Spanish energy company Enagás has announced that all its objectives set for 2022 have been achieved and the degree of execution of its 2022-2030 strategic plan is higher than expected. Enagás’ net profit on 31 December 2022 amounted to €375.8 million, exceeding the target for the year. The significa
Oceanbird, a JV backed by Alfa Laval and Wallenius, and KTH Royal Institute of Technology are performing extensive tests on the Oceanbird wing model in the KTH L2000 wind tunnel. The team is testing the aerodynamics of the wings while exposing them to different wind conditions. This series of tests
French energy group ENGIE is moving to the second stage of its strategic plan, stepping up growth in the energy transition with an emphasis on renewables. The group said its 2021-23 strategic plan has been successfully executed and the time has come to move on to the second stage. ENGIE said its geo
The MeyGen tidal energy project, developed by SIMEC Atlantis Energy, has become the first tidal stream array in the world to generate 50GWh of clean electricity from tidal energy.
Horisont Energi and Neptune Energy have signed a Memorandum of Understanding (MoU) with E.ON for the development of a European carbon capture and storage (CCS) value chain. With the agreement, Horisont Energi aims to strengthen the existing cooperation with E.ON, and by bringing in Errai partner Nep
The Republic of Korea has pledged to provide official development assistance for marine energy programs in the Pacific Ocean, including the support for ocean thermal energy conversion (OTEC) scheme in Marshall Islands.
EU-backed Forward Looking at the Offshore Renewables (FLORES) project has been officially launched to develop tools and activities to foster the development of skills in the offshore renewable energy sector.
The International Chamber of Shipping (ICS), which represents over 80% of the world’s merchant fleet, has submitted a revised proposal to the International Maritime Organization (IMO) that reaffirms the industry’s commitment to meet 2050 net-zero carbon goals. The proposal champions a Fund and Rewar
Greenpeace activists have disembarked Shell’s oil platform at the port of Haugesund in Norway after 13 days of occupation and a journey of almost 4,000 kilometers from the Canary Islands, with no arrests having taken place. Four activists boarded the floating production storage and offloading (FPSO
Finland’s government has adopted a resolution on hydrogen in which it describes the countries’ objectives regarding hydrogen and the measures to promote them. According to the government, Finland’s goal is to become the European leader in the hydrogen economy in the entire value chain, and it has th
Dutch gas infrastructure company Gasunie has applied to the European Commission for Project of Common Interest (PCI) status, proceeding with its intentions to develop a hydrogen network in the German part of the North Sea. Gasunie’s application is part of the international Clean Hydrogen for Europe
Montenegro’s Minister of Finance, Aleksandar Damjanović, and representatives of the United States (US) Department of State have discussed the economic relations between the two countries with an emphasis on cooperation in the field of energy, agreeing to take action in regard to the Bar LNG terminal
UK energy market regulator Ofgem has granted electricity interconnector licenses for three energy links that will connect the UK with three countries in the European Union.
Technology company IDTechEx has forecasted that the water electrolyser market will grow to over $120 billion by 2033. In its ‘Green Hydrogen Production: Electrolyser Markets 2023-2033’ report, IDTechEx noted that the plans from the European Union (EU), from the RePowerEU strategy, and the USA, from
