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Market Outlooks

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Illustration; Source: Shell
Market Outlooks

Shell on decarbonisation quest plans to dish out $10-15 billion in low-carbon energy by 2025

Shell has decided to step up its decarbonisation efforts by boosting its low-carbon energy solutions business with investments of $10-15 bln.

about 3 years ago
The signing of strategic agreement for wave energy farms in India (Courtesy of Havkraft/Photo by frequency.no)
Market Outlooks

Norwegian wave energy company sets out to explore large-scale projects in India

Norwegian wave energy company Havkraft and Indian independent power producer Opera Energy have entered into strategic agreement to investigate the potential for the deployment of wave energy farms across various sites in India.

about 3 years ago
Lithuanian KN has new long-term strategy focused on energy transformation and climate neutrality
Market Outlooks

Lithuanian KN has new long-term strategy focused on energy transformation and climate neutrality

Lithuanian LNG terminal operator Klaipedos Nafta (KN) has introduced its new corporate strategy for the period 2023-2050 which is centred around the efficiency of current activities, preparation for the energy transformation and transition towards activities in the new energy field. The strategy, wh

about 3 years ago
Global OTEC’s 1.5MW floating OTEC platform named Dominique (Courtesy of Global OTEC)
Market Outlooks

Grenada hosts OTEC power talks

Focusing on its renewable energy transition, the government of the Caribbean island state of Grenada held a roundtable discussion on ocean thermal energy conversion (OTEC), under the banner of the Global Ocean Energy Alliance (GLOEA).

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

Golden Triangle and Mediterranean to spearhead rise in rig demand

Wood Mackenzie anticipates floating rig demand to skyrocket by a further 20 per cent over the next two years.

about 3 years ago
Raymond Alcorn, CEO and founder of Exceedence (Courtesy of Exceedence)
Market Outlooks

Exceedence announces crowdfunding campaign

Irish fintech company Exceedence, which has developed a software to speed up the rollout of offshore wind, wave and tidal energy projects, has unveiled plans to launch a crowdfunding campaign on Seedrs platform.

about 3 years ago
Illustration (Courtesy of ORE Catapult)
Market Outlooks

Industry taskforce to develop guide on seabed change effects on offshore renewables

The Offshore Renewable Energy (ORE) Catapult has joined forces with leading offshore wind developers and seabed mobility experts to provide clear guidance on seabed change and how it affects offshore wind and marine energy projects.

about 3 years ago
The SeaRAY AOPS (Courtesy of C-Power)
Market Outlooks

C-Power set to launch SeaRAY AOPS for ocean trials in Hawaii

US-based marine energy company C-Power has completed the preliminary trials of its SeaRAY autonomous offshore power system (AOPS), that will soon be deployed for a six-month pilot project at the US Navy’s Wave Energy Test Site (WETS) off the Hawaii coast.

about 3 years ago
Johan Sverdup field in the North Sea; Credit: Lizette Bertelsen & Jonny Engelsvoll/Equinor
Market Outlooks

Speed and scale of ‘fragmented’ energy transition not up to par with net-zero by 2050 targets

Equinor outlines in its new report that the 1.5-degree goal set in the Paris Agreement is becoming increasingly difficult to achieve.

about 3 years ago
Illustration/The AR1500 tidal energy turbine (Courtesy of SIMEC Atlantis Energy)
Market Outlooks

Alderney invites bids for new tidal energy projects

The government of Alderney has invited global tidal energy developers to submit proposals on how they would harness the estimated 3GW of tidal energy resources around the northernmost Channel island.

about 3 years ago
Huge potential puts Oman on track to become sixth-largest hydrogen exporter by 2030
Market Outlooks

Huge potential puts Oman on track to become sixth-largest hydrogen exporter by 2030

In a first-of-its-kind report, International Energy Agency (IEA) has presented how rich renewable resources and vast land expanses could make Oman a competitive low-emissions hydrogen supplier by 2030. The report called Renewable Hydrogen from Oman: A Producer Economy in Transition is the first IEA

about 3 years ago
Shipping
Market Outlooks

GCMD survey unveils decarbonization blind spots: Industry cannot decarbonize without conservatives

Singapore-based Global Centre for Maritime Decarbonization and Boston Consulting Group have revealed major insights from the Global Maritime Decarbonization Survey during a presentation held at Nor-Shipping 2023’s Tradewinds Ocean Stage. The survey sheds light on the current state of maritime decarb

about 3 years ago
Ciel & Terre’s 73.4MWp Kayamkulam floating solar plant in India (Courtesy of Ciel & Terre)
Market Outlooks

French company becomes GW-scale floating solar player

France-based company Ciel & Terre has exceeded 1.5GWp of floating solar projects in its pipeline, claiming the world-record for the company with the most floating solar plants constructed in the world.

about 3 years ago
Tidal turbine foil made for ORPC device as part of CRIMSON Project (Courtesy of ÉireComposites)
Market Outlooks

CRIMSON tidal energy project enters next phase

The EU-backed CRIMSON project has moved to the next stage with the delivery of new foils for ORPC’s tidal energy turbine.

about 3 years ago
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