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Market Outlooks

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CorPower Ocean’s composite hull for its C4 device (Courtesy of CorPower Ocean)
Market Outlooks

Australian research centers join forces with CorPower Ocean on wave energy hydrodynamics project

Marine Energy Research Australia (MERA) has teamed up with CorPower Ocean and Australia Ocean Energy Group (AOEG) to perform an extensive study focused on wave energy hydrodynamics, which could result in driving performance, reducing cost and accelerating commercialization of wave energy technology.

about 3 years ago
llustration/Morlais Demonstration Zone (Courtesy of Marine Energy Wales/Archive)
Market Outlooks

Welsh marine energy sector breaks record with €120M investment over last year

The Marine Energy Wales annual State of the Sector Report has highlighted the progress and achievements of Wales in the marine renewable energy sector, unveiling €120.4 million investment in the sector over last year – nearly quadrupling the previous year’s figures.

about 3 years ago
AD Ports
Market Outlooks

AD Ports Group inks concession deals with KTP, Congo

UAE-based port operator AD Ports Group has signed a concession agreement with Karachi Port Trust (KPT), the Pakistani federal government agency that oversees the operations of the Port of Karachi. Under the terms of the 50-year concession agreement, a Joint Venture between AD Ports Group, as a major

about 3 years ago
One of GKinetic’s turbines generating clean, zero-emissions energy (Courtesy of GKinetic Energy)
Market Outlooks

Irish hydrokinetic turbine developer finds Japanese partner for global market roll out

GKinetic Energy and Torishima Service Solutions Europe have signed a letter of intent (LOI) to jointly develop a partnership structure and commercial model for global roll out of hydrokinetic technology.

about 3 years ago
Illustration/A potential design for future scalable tidal stream energy systems (Courtesy of Oxford University/Credit: Zilic de Arcos, DPhil thesis, 2021.)
Market Outlooks

Industry and academia team up for €8M tidal stream energy project

The University of Oxford, along with two other universities and over twenty industry stakeholders and regulatory bodies, will work together on an ambitious €8.1 million project that will address the key challenges currently preventing the tidal energy sector from reaching its full potential.

about 3 years ago
Illustration/Orbital Marine Power's O2 tidal energy turbine (Courtesy of Orbital Marine Power)
Market Outlooks

Tidal stream energy can serve as ‘effective complement’ to wider UK’s net zero and energy security efforts, report finds

The report on the potential of tidal stream energy to support sustainable growth in the UK, published by Grantham Research Institute on Climate Change & the Environment, has concluded that this form of energy can serve as an effective complement to wider efforts on both net zero and energy security.

about 3 years ago
New study points to Gulf’s potential as source of low-carbon H2 for Europe
Market Outlooks

New study points to Gulf’s potential as source of low-carbon H2 for Europe

RINA, the inspection, certification and consulting engineering company, and AFRY, a company specialized in engineering, design and advisory services, have undertaken an initial study of how the Gulf region and Europe could be linked directly with a pipeline to transport low-carbon hydrogen, and the

about 3 years ago
Electric boat and ship markets gaining momentum, says IDTechEx
Market Outlooks

Electric boat and ship markets gaining momentum, says IDTechEx

In its new report “Electric Boats & Ships 2024-2044,” technology company IDTechEx has provided granular 20-year forecasts in unit sales, battery demand and battery market value for the electric ferry, electric cargo/container, electric Ro-Ro, electric cruise, electric OSV, electric tugboat and elect

about 3 years ago
Illustration; Source: Wood Mackenzie
Market Outlooks

WoodMac pinpoints five global energy transition themes through Asian lens

Wood Mackenzie, an energy intelligence group, lists five global challenges in the energy transition story from the Asian perspective.

about 3 years ago
Joyce Murray during her visit to the FORCE tidal energy test center (Courtesy of FORCE)
Market Outlooks

Canada launches task force to seize Bay of Fundy’s tidal energy potential

The government of Canada has established a task force on sustainable tidal energy to explore issues and opportunities associated with the deployment of tidal energy projects in the Bay of Fundy.

about 3 years ago
CE Delft: Shipping can slash CO2 emissions by 50% by the end of decade
Market Outlooks

CE Delft: Shipping can slash CO2 emissions by 50% by the end of decade

The global shipping industry can reduce emissions by nearly 50% by the end of the decade, according to a new study by CE Delft.

about 3 years ago
Canada
Market Outlooks

EU urges IMO to set net-zero emissions target for 2050

The European Union (EU) has put forward an ambitious proposal to achieve net-zero emissions in the shipping sector by 2050. On 21 June 2023, the EU Delegation to the UN, together with Denmark, Palau and Samoa, and with the participation of Special Adviser to the UN Secretary-General and ASG of the C

about 3 years ago
Illustration; Source: The International Renewable Energy Agency (IRENA)
Market Outlooks

Annual renewable power must triple by 2030, IRENA claims

In the first volume of the World Energy Transitions Outlook (WETO) 2023, the International Renewable Energy Agency (IRENA) calls for annual renewable power additions of 1,000 GW by 2030 to keep the 1.5°C climate target within reach. More specifically, IRENA identifies the way forward to immediately

about 3 years ago
Illustration; Source: Offshore Energies UK (OEUK)
Market Outlooks

If UK bans new oil & gas exploration licences, what energy games are left to be played?

Is the saga about the Labour Party’s plans for the UK’s oil and gas industry reaching a softer stance while plans for renewables remain firm?

about 3 years ago
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