

The volatility within the energy market has forced nations to look inward for solutions to this global issue and cut their reliance on energy imports or diversify their sources of supply. Looking longer-term, if this approach becomes a policy and not a one-off solution to a one-off problem, this kin

about 4 years ago

One of the turbines used for the MeyGen project – the AR1500 (Courtesy of SIMEC Atlantis)

Market Outlooks

Scots start search for MeyGen tidal energy project investment advisor

Scottish government’s public bodies – Crown Estate Scotland and Scottish Enterprise – are looking to appoint consultants who would provide technical advice services for investments in the MeyGen tidal energy project.

about 4 years ago

Employment in clean energy sector on the rise, exceeding declines in fossil fuels jobs, says IEA

Market Outlooks

Employment in clean energy sector on the rise, exceeding declines in fossil fuel jobs, says IEA

The International Energy Agency has outlined that employment in the energy sector is rising above pre-Covid levels, driven by clean energy.

about 4 years ago

Market Outlooks

UK sets out plans to ramp up oil & gas production and unveils energy price freeze

To tackle the energy crisis, the UK has revealed a set of measures, which will be undertaken to boost domestic oil and gas production.

about 4 years ago

Illustration/Tidal energy power plant developed by Swedish company Minesto (Courtesy of Ocean Energy Europe)

Market Outlooks

Industry, academia urge for 45% or higher renewable energy target by 2030 for EU

The representatives of a number of European energy industry associations and universities have issued a joint letter, urging for the adoption of a European-wide 45% or higher renewable energy target by 2030 to counteract rising energy prices.

about 4 years ago

Rystad: Oil & gas exploration on the decline with global awarded acreage sinking to near all-time lows

Market Outlooks

Rystad: Oil & gas exploration on the decline with global awarded acreage near all-time lows

Rystad Energy forecasts that global oil and gas exploration spending and activities are expected to shrink even further this year.

about 4 years ago

Illustration (Courtesy of Scottish Renewables)

Market Outlooks

UK public shows ‘overwhelming support’ for new renewable energy projects

A survey commissioned by RenewableUK has shown an overwhelming public support for building new renewable energy projects across the UK to tackle the cost of energy crisis.

about 4 years ago

Illustration/Floating solar power plant (Courtesy of Multiconsult)

Market Outlooks

Ghana sets sights on floating solar power plants

Norway-based engineering consultancy Multiconsult has been appointed to assess the potential for installing a floating solar power plant in Ghana.

about 4 years ago

Market Outlooks

Alfa Laval: HT-PEM fuel cell system using methanol passes tests

In Q2 2022, Swedish sustainable solutions provider Alfa Laval started up a small-scale methanol fuel cell system at the Alfa Laval Test & Training Centre. Based on positive test results, the project is on track for a 200 kW installation.

about 4 years ago