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Market Outlooks

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A photo of the Sealhyfe offshore green hydrogen production platform next to the Floatgen floating wind turbine
Market Outlooks

In focus: CCS and renewables leading the energy transition race

The summer holiday season doesn’t seem to be slowing down the activities of the global energy sector. Energy companies are still moving strongly towards a low-carbon and sustainable future, with carbon capture and storage (CCS) and renewables serving as the main topics of the conversation. TotalEner

about 3 years ago
Wavepiston's wave energy technology (Courtesy of Wavepiston)
Market Outlooks

Wavepiston and university partners get €2M grant for wave energy project

Danish company Wavepiston and its two university partners have secured a government grant of over €2 million for a wave energy research project.

about 3 years ago
The partnership aims to position Wales at the forefront of the international marine energy industry (Courtesy of Marine Energy Wales)
Market Outlooks

Welsh marine energy gets a boost with new collaboration deal

Marine Energy Wales and Morlais have signed a memorandum of understanding to enhance their collaborative efforts and accelerate growth of the marine energy sector.

about 3 years ago
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
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