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Market Outlooks

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Morlais Demonstration Zone (Courtesy of Welsh Government)
Market Outlooks

Op-ed: What the UK energy security strategy means for wave and tidal stream energy

In an op-ed piece, Richard Arnold, policy director at the UK Marine Energy Council discusses the recently published British Energy Security Strategy, and what it means for UK’s wave and tidal stream energy industries.

about 4 years ago
MEECE’s marine scientific buoy deployed in Wales (Courtesy of ORE Catapult)
Market Outlooks

Scientific marine buoy makes a splash at Marine Energy Test Area in Wales

Launched by Offshore Renewable Energy (ORE) Catapult’s Marine Energy Engineering Centre of Excellence (MEECE), the marine buoy will undergo sea trials to test the equipment aimed at accelerating the development of marine renewables in Wales.

about 4 years ago
CalWave's x1 wave energy device ahead of deployment (Courtesy of CalWave)
Market Outlooks

CalWave finds local partner to deliver wave energy projects in Alaska

California-based wave energy developer CalWave Power Technologies has signed a memorandum of understanding (MoU) with Launch Alaska, establishing a formal partnership to advance planning of wave energy projects in the state of Alaska.

about 4 years ago
Emica Solar’s floating solar demonstrator in Álava (Courtesy of Emica Solar)
Market Outlooks

Basque Country welcomes first floating solar power plant

Emica Bombas, a Biscayan industrial firm with more than a century of experience, has through its subsidiary Emica Solar developed and deployed a floating solar demonstrator plant based on design of a trimaran sailboat.

about 4 years ago
The Larantuka Strait site for the planned tidal energy project (Courtesy of SBS)
Market Outlooks

SBS completes feasibility study for tidal energy project in Indonesia

UK-based tidal energy project developer SBS has completed the feasibility study for a planned megawatt-scale tidal energy project in the Larantuka Strait in Indonesia.

about 4 years ago
scalable zero-emission fuels
Market Outlooks

Scalable zero-emission fuels are key to shipping’s green transition, study shows

The shipping industry’s green transition will require rapid scaling of the so-called scalable zero-emission fuels.

about 4 years ago
Illustration/Tocardo's tidal turbine array (Courtesy of Tocardo)
Market Outlooks

EU’s Innovation Fund launches €100M call for innovative low-carbon projects

The European Commission has launched a call for small-scale projects focusing on innovative technologies in renewable energy, heavy industry, energy storage, and carbon capture as part of its Innovation Fund.

about 4 years ago
Illustration/Aqua Power Technologies’ MANTA wave energy device at salmon farm (Courtesy of Aqua Power Technologies)
Market Outlooks

IEA-OES spotlights aquaculture as market for ocean energy in new report

Ocean Energy Systems (OES), a technology collaboration program within the International Energy Agency (IEA), has published a new study on ocean renewable energy technologies and their application in the offshore aquaculture industry.

about 4 years ago
MeyGen turbine ahead of installation (Courtesy of SIMEC Atlantis Energy)
Market Outlooks

SIMEC Atlantis seeks more time to repay Abundance Investment debentures

SIMEC Atlantis Energy has entered into discussions with Abundance Investment to extend the timing for the repayment of the €5.9 million debenture issued to the company in 2017.

about 4 years ago
Keppel - Sembcorp Marine
Market Outlooks

Singapore’s Keppel and SembMarine sign a ‘win-win agreement’ to merge

Singapore’s Keppel Corporation and Sembcorp Marine have signed definitive agreements for the proposed combination of Keppel O&M and Sembcorp Marine.

about 4 years ago
Lesley Griffiths during visit to M-SParc (Courtesy of Welsh Government)
Market Outlooks

M-SParc to manage offshore energy supply chain cluster in North Wales

Wales’ first science park for innovation Menai Science Park (M-SParc) has been chosen as the accountable body for the Offshore Energy Alliance – a supply chain cluster established to take advantage of the opportunities offered by offshore energy in North Wales.

about 4 years ago
Maersk Innovator - Maersk/Noble merger - Uk North Sea
Market Outlooks

UK regulator draws attention to competition concerns in Noble-Maersk merger

The UK’s competition regulator has found that the merger of Noble Corp. and Maersk Drilling could increase operating costs for oil and gas producers in the UK North Sea.

about 4 years ago
MSC Cruises
Market Outlooks

MSC Cruises presses ahead with net-zero target

As part of its journey towards net-zero emissions by 2050, the cruise division of Swiss MSC Group will have shore power connections in two Northern European ports this summer.

about 4 years ago
TMR: LNG bunkering market to rise at CAGR of 63.6% during next decade
Market Outlooks

TMR: LNG bunkering market to rise during next decade

Transparency Market Research (TMR) sees the global LNG bunkering market rising at CAGR of 63.6 per cent in the period between 2021 and 2031.

about 4 years ago
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