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Market Outlooks

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RivGen device operating in the Kvichak River in Alaska, February 2021 (Courtesy of ORPC)
Market Outlooks

Canadian hydrokinetic test center to deploy ORPC’s RivGen power system

Canadian Hydrokinetic Technology Testing Centre (CHTTC) and ORPC Canada have joined forces to deploy a RivGen renewable power system for the first time in the Canadian market.

about 4 years ago
Illustratio/Floating solar farm in China (Courtesy of Huaneng Power International)
Market Outlooks

China launches tender for 11.25GW offshore floating solar plants

Shandong, an eastern Chinese province on the Yellow Sea, has issued a tender for the development of 10 offshore floating solar projects with a combined capacity of 11.25GW by 2025.

about 4 years ago
Fugro
Market Outlooks

Fugro to keep supporting South Korean offshore wind expansion

Due to the strong demand for combined geophysical, geotechnical and metocean data services, Fugro has extended its memorandum of understanding (MoU) with Underwater Survey Technology 21 (UST21) to support South Korea’s expansion of wind power assets.

about 4 years ago
Illustration (Courtesy of Oneka Technologies)
Market Outlooks

Wave-powered desalination tech company looking to expand its team

Canadian company Oneka Technologies has started recruiting for various positions as it looks to further advance its wave energy-powered desalination technology.

about 4 years ago
Shell, RWE & co move forward with German OW-to-H2 project
Market Outlooks

RWE: New delegated act puts shackles on green hydrogen

There should be no limiting criteria for the producers and buyers of green hydrogen on the use of electricity to produce it, RWE said in a comment on a proposed delegated act in the EU which would permit only electricity from newly built, unsubsidised wind and solar energy farms to generate green hy

about 4 years ago
Illustration (Courtesy of Sea Grant/NOAA)
Market Outlooks

Unites States backs six marine energy-fishing co-location projects in the northeast

The projects were selected as part of a funding opportunity whose aim is to catalyze research for the coexistence of marine energy with Northeast fishing and coastal communities.

about 4 years ago
More acreage for Polish player off Norway boosts its strategy for ‘diversification of gas supplies’
Market Outlooks

Following plans to scale up gas production, Polish player secures more Norwegian acreage

PGNiG has inked a deal with Wellesley Petroleum to expand its footprint offshore Norway by acquiring a stake in an Aker BP-operated field.

about 4 years ago
ORPC's Modular RivGen device (Courtesy of ORPC)
Market Outlooks

ORPC picks turbine shafts supplier for tidal power systems

US-based marine energy company Ocean Renewable Power Company (ORPC) has selected Millinocket Fabrication & Machine to manufacture the turbine shafts for its portfolio of tidal power systems.

about 4 years ago
UK to rake in over $9.6 billion in tax this year from oil & gas operators
Market Outlooks

UK to get over $9.7 billion in tax this year from oil & gas operators, trade body says

UK oil & gas operators are expected to pay over $9.6 billion in taxes in 2021, which represents a 20-fold increase worth $346 per household.

about 4 years ago
Kevin Rebenius presenting before the Swedish Parliament (Courtesy of CorPower Ocean)
Market Outlooks

CorPower Ocean goes before Swedish Parliament to spotlight wave power benefits

CorPower Ocean has spoken at the Swedish Parliament to build awareness of the future potential of wave energy amongst the nation’s policy makers.

about 4 years ago
Corvus Energy
Market Outlooks

Corvus Energy to open US battery factory amid increased demand

Norway’s energy storage company Corvus Energy is expanding its US operations by opening a new factory in the state of Washington in an effort to meet demand for hybrid and zero-emission vessels.

about 4 years ago
Illustration/CorPower’s C3 wave energy device (Courtesy of CorPower Ocean/Photo by Colin Keldie)
Market Outlooks

Ocean Energy Europe: REPowerEU as new innovation stepping stone for renewables

Ocean Energy Europe (OEE) has welcomed the European Commission’s REPowerEU initiative, which at its heart endorses a massive and accelerated roll-out of renewables.

about 4 years ago
Woodside shareholders back BHP merger in landslide vote
Market Outlooks

Woodside shareholders endorse BHP merger proposal in landslide vote

Woodside has revealed that its shareholders have endorsed its plan for the merger of BHP’s petroleum business portfolio with Woodside.

about 4 years ago
Illustration/Offshore wind farm collocated with wave energy farm (Courtesy of CorPower Ocean
Market Outlooks

Esbjerg declaration: Industry sees wave energy as ‘natural partner’ to offshore wind and solar

The representatives of ocean energy associations have called both the Danish and Dutch governments and parliaments to also integrate wave energy in the energy strategy for the North Sea region by setting both national and regional deployment targets.

about 4 years ago
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