Swedish marine energy developer Minesto has signed a two-year extension of its power purchase agreement (PPA) with the electric utility company SEV for its tidal energy site in Vestmannasund, Faroe Islands.
Tidal energy company Nova Innovation has secured £6.4 million from the Scottish National Investment Bank to fund mass manufacturing and distribution of its innovative tidal energy turbines.
U.S.-based wave energy company Oscilla Power has raised over $100,000 in an ongoing crowdfunding campaign on StartEngine platform.
When it comes to the energy transition, we have already seen that the first-mover advantage is there.
South Korea’s green energy company SK E&S has presented plans for hydrogen business from traditional LNG in energy sourcing to grow its corporate value of 35 trillion won ($30.15 billion) by 2025.
The U.S.-based marine energy developer ORPC has deployed its second RivGen power system in Alaska to harness the currents of Kvichak River to produce clean and renewable energy for the residents of the Village of Igiugig.
Hong Kong-based container shipping and logistics company Orient Overseas Container Line Limited (OOCL) has ordered ten 16,000 TEU containerships in China.
Major European companies and project developers have joined forces with leading research institutions to unlock large-scale potential of combined wind, wave and offshore floating solar renewable energy sources in the newly launched €45 million marine energy project ‘European Scalable Offshore Renewa
DNV has warned in its energy transition report that electrification will not be enough to meet the global net-zero target of the Paris Agreement.
To remain competitive while reducing pollution and climate impacts, EU maritime transport must continue investing in sustainable new technologies, and adopting digital solutions and automation processes, a new report concluded.
As the shipping industry continues to seek the best possible fuel alternatives, methanol is emerging as a promising marine fuel on the sector’s decarbonization journey.
U.S.-based wave energy company Oscilla Power has completed the installation of three drivetrains for its Triton-C wave energy device ahead of upcoming deployment in Hawaii.
Shipowners are enjoying a cash-rich period despite coronavirus challenges and continue investing in new vessels.
The European Marine Energy Centre (EMEC) has submitted additional information to the Scottish Government for the environmental impact assessment (EIA) for its Billia Croo wave energy test site as part of an ongoing site-wide consenting process.
