Outlook & Strategy
Irish hydrokinetic turbine developer finds Japanese partner for global market roll out
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.
Mitsubishi sets up new company for hydrogen business in Europe
Mitsubishi Corporation (MC), a global integrated business enterprise, has established a new company, Eneco Diamond Hydrogen, to develop green hydrogen and associated renewable energy in Europe. The new company is a joint venture between MC and its subsidiary Eneco, an integrated energy company headq
Malone: Nuclear power can ignite growth of alternative fuel infrastructure and ship orders
Utilizing nuclear power could become a catalyst for the growth of alternative fuel infrastructure projects and the ship orders to go with it, according to Principal of Sea/Switch Partners and Partner in the ETFMG Breakwave Sea Decarbonization Tech ETF, BSEA, Hal Malone. As explained, shipping decarb
10MW offshore hydrogen project nets €20 million European Commission grant
The HOPE (Hydrogen Offshore Production for Europe) project, which aims to develop, build and operate the first 10 MW offshore hydrogen production unit in the North Sea, off the coast of Belgium by 2026, has received a €20 million (around $21.8 million) grant from the European Commission (EC). The HO
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.
Maersk’s groundbreaking methanol-powered vessel sets sail on sea trials
This week marks a significant milestone for Maersk as its first methanol-powered container vessel undergoes crucial sea trials. The rigorous testing phase will be taking place off the picturesque Korean coast, near Ulsan. The 2,100 TEU container vessel is being built by South Korea’s Hyundai Mipo Do
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.
Stena Line partners with Wärtsilä to convert vessels to methanol
Swedish ferry operator Stena Line has hired technology group Wärtsilä to convert some of its vessels to operate with methanol fuel. The conversions will include the fuel supply system and engine modifications, as well as integrating the new installations with the ships’ existing systems. The contrac
Dutch national hydrogen network project gains ground
Energy infrastructure company Gasunie has taken the investment decision for the first part of the Dutch national hydrogen network. Gasunie said the section is being developed by its subsidiary Hynetwork Services, which was commissioned by the government last year. The investment exceeds €100 million
Study reveals vital ship design, crew training strategies for safe ammonia usage
A joint study into ammonia safety onboard ships undertaken by the Lloyd’s Register (LR) Maritime Decarbonisation Hub and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS), has found that a range of mitigation methods, from ship design to crew training and operations, are required
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
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
Maersk ups the ante with order for six more methanol-powered containerships
Danish container shipping heavyweight A.P. Moller – Maersk (Maersk) has placed an order for six mid-sized container vessels with Yangzijiang Shipbuilding Group. The company said that the six 9,000 TEU vessels will all have dual-fuel engines able to operate on green methanol and fuel oil. The ships a
Yara to invest in blue ammonia capacity in U.S.
As part of its journey to decarbonize agriculture and serve clean ammonia segments, Norwegian fertilizer company Yara has announced it will boost its clean ammonia operations by investing in blue ammonia capacity in the U.S. Yara noted its ambition is to be the leading distributor across green, blue