Nordic energy company Gasum has joined forces with Finnish shipping company Wasaline to build the first large-scale commercial FuelEU Maritime pooling service, providing a way for conventional fuel vessels to save on compliance costs as the regulation enters into force in January 2025. Established t
Plug Power has signed a binding framework agreement with Allied Green Ammonia (AGA) to finalize a supply agreement for three gigawatts (GW) of electrolyzer capacity to AGA’s green hydrogen to ammonia plant in Australia.
Eco Wave Power, a Nasdaq-listed wave energy company, has signed an agreement with I-Ke International Ocean Energy, a subsidiary of Lian Tat, for the first sale of its wave energy unit in Taiwan, which is expected to open the doors to the Asian market for the Middle East-headquartered player. I-Ke wi
The University of Bergen has been granted funding to upgrade the Ægir 6000 deep-sea remotely operated vehicle (ROV), designed for marine research, and associated infrastructure. This upgrade aims to ensure continued reliability, add new functionality, and improve operational efficiency. Since its 20
The FIN-EST Green Corridor, a collaborative initiative between Finland and Estonia aimed at creating a sustainable and climate-neutral maritime corridor in the Gulf of Finland, has approved 19 joint projects that seek to reduce the carbon footprint of ferry journeys between the two countries. The in
A cable-laying vessel (CLV) owned by a joint venture of UK’s Enshore Subsea and Belgian Herbosch-Kiere has brought 31 kilometers of subsea cable to the project site of two links that are part of a program that aims to revolutionize Senegal’s power infrastructure and provide sustainable electricity t
Hercules Tanker Management (HTM), a shipping venture formed by John A. Bassadone, founder and CEO of marine fuels company Peninsula, is expanding its fleet with four new ‘ultra-spec’ tankers capable of supplying methanol and 100% biofuel, with deliveries set to begin in the second quarter of 2025. S
The National Science Foundation (NSF) has awarded $3.6 million in funding to a project that aims to determine the best way to harvest wave energy for coastal communities at Beaver Island, Michigan, and Nags Head, North Carolina, in the U.S. The University of Michigan-led project aims to provide rene
Worley has entered into an agreement with Liquid Wind to provide pre-FEED for Uniper’s NorthStarH2 e‑methanol facility in Östersund, Sweden.
UK-based tidal energy company Proteus Marine Renewables (PMR) has had its cost reduction projections validated with the European Investment Bank (EIB), confirming that the levelized cost of energy (LCoE) reduction forecasts for its AR3000 tidal energy system are achievable. The independent report,
The UK government has confirmed £21.7 billion in funding to establish two major carbon capture and storage (CCUS) clusters over the next 25 years, alongside hydrogen production facilities, in Teesside and Merseyside. According to the UK government, this move will propel the UK towards becoming a gl
Japanese shipping major Mitsui O.S.K. Lines (MOL) has revealed the decision to merge three group subsidiaries responsible for maritime technology and engineering to form a technical hub that will aid the maritime industry on the decarbonization path. Namely, MOL Marine & Engineering (MOLMEC), MOL Oc
Italy’s energy giant Eni has published its first report dealing with methane emissions aiming to reaffirm its promise to reduce methane slip and increase transparency.
A consortium of ten universities, led by the University of Plymouth, is warning that urgent action is required for the UK to meet its 2050 Net Zero target, with significant acceleration needed in tidal, wave, and offshore wind energy growth. The latest report, ORE Outlook 2040, from the Supergen Of
