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Market Outlooks

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Marine warranty surveyor chosen for Australian 750 MW interconnector
Market Outlooks

Landmark agreement signed to progress Australian interconnector

The Australian, Tasmanian and Victorian governments have reached a funding agreement to build the 1,500 MW bi-directional Marinus Link interconnector between Victoria and Tasmania. The Australian government funding is part of the $20 billion Rewiring the Nation plan to transform the country’s electr

about 3 years ago
Illustration/Verdant Power’s three-turbine array mounted on TriFrame (Courtesy of US DOE)
Market Outlooks

United States trumpets the largest ever investment in tidal energy and river current systems

The US Department of Energy (DOE) has announced $35 million in funding to advance river current and tidal energy systems, the largest ever made for these renewable energy technologies in the United States so far.

about 3 years ago
Leviathan
Market Outlooks

BIMCO: EU needs more non-EU scrap yards to handle global shipping demand

The European Union (EU) should approve additional ship recycling facilities outside Europe to meet the demands of the global shipping industry, a report commissioned by BIMCO shows.

about 3 years ago
Sustainable Marine sold Swift Anchors business to newly-established Aquos Schottel Marine Technologies (Courtesy of Sustainable Marine)
Market Outlooks

Sustainable Marine sells Swift Anchors business to German partner

Blue economy solutions provider Sustainable Marine has sold its anchoring and mooring business Swift Anchors to Aquos, a subsidiary of its largest shareholder and long-standing partner Schottel.

about 3 years ago
The MoU signing between HydroWing and Indonesia Power (Courtesy of HydroWing)
Market Outlooks

HydroWing inks deal for tidal energy projects in Southeast Asia

UK-based tidal energy developer HydroWing has signed a memorandum of understanding (MoU) with state-owned company Indonesia Power to support and develop tidal energy projects in Indonesia.

about 3 years ago
OceanEnergy’s OE35 floating wave energy device (Courtesy of OceanEnergy)
Market Outlooks

International wave energy project sets course for demonstration offshore Scotland

A pioneering collaboration between 14 international partners has been established to deliver a €19.6 million wave energy project which aims to be the stepping stone for the commercialization of this emerging clean energy industry worldwide.

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

Tidal stream energy could achieve major cost reductions by 2035, report finds

Tidal stream energy could plummet below £80 (€90) per MWh by 2035 if current opportunity is realized, a new report by ORE Catapult predicts.

about 3 years ago
Concept for Equinox Ocean Turbines technology (Courtesy of Equinox Ocean Turbines)
Market Outlooks

Dutch newcomer steps on the ocean energy scene

Named Equinox Ocean Turbines, a new ocean energy company has been launched in the Netherlands with a clear goal of exploiting the vast potential of ocean currents by using its tidal energy technology designed for low-speed waters.

about 4 years ago
Project kick off meeting with the Port of Barcelona and PowerCon teams (Courtesy of the Port of Barcelona)
Market Outlooks

Danish company lands €5M contract for shore power supply works at BEST terminal

The Port of Barcelona has selected Danish company PowerCon to implement a pilot project that will provide electrical power to ships at the BEST terminal.

about 4 years ago
First turbine delivers power at EOWDC (Aberdeen) offshore wind farm
Market Outlooks

Offshore wind could grow 56-fold by 2050 and significantly contribute to green hydrogen production, DNV’s new report says

Offshore wind capacity could grow 56-fold until 2050, driven by a growing need for decarbonisation and energy security, and decreasing costs. Regarding the latter, bottom-fixed and floating offshore wind levelised costs of energy (LCoE) are forecast to drop by 39 per cent and 84 per cent, respective

about 4 years ago
ZeroNorth
Market Outlooks

ZeroNorth: The shipping industry cannot take decisions in isolation anymore

The shipping industry cannot take decisions in isolation anymore and must understand the true impact of decision-making, according to ZeroNorth, a Denmark-based digital company that aims to accelerate maritime decarbonisation.

about 4 years ago
Illustration (Courtesy of DNV)
Market Outlooks

Energy transition to gather pace in Europe while the rest of the world lags, DNV finds

The heightened focus on energy security and the rising cost of energy is reinforcing the difference in decarbonization speed between Europe and the rest of the world, according to the sixth edition of DNV’s Energy Transition Outlook.

about 4 years ago
Illustration/Mocean Energy’s Blue X wave energy device at EMEC (Photo by Colin Keldie)
Market Outlooks

International agencies release joint paper on ocean energy best practices

International Energy Agency’s Ocean Energy Systems (IEA-OES) and the International Electrotechnical Commission (IEC) have issued a joint publication on best practices for supporting ocean energy technology development and commercialization.

about 4 years ago
EE North America
Market Outlooks

EE North America eyes 10 GW of renewable energy projects in the U.S. by 2026

EE North America, a subsidiary of the Danish renewable energy company European Energy, has unveiled its ambition to develop 10 gigawatts (GW) of renewable energy in the United States by 2026.

about 4 years ago
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