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Outlook & Strategy

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IDTechEx: Storage and distribution is vital part of hydrogen value chain
Outlook & Strategy

IDTechEx: Storage and distribution is vital part of hydrogen value chain

In its new market report “Hydrogen Economy 2023-2033: Production, Storage, Distribution & Applications,” technology company IDTechEx explores the subject of hydrogen storage and distribution technologies, examining their use cases and highlighting recent commercial activities in this domain. In rece

about 3 years ago
With record high-voltage order backlog, NKT ups its 2023 financial outlook
Outlook & Strategy

With record high-voltage order backlog, NKT ups its 2023 financial outlook

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NKT has set a record for its high-voltage order backlog in the second quarter of 2023, standing at €7.6 billion, an increase from €7 billion that was reported at the end of Q1 2023. Around 8% of the high-voltage order backlog is expected to be executed in the second half of 2023 and the remaining [&

about 3 years ago
Queen Elizabeth
Outlook & Strategy

Cunard fits entire fleet with shore power capabilities

British luxury cruise line Cunard, part of Carnival Corporation, has enabled its entire fleet to connect to shore power. Namely, the company’s Queen Elizabeth cruise ship has been fitted with shore power capabilities and now all three Cunard ships – Queen Mary 2, Queen Victoria, and Queen Elizabeth

about 3 years ago
Nand Lal Sharma, chairman and managing director of SJVN (Courtesy of SJVN)
Outlook & Strategy

SJVN to build new 90MW floating solar park in India

India’s state-owned power company SJVN has announced it will build its second 90MW floating solar project at the Omkareshwar floating solar park in the central Indian state of Madhya Pradesh.

about 3 years ago
Norden bulker
Outlook & Strategy

Teck teams up with Norden to cut its carbon footprint

Danish shipping company Norden has inked a deal with Teck Resources Limited, one of Canada’s largest mining companies, to reduce CO² emissions in Teck’s steelmaking coal supply chain. The agreement is expected to reduce annual emissions from Teck shipments handled by Norden by 25%, or up to 6,700 to

about 3 years ago
Cap Diamant will operate on Etame Marin as FSO for Vaalco
Outlook & Strategy

Euronav splashes $112 million on VLCC newbuild

Belgian tanker shipping major Euronav has entered into a deal to buy a Very Large Crude Carrier (VLCC) newbuild from an undisclosed party, paying $112.2 million for the vessel. Under the deal, the company has an option for an additional VLCC newbuild. Euronav said that it has two months to decide wh

about 3 years ago
The ‘EWP-EDF One’ wave energy plant in Tel Aviv, Israel (Courtesy of Eco Wave Power)
Outlook & Strategy

Waves start producing clean power for Israel’s electrical grid

Eco Wave Power has connected its wave energy plant to Israel’s national electrical grid, making it the first wave energy project to deliver electricity to the country’s power supply.

about 3 years ago
Researchers design iridium catalyst for hydrogen generation
Outlook & Strategy

Researchers design iridium catalyst for hydrogen generation

Researchers from Korea and the U.S. have developed a novel mesoporous tantalum oxide (Ta2O5)-supported iridium (Ir) nanostructure catalyst via a modified formic acid reduction method that achieves efficient PEM water electrolysis. According to the researchers, this iridium catalyst significantly boo

about 3 years ago
MMMCZCS: Navigating the regulatory traps to drive real change
Outlook & Strategy

MMMCZCS: Navigating the regulatory traps to drive real change

Regulatory measures implemented by the International Maritime Organization (IMO) often set out with the noble goal of curbing carbon dioxide (CO2) emissions and promoting sustainability within the global shipping industry. Yet, the journey from regulation to actual emission reduction can be marred b

about 3 years ago
DP World to bolster handling capacity with 3 million TEU
Outlook & Strategy

DP World to bolster handling capacity with 3 million TEU

Dubai-based port operator DP World expects to add approximately 3 million Twenty-Foot Equivalent Units (TEUs) of new container handling capacity by the end of the year. The company currently manages approximately 9% of the world’s handling capacity, putting it among the top five global port operator

about 3 years ago
BP leads investment in H2 electrolyzer developer Advanced Ionics
Outlook & Strategy

BP leads investment in H2 electrolyzer developer Advanced Ionics

Advanced Ionics, a developer of hydrogen electrolyzers, has closed a $12.5 million series A financing led by energy major BP Ventures, with additional investors including Clean Energy Ventures, Mitsubishi Heavy Industries (MHI) and GVP Climate. The new capital is expected to help catalyze Advanced I

about 3 years ago
K Line
Outlook & Strategy

Peninsula delivers biofuel to K Line’s bulk carrier

Maritime fuel supplier Peninsula has concluded its first biofuel deal for Japanese shipping company Kawasaki Kisen Kaisha (K Line). On 11 August, Peninsula arranged the delivery of 700 tons of UCOME-based B24 marine biofuel to K Line’s oceangoing bulk carrier M/V Cape Amal in Hong Kong through local

about 3 years ago
Another carbon storage license awarded in UK North Sea
Outlook & Strategy

Another carbon storage license awarded in UK North Sea

Just shortly after news that the North Sea Transition Authority (NSTA) awarded a license for a carbon capture and storage (CCS) project to Perenco UK and Carbon Catalyst as part of its first competitive carbon storage license round, Wintershall Dea announced it had won one as well. Wintershall Dea’s

about 3 years ago
An extended slipway has been constructed at Pembroke Port ideal for accommodating launches of vessels and devices (Courtesy of Port of Milford Haven)
Outlook & Strategy

Future energy-ready port in Pembrokeshire begins to take shape

Significant progress is being made to create a multi-purpose and future energy-ready port in Pembrokeshire as part of redevelopment plans that will enable greater flexibility for developers and marine businesses looking to test new marine energy devices and launch and recover vessels.

about 3 years ago