As the dust is settling in the aftermath of COP26, new developments in the offshore energy sector are laying the grounds for the net-zero future.
South Korea has completed the construction of a wave energy demonstration plant, equipped with energy storage system, on one of the islands of the Chuja archipelago in the Jeju Strait.
Australian renewable energy company Fortescue Future Industries (FFI) has scored planning approval to build hydrogen equipment manufacturing facilities in Queensland.
According to Facts and Factors, the green hydrogen market size and share revenue are expected to grow from $755 million in 2020 to reach $1,423.2 million by 2026.
Swedish tech company Semcon and Norwegian company Hystar will jointly develop new technology for green hydrogen production to support future energy needs.
Australian energy company Global Energy Ventures (GEV) has received firm commitments to raise $10 million via a share placement to accelerate the development of a new green hydrogen export project located on the Tiwi Islands, Australia.
RWE will invest €50 billion gross in offshore wind and other renewables, hydrogen, flexible generation and batteries until 2030, by which time the company plans to double its portfolio to 50 GW from the previously planned 25 GW. In offshore wind, the company intends to triple its capacity from 2.4 G
In this week’s In Focus, we put spotlight on COP26 and energy transition updates which include biggest polluters pledging to joint action against climate change, oil majors joining forces for decarbonisation of energy and industry, and governments proposing phasing out coal and fossil fuel subsidies
Canadian coffee roaster Café William has taken advantage of its partner Sailcargo’s presence at COP26 to announce its investment in the first zero-emission sailing cargo ship to transport its coffee beans from South America to its roasting plant in Sherbrooke, Quebec.
The WAVEGEM hybrid autonomous platform, which generates clean power by exploiting both solar and wave energy, has been retrieved ashore after two years of tests at the SEM-REV site offshore France.
Shell and RWE Generation have signed a memorandum of understanding (MoU) to jointly advance projects for the production, use and distribution of green hydrogen (H2).
Energy and marine consultancy AqualisBraemar LOC will acquire the UK operations of ship design and marine consultancy company OSD-IMT from Damen shipyards.
Scotland’s national economic development agency, Scottish Enterprise, and Japanese conglomerate Marubeni Corporation have signed a Memorandum of Understanding (MoU) to jointly explore opportunities in floating offshore wind and green hydrogen. The new partners have identified three key areas of coll
Aberdeen City Council has invested $20.3 million (£15million) to accelerate delivery of its hydrogen hub and reinforce efforts to build a hydrogen economy in this Scottish port city.
