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Market Outlooks

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Ashurst
Market Outlooks

Ashurst, GCMD to jointly boost shipping’s decarbonisation agenda

Singapore-based Global Centre for Maritime Decarbonisation (GCMD) and England-based law firm Ashurst have formalised their partnership by signing a coalition partnership agreement, committing to a long-term collaboration to accelerate the maritime industry’s decarbonisation efforts.

about 4 years ago
Installation of electrolyser for green hydrogen production on Geps Techno’s platform (Courtesy of Lhyfe)
Market Outlooks

Lhyfe installs green hydrogen production solution on Geps Techno’s floating platform

French green hydrogen technology developer Lhyfe has started working on the installation of an electrolyser on Geps Techno’s hybrid renewable energy platform, which will produce green hydrogen from marine renewable energy sources.

about 4 years ago
Euronav
Market Outlooks

Euronav Frontline tie-up to capitalise on sustainable shipping opportunities

Norwegian tanker owner and operator Frontline and its Belgium-based counterpart Euronav have entered into a definitive agreement to create a global independent tanker operator.

about 4 years ago
Installation of the DIKWE prototype on the test site in the Brest harbor (Courtesy of Ifremer/Olivier Dugornay)
Market Outlooks

Wave-powered breakwater DIKWE starts sea trials in France

The DIKWE project – being developed by a consortium of French companies including Legendre Group, GEPS Techno, and Ifremer – has seen the deployment of a prototype breakwater equipped with wave energy converters in Sainte Anne-du-Portzic, near Brest.

about 4 years ago
Illustration/CorPower's commercial-scale C4 wave energy converter (Courtesy of CorPower Ocean)
Market Outlooks

Wave energy’s global warming potential 40 times lower than fossil fuels, study finds

CorPower Ocean and energy academics from Edinburgh University have completed a rigorous Life Cycle Assessment (LCA) of a wave energy array, showing its global warming potential to be 20-40 times lower than conventional fossil fuel electricity generation.

about 4 years ago
Offshore testing of Minesto’s Dragon Class scale model (Courtesy of Minesto)
Market Outlooks

Minesto verifies commercial performance of Dragon Class tidal power plant

Minesto has informed that the commissioning results of its Dragon Class tidal power plant in Faroe Islands have verified commercial performance and are fully in line with simulation results.

about 4 years ago
IRENA: Green hydrogen trade to improve energy security
Market Outlooks

IRENA: Green hydrogen trade to improve energy security

Renewable Energy Agency (IRENA) sees the green hydrogen trade as significantly contributing to a more diversified and resilient energy system.

about 4 years ago
Scaled Blue Horizon wave energy device at FloWave (Courtesy of Mocean Energy)
Market Outlooks

Mocean Energy starts EuropeWave test program

Scottish company Mocean Energy has begun tank testing models of its 250kW Blue Horizon wave energy machine as part of the EU-funded EuropeWave program.

about 4 years ago
Rémi Gruet, CEO of Ocean Energy Europe (Courtesy of Ocean Energy Europe)
Market Outlooks

Ocean Energy Europe: UK sets strong example with first-ever tidal stream auction winners

Ocean Energy Europe has applauded the results of the fourth UK government’s renewables auction, stating that tidal energy can now take its rightful place in the UK’s mainstream electricity supply and calling for EU to follow suit.

about 4 years ago
SIMEC Atlantis’ tidal turbine for MeyGen project (Courtesy of SIMEC Atlantis)
Market Outlooks

MeyGen set for additional 28MW of tidal energy

SIMEC Atlantis Energy has secured UK government support to deliver the next phase of one of the world’s leading tidal power schemes – the MeyGen tidal energy project.

about 4 years ago
Orbital Marine's O2 tidal turbine (Courtesy of Orbital Marine Power)
Market Outlooks

Orbital Marine Power secures revenue support for 7.2MW tidal energy projects

Scottish floating tidal energy company Orbital Marine Power has been awarded two contracts for difference (CfDs) in the latest renewable energy auction scheme in the UK.

about 4 years ago
One of the turbines used for the MeyGen project – the AR1500 (Courtesy of SIMEC Atlantis)
Market Outlooks

UK’s fourth contracts for difference round awards over 40MW of new tidal power capacity

The fourth round of the Contracts for Difference (CfD) scheme has seen the first-ever tidal stream auction winners – Orbital Marine Power, SIMEC Atlantis Energy, and Magallanes Renovables – who will together generate over 40MW of clean power from tides for British homes and businesses.

about 4 years ago
Illustration/Hornsea One offshore wind farm (Photo courtesy of Ørsted)
Market Outlooks

UK to add almost 11GW of clean energy capacity as it moves away from fossil fuels

The biggest ever round of UK government’s flagship renewables auction scheme has secured record capacity of almost 11GW of clean energy, to be delivered across a range of clean technologies, including offshore wind, solar, onshore wind, and for the first time ever – floating wind and tidal energy.

about 4 years ago
Significant drop in recoverable oil resources could deal major blow to global energy security, Rystad forecasts
Market Outlooks

Drop in recoverable oil resources could deal major blow to energy security, Rystad says

The drop in the total recoverable oil worldwide from last year’s figures represents another threat to global energy security, explains Rystad.

about 4 years ago
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