Outlook & Strategy
Exceedence’s exfin software for offshore renewables makes it to new Horizon Results Platform
EU-Scores project partner, an Irish company Exceedence, has made it to the new Horizon Results Platform with its exfin software developed to speed up the rollout of offshore wind, wave and tidal energy projects.
1st ME-GA engine wraps up gas trials
The first ME-GA engine has completed gas trials aboard an LNG carrier built by Hyundai Samho Heavy Industries (HSHI) for Norwegian shipping company, Knutsen OAS Shipping, MAN Energy Solutions announced. The new engine is an Otto-cycle variant of the company’s ME-GI engine, designed for LNG/fuel-oil
IDTechEx: Global low-carbon hydrogen market to reach $130 billion by 2033
Technology company IDTechEx has predicted that the low-carbon hydrogen market will grow substantially over the next decade, reaching $130 billion by 2033. In its new report, “Hydrogen Economy 2023-2033: Production, Storage, Distribution & Applications,” IDTechEx evaluates the necessary components to
CPP Investments and Power2X team up on green molecule projects
Canada Pension Plan Investment Board (CPP Investments) and hydrogen project developer Power2X have entered a long-term investment partnership aimed at advancing Power2X’s role in the global clean energy transition. According to the companies, the partnership plans to invest an initial €130 million t
With license in place, first UK-Germany energy link to start major construction
NeuConnect, the company behind the first energy link between the UK and Germany, has signed a license agreement with The Crown Estate, a step set to allow major construction work to begin this summer in the UK. Following negotiation and collaboration with The Crown Estate, the signed license agreeme
New report looks into policy support for cost-effective delivery of wave and tidal stream power
The University of Edinburgh’s Policy and Innovation Group has released a new report which quantified the specific policy support mechanisms, and the associated costs, that will be required to accelerate the wave and tidal stream energy sectors towards commercial deployment.
thyssenkrupp’s hydrogen business receives €526 million boost
German-based engineering company thyssenkrupp has floated its hydrogen business thyssenkrupp nucera on the Frankfurt Stock Exchange (Prime Standard), supporting the company’s growth in the hydrogen market. Specifically, the gross proceeds from the IPO of around €526 million will go to thyssenkrupp n
Fugro to collect data off Norway needed for ‘sustainable development of new marine industries’
Fugro has been appointed to carry out a hydrographic survey offshore Norway to collect datasets that are said to be essential for the sustainable development of new marine industries such as offshore wind. The contract is the latest in a series that Fugro secured with the Norwegian Hydrographic Serv
Saudi Arabia and France form energy alliance, H2 and electricity in focus
Saudi Arabia and France have agreed to strengthen their cooperation in the field of energy, acknowledging that energy is one of the main pillars of their mutual long-term partnership. The two countries affirmed their commitments by signing a Memorandum of Understanding (MoU) on 2 February 2023. Both
Carnegie Clean Energy moves forward with EuropeWave project
Carnegie Clean Energy, through its wholly owned subsidiary CETO Wave Energy Ireland (CWEI), has applied to the tender for the third phase of EuropeWave project, requesting approximately €3.75 million to deliver a CETO wave energy prototype at a European test site.
Centrica and Delfin Midstream sign $8 billion LNG supply deal
U.K.-based energy company Centrica and U.S.-based LNG export infrastructure development company Delfin Midstream have entered a sale and purchase agreement (SPA) for 1 million tons per annum (MTPA) of LNG for 15 years on a free-on-board (FOB) basis at the Delfin Deepwater Port, located 40 nautical m
MeyGen welcomes upgraded tidal energy turbine
SIMEC Atlantis Energy has redeployed a tidal energy turbine for MeyGen project, which underwent significant upgrades to improve performance and reliability.
Piombino regasification facility receives first commercial LNG cargo from Eni
Italy’s oil and gas company Eni has delivered an LNG cargo of 90 million cubic meters to the Snam (Italy’s energy company) regasification terminal in Piombino, Italy. Eni said the unloading operations took place following the completion of the test phase and mark the beginning of the terminal’s comm
Israel plans submarine power cable to Europe, Egypt, Gulf countries
Israel’s Energy and Infrastructure Ministry is planning to construct a 150-kilometer submarine cable along the country’s Mediterranean coast that will connect to Europe with the possibility to connect to Gulf countries. Israeli State Council for Planning and Construction announced on 4 July it will