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Market Outlooks

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Vertical-axis tidal turbine in the Piscataqua River's site (Courtesy of NREL/Photo by Casey Nichols)
Market Outlooks

US researchers team up to collect and share experimental data on vertical-axis tidal turbine

Researchers from the National Renewable Energy Laboratory (NREL) and the University of New Hampshire have partnered up to develop tools and collect data on the operation of vertical-axis tidal turbine in an effort to accelerate the development of tidal energy industry.

about 3 years ago
Levi Kilcher, a senior scientist who helped launch the Marine Energy Atlas, demonstrating new Marine Energy Atlas’ features (Courtesy of NREL/Photo by Taylor Mankle)
Market Outlooks

Revamped Marine Energy Atlas as tool for greater energy autonomy of US communities

The Marine Energy Atlas, developed by leading United States’ research laboratories, has been updated with new features to make it easier for communities to decide how and where to incorporate marine energy into their power mix.

about 3 years ago
Global Maritime Services offers FSRU and LNG marine advisory service
Market Outlooks

Global Maritime Services offers FSRU and LNG marine advisory service

UK-based maritime service provider Global Maritime Services has launched a marine advisory service for floating storage and regasification unit (FSRUs) and liquified natural gas (LNG) sector ventures.

about 3 years ago
Graeme Harrison, HIE; Neil Kermode, EMEC; and Michael Matheson MSP in front of 48 Invinity VS3 modules on site (Courtesy of Invinity Energy Systems/Photo by Colin Keldie)
Market Outlooks

Energy storage system for tidal power-to-hydrogen research project energized in Orkney

Invinity Energy Systems has energized a 1.8MWh VS3 flow battery system at the European Marine Energy Centre (EMEC) hydrogen facility, as part of a tidal power-to-green hydrogen research project.

about 3 years ago
Oil & gas maintenance managers facing equipment and procedure challenges
Market Outlooks

Oil & gas maintenance managers facing equipment and procedure challenges

In a recent study, the oil & gas maintenance managers have voiced concerns over growth in procedures and the lack of equipment reliability.

about 3 years ago
Maersk Valiant drillship
Market Outlooks

Utilisation for 7th-gen drillships now close to full capacity, Maersk says

Maersk Drilling believes that the global floater market will continue to benefit from an ongoing recovery.

about 4 years ago
Prosafe
Market Outlooks

Focus on energy transition to spur offshore accommodation demand

Offshore accommodation rig provider Prosafe believes that the focus on energy transition will contribute to further demand.

about 4 years ago
Minesto’s first Dragon Class tidal power plant ‘Dragon 4’ (Courtesy of Minesto)
Market Outlooks

Minesto grows half-year loss

Swedish marine energy company Minesto has recorded a wider net loss for the first six months of 2022, as opposed to the same period a year earlier.

about 4 years ago
Tidal turbine deployment at BTTS (Courtesy of MRECo)
Market Outlooks

Massachusetts tidal test site gets license extension

The Bourne Tidal Test Site (BTTS), located at Cape Cod Canal in Massachusetts, has received approval from the US Army Corps of Engineers (USACE) for the renewal of license for tidal energy technology testing.

about 4 years ago
ULSTEIN THOR ready to repower another vessel
Market Outlooks

Was maritime industry too quick to discard nuclear power? Emerging initiatives are proving it wrong.

The quest for zero-emission fuels is dominating the decarbonization narrative in the maritime industry today. Ammonia and hydrogen are at the top of the candidate list for the future fuel mix. However, there are numerous challenges in establishing a scalable production of green hydrogen and green am

about 4 years ago
Port of Milford Haven’s vision for the Milford Haven Waterway is to play a vital role in driving new green growth across the region (Courtesy of Port of Milford Haven)
Market Outlooks

Port of Milford Haven starts modernization works to accommodate marine renewables industry

Port of Milford Haven has broken ground on key phase of Pembroke Port’s modernization project, whose aim is to adapt the port infrastructure to the needs of the growing marine renewable energy industry in the region.

about 4 years ago
Michael Matheson at EMEC site on Eday with hydrogen transport trailer (Courtesy of EMEC)
Market Outlooks

EMEC collects funding for green hydrogen logistics

The European Marine Energy Centre (EMEC) has been awarded over €500,000 to secure two hydrogen tube trailers that will contribute towards the improved hydrogen supply in Orkney.

about 4 years ago
Concordia Maritime
Market Outlooks

Concordia Maritime: Tanker to containership conversion project put on hold

Swedish tanker shipping company Concordia Maritime has decided to put on hold the project that has been exploring the feasibility of converting a tanker into a containership.

about 4 years ago
HelioRec’s floating solar pilot in the Port of Oostende (Courtesy of HelioRec)
Market Outlooks

Floating solar start-up goes after seed money

French start-up HelioRec has opened a seed funding round, whose proceeds will be used to further advance its floating solar technology and business.

about 4 years ago
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