The UK-based Core Power has secured research funds from the U.S. Department of Energy’s Nuclear Energy University Program (NEUP) to study the development of offshore floating nuclear power generation in the US. Core Power specializes in scalable atomic power technology for ocean transport and heavy
The Bill Gates-founded investment fund Breakthrough Energy Ventures (BEV) has entered as an investor in Danish fuel cell company Blue World Technologies alongside Vaekstfonden, DEUTZ AG, and existing investors who invested back in December 2021 to complete the company’s €37 million series B round.
Norwegian floating solar company Ocean Sun has reported an increase in revenues for the first half of the fiscal year 2022, as opposed to the same period a year earlier.
Baker Hughes has launched a new fast all-electric tiebacks solution, said to reduce capital expenditure costs by 15% compared to traditional electro-hydraulic multiplexed systems. According to Baker Hughes, the system drives cost efficiencies through optimized architecture and reduced topside footpr
Classification society DNV has issued approval in principle (AiP) to Norway-based H2Carrier for its industrial-scale concept for a floating production unit to produce green ammonia at sea, confirming the technical feasibility of the design. H2Carrier is the designer and owner of the proprietary P2XF
The Australian energy crisis highlights the challenge of finding the balance between energy security and net-zero goals, says Wood Mackenzie.
Large ocean-going vessels have the most potential for nuclear propulsion, a new research by Dutch ship design and engineering company C-Job Naval Architects shows.
SIMEC Atlantis Energy, the developer behind the MeyGen tidal power scheme, has achieved the first contractual milestone for the delivery of additional 28MW of tidal power capacity for the project as part of the UK’s fourth contracts for difference round.
French classification society Bureau Veritas (BV) has issued a new ‘biofuel ready’ notation to support the wider deployment of biofuels in the shipping industry. BV said that this notation will help the maritime industry address the main challenges related to the use of biofuels by ships, providing
Danish shipping and logistics giant A.P. Moller – Maersk has unveiled plans to operate the company’s first low greenhouse gas (GHG) emissions contract logistics warehouse in Denmark.
The IEA and the OECD outline in their new analysis that the backing for fossil fuels almost doubled in 2021, reaching $697.2 billion.
Crude oil tanker company DHT Holdings has entered into an agreement to sell its very large crude carrier (VLCC) DHT Edelweiss which is not fitted with an exhaust gas cleaning system (scrubber) in an effort to meet regulatory standards. The company is selling the 2008-built VLCC to an undisclosed buy
Neptune Energy has joined forces with Horisont Energi for the development of a large-scale carbon capture and storage project in Norway.
Mocean Energy has appointed a former oil and gas executive, and a climate change expert to its board to help commercialize its Blue Star wave energy device and raise investment.
