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Market Outlooks

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ISWEC wave energy device deployed in the Mediterranean (Courtesy of Eni)
Market Outlooks

Eni installs wave energy device offshore Italy

Italian energy giant Eni has completed the installation of ISWEC wave energy device off the coast of Pantelleria island in the Mediterranean Sea.

about 3 years ago
The MoU signed to advance renewable energy in Thailand (Courtesy of Shizen Energy Group)
Market Outlooks

Japanese renewable energy developer eyes Thai floating solar potential

Shizen International (Thailand), a subsidiary of Japan-based renewable energy developer Shizen Energy Group, has signed a memorandum of understanding (MoU) with Sena Solar Energy to collaborate on the development of renewable energy in Thailand, including the creation of new floating solar plants.

about 3 years ago
Westwood: Future of UK’s bountiful hydrogen pipeline rests on government shoulders
Market Outlooks

Westwood: Future of UK’s bountiful hydrogen pipeline rests on government shoulders

In its latest hydrogen whitepaper, Westwood Global Energy, an energy market research and consultancy firm, warns that lack of certainty in government policy could hinder the progress of projects in the UK’s hydrogen pipeline. Westwood’s Hydrogen Scale-up white paper, which explores the key factors p

about 3 years ago
Gasum bolsters presence in the Netherlands for new opportunities in LNG maritime market
Market Outlooks

Gasum bolsters presence in the Netherlands for new opportunities in LNG maritime market

Nordic energy company Gasum is strengthening its presence in the ARA region by registering for business in the Netherlands through its Swedish entity Gasum AB. Gasum AB has been entered into the Dutch trade register in February this year. The company said that being registered as a legal entity in t

about 3 years ago
Mocean Energy’s Blue X deployment to Copinsay (Courtesy of Mocean Energy/Photo by Colin Keldie - EMEC)
Market Outlooks

Wave power for subsea equipment demo starts off Orkney

An ambitious collaborative project to power subsea equipment with wave power and subsea energy storage, led jointly by Mocean Energy and Verlume with other consortium partners, has taken to the seas in the north of Scotland.

about 3 years ago
Illustration; Source: Worley
Market Outlooks

In focus: Tackling energy trilemma with oil & gas industry calling the shots

With the global oil and gas industry’s income skyrocketing to nearly $4 trillion in 2022, many are of the opinion that this sector holds the purse strings. Will it tighten or loosen them to invest a considerable chunk in the clean energy transition?

12 minutes read
Brad Buckham from PRIMED showcasing a similar type of buoy-based wave data collection platform that will be deployed in the waters off Yuquot (Photo courtesy of UVic Photo)
Market Outlooks

Canadian wave energy project gets over $700K funding boost

University of Victoria’s Pacific Regional Institute for Marine Energy Discovery (PRIMED) has secured C$1 million ($730,000) grant to progress a renewable energy microgrid project incorporating a wave energy device on Nootka Island in British Columbia.

about 3 years ago
Neptune Energy commits to Extractive Industries Transparency Initiative
Market Outlooks

Neptune Energy commits to initiative bolstering tax revenue accountability of natural resources

Oil and gas company Neptune Energy has committed to the Extractive Industries Transparency Initiative (EITI) which aims to improve accountability for the revenues paid and received for a country’s oil, gas and mineral resources. Neptune Energy said that becoming a formal supporting company builds on

about 3 years ago
Illustration (Screenshot/Video by TotalEnergies)
Market Outlooks

TotalEnergies, Holcim Belgium probe floating solar for heavy industry decarbonization

TotalEnergies and Holcim Belgium have taken the first step towards decarbonization of Obourg cement plant in Belgium with the development of a floating solar farm that will supply clean power for the facility.

about 3 years ago
CorPower's C4 wave energy device ahead of deployment off Portugal (Courtesy of CorPower Ocean)
Market Outlooks

CorPower wraps up preparatory trials ahead of C4 wave energy device deployment

Swedish company CorPower Ocean has completed load-out and towing trials for its C4 wave energy device, ahead of upcoming deployment offshore Portugal.

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

EIA calls for new approach: Throwing carbon prices into the mix to unveil fossil fuel subsidies

The International Energy Agency (IEA) has outlined a new price gap-plus approach that could bring carbon prices and environmental costs into the equation.

about 3 years ago
Illustration; Source: DNV
Market Outlooks

Security of supply to surpass clean and affordable parts of energy trilemma in 2023, says DNV

DNV, a Norway-based classification society, which predicts that energy security will be the top priority in the energy trilemma this year.

about 3 years ago
Illustration/Sabella’s D10 tidal turbine (Courtesy of Sabella)
Market Outlooks

OEE: Europe’s industrial leadership in ocean energy increasingly at risk

Weakening competitiveness in ocean energy is a warning sign for Europe’s global cleantech ambitions as its industrial leadership in ocean energy becomes increasingly at risk, warns Ocean Energy Europe (OEE) in its latest statistics report for 2022.

about 3 years ago
Solstad agrees three-year service deal with compatriot Port Vantage
Market Outlooks

With over €300 million in contracts, Solstad reports highest-ever quarterly order intake

Offshore energy clients have been spoiled over the last 7-8 years with all types of vessels being always available at a low price, however, this could quickly change, Solstad Offshore’s CEO Lars Peder Solstad stated as the company had reported its highest-ever quarterly order intake for the fourth q

about 3 years ago
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