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Market Outlooks

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Illustration/The submerged CalWave’s x1 wave energy device (Courtesy of CalWave Power Technologies)
Market Outlooks

California’s Senate approves wave and tidal renewable energy bill

The California State Senate has unanimously approved a bill that aims to put the state on the path to developing wave and tidal energy as a new source of renewable energy that will help meet its carbon-free targets while bolstering the power grid.

about 3 years ago
Illustration/Floating solar array (Courtesy of Wood Mackenzie)
Market Outlooks

Global floating solar set to go above 6GW by 2031, Wood Mackenzie finds

The global floating solar market is expected to pass the 6GW threshold by 2031, with the Asia-Pacific region showing highest demand, according to the analysis from Wood Mackenzie.

about 3 years ago
Hydrogen Mobility Ireland reports on role of H2-derived e-fuels in maritime
Market Outlooks

Hydrogen Mobility Ireland reports on role of H2-derived e-fuels in maritime

Hydrogen Mobility Ireland (HMI), a group of Irish stakeholders looking to develop the use of hydrogen for transport in Ireland, has issued a report on how the development of a hydrogen ecosystem can facilitate the production of sustainable e-fuels for use in aviation and shipping transport. In the r

about 3 years ago
G7 meeting; Source: International Energy Agency (IEA)
Market Outlooks

G7 upping the green and low-carbon ante while gas is still king of energy throne

The G7 stresses the role gas, especially LNG, can play in propelling the transition to clean energy forward.

about 3 years ago
Gasgrid and Fingrid draft three scenarios for Finnish hydrogen economy
Market Outlooks

Gasgrid and Fingrid draft three scenarios for Finnish hydrogen economy

Gasgrid Finland, a Finnish state-owned company and transmission system operator, and compatriot transmission system operator Fingrid have drafted three different scenarios in the joint project exploring the possibilities of the hydrogen economy and analysing its effects on the Finnish energy system.

about 3 years ago
NGO
Market Outlooks

BIMCO: 15,000 vessels set to be recycled by 2032

Over the next ten years, from 2023 to 2032, more than 15,000 ships with deadweight capacity of more than 600 million tonnes are expected to be recycled, more than twice the amount recycled in the previous ten years, BIMCO estimates. As recycling volumes increase, it is increasingly important that th

about 3 years ago
Modular offshore platform; Source: Aquaterra Energy
Market Outlooks

In with green hydrogen, out with black gold: Will this be a blueprint for the Middle East’s energy transition or is there something else in store?

The Middle East is pivoting towards renewables and green hydrogen while building a more sustainable oil and gas sector.

about 3 years ago
The signing of the contract for Ubol Ratana Dam hydro-floating solar hybrid (Courtesy of EGAT)
Market Outlooks

Consortium forms to deliver 24MW hydro-floating solar hybrid in Thailand

Electricity Generating Authority of Thailand (EGAT) has signed a contract with an industry consortium for the development of hydro-floating solar hybrid project at Ubol Ratana Dam in Thailand.

about 3 years ago
Illustration (Courtesy of ICE)
Market Outlooks

Tidal energy scheme in Liverpool eyes consenting management services

Liverpool City Region Combined Authority (LCRCA) is looking to secure consenting management services to advance the development of the Mersey tidal range project.

about 3 years ago
Illustration/ SIMEC Atlantis’ AR1500 tidal turbine for MeyGen project off Scotland (Courtesy of SIMEC Atlantis)
Market Outlooks

Crown Estate Scotland seeks consultants to manage wave and tidal energy operators panel

Crown Estate Scotland has launched a tender for a consultant that would act as the manager of wave and tidal energy operators panel.

about 3 years ago
Artist’s impression of QED Naval’s next-gen Subhub-ID tidal platform (Courtesy of QED Naval)
Market Outlooks

QED Naval invites bids for Subhub tidal energy industrial demonstrator

Scottish marine energy specialist QED Naval has invited potential tenderers to participate in an opportunity to be a strategic partner in developing its next generation Subhub industrial demonstrator platform for tidal energy generation.

about 3 years ago
HMM Nuri
Market Outlooks

Report: HMM linked to potential acquisition of Hyundai LNG Shipping

South Korean shipping behemoth HMM has reportedly entered the fray in the race to acquire Hyundai LNG Shipping, the nation’s leading transporter of liquefied natural gas (LNG). Market reports indicate that HMM has made its intentions known to IMM Private Equity, expressing its desire to conduct due

about 3 years ago
MSC Noa Ariela
Market Outlooks

MSC sets record as 1st ocean carrier to hit 5 mil TEU in fleet capacity

In a groundbreaking milestone for the global shipping industry, Mediterranean Shipping Company (MSC) has emerged as the first ocean carrier to surpass a staggering 5 million TEU (twenty-foot equivalent units) in fleet capacity, as confirmed by analysts at Alphaliner. The impressive feat highlights M

about 3 years ago
Illustration/Visualization of proposed Larantuka Strait tidal turbine array (Courtesy of SBS)
Market Outlooks

Indonesian utility appoints SBS as technical advisor for tidal energy projects

State-owned PLN Indonesia Power (IP) has appointed British tidal energy specialist SBS as its technical advisor for tidal energy projects in Indonesia.

about 3 years ago
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