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Market Outlooks

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‘Historic call’ for international mechanism to put an end to fossil fuels and speed up ‘just transition’
Market Outlooks

‘Historic call’ for international mechanism to phase out fossil fuels and speed up ‘just transition’

At a recent UN General Assembly, Vanuatu called for a treaty to end the fossil fuel era and accelerate a transition to low-carbon energy.

about 4 years ago
Saint-Nazaire offshore wind farm and offshore substation/Photo by: Parc Eolien en Mer de Saint-Nazaire on Twitter; Eolien Maritime France (EMF)
Market Outlooks

In focus: Offshore renewables and green hydrogen set to herald in a new energy paradigm

The global energy sector’s transition from fossil-based systems of energy production to renewable energy sources is proving to be an increasingly challenging goal to attain, especially in the context of current energy security and supply setbacks. However, offshore renewable energies – mainly offsho

about 4 years ago
DEEC-Tecs can be built into numerous shapes, like snakes and balloons, to capture energy from a wide range of ocean environments (Illustrations by Besiki Kazaishvili, NREL)
Market Outlooks

NREL secures first patent for DEEC-Tec marine energy applications

Researchers from the National Renewable Energy Laboratory (NREL) have secured the first patent for distributed embedded energy converter technologies (DEEC-Tec), which relates specifically to the application of the technology in marine renewable energy.

about 4 years ago
Concept for Ocean Harvesting’s InfinityWEC (Courtesy of Ocean Harvesting Technologies)
Market Outlooks

Case study into oil and gas platform electrification with wave energy delivers ‘promising results’

A case study, conducted by Ocean Harvesting Technologies and Lundin Energy Norway, has shown that wave power could provide significantly more stable power production than offshore wind for the electrification of oil and gas platforms.

about 4 years ago
Poseidon Principles
Market Outlooks

Shipping banks, marine insurers opt for 1.5-aligned emissions benchmarking

30 shipping banks and 17 marine insurance providers and brokers announced today that the Poseidon Principles will add additional trajectories to report climate alignment with a 1.5C future.

about 4 years ago
Wave energy technologies proceeding to next phase of EuropeWave project (Courtesy of EuropeWave)
Market Outlooks

Five wave energy projects proceed to next phase of EuropeWave

Following the competitive first phase of EuropeWave’s pre-commercial procurement (PCP) program, five wave energy projects have been selected to develop their concepts further in the next phase.

about 4 years ago
World’s first offshore green hydrogen production platform inaugurated in France
Market Outlooks

World’s first offshore green hydrogen production platform inaugurated in France

French green hydrogen technology developer Lhyfe, together with its partners, has inaugurated the world’s first offshore renewable hydrogen platform in France.

about 4 years ago
Illustration (Courtesy of IRENA)
Market Outlooks

Renewable energy jobs remain resilient with 12.7 million employed globally

Worldwide renewable energy employment reached 12.7 million last year, a jump of 700,000 new jobs in one year, according to a new report by International Renewable Energy Agency (IRENA).

about 4 years ago
Mission Possible
Market Outlooks

Mission Possible maps path to decarbonise carbon-intensive industries

More than 200 industry leaders have endorsed strategies from the Mission Possible Partnership (MPP) to decarbonise some of world’s hardest-to-abate, carbon-intensive industries in this decade.

about 4 years ago
Cygnus field in the UK North Sea
Market Outlooks

UK confirms new oil & gas licensing round and lifts shale ban

The UK government has lifted the moratorium on shale gas production in England and confirmed its support for a new oil and gas licencing round.

about 4 years ago
Integrated wave energy and subsea storage solution layout (Courtesy of Mocean Energy)
Market Outlooks

Tripartite agreement in place for emerging subsea clean energy market

Baker Hughes, Mocean Energy, and Verlume have signed a triparty memorandum of understanding (MoU) for collaboration on integrated wave energy and subsea energy storage solutions for the emerging subsea clean energy market.

about 4 years ago
ammonia-fueled ammonia gas carrier
Market Outlooks

Shipping ‘partially on track’ on decarbonisation targets, moving from pilots to production of zero-emission fuels now crucial

The shipping industry is ‘partially on track’ with regard to the progress in technology and supply of scalable zero-emission fuels (SZEF) to achieve the target of a 5 percent share of international shipping fuels by 2030, according to a new joint report produced by UMAS and UN Climate Change High Le

about 4 years ago
Leviathan
Market Outlooks

Leviathan, German Naval Yards aim to be the powerhouse of EU green ship recycling

Germany-based green ship recycling centre Leviathan will collaborate with local shipyard German Naval Yards on facilitating green and sustainable ship recycling.

about 4 years ago
UMACK anchor ahead of installation in northern Portugal (Courtesy of CorPower Ocean)
Market Outlooks

First commercial-scale UMACK anchor hits seabed off Portugal ahead of wave device installation

CorPower Ocean, Maersk Supply Service and Dieseko have installed the first commercial-scale UMACK anchor to support the HiWave-5 wave energy demonstration project.

about 4 years ago
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