Swedish tidal energy developer Minesto has reported a total operating income of almost SEK 45.6 million (around €4 million) for the 2023 financial year, a slight decline from SEK 45.7 million in 2022. Minesto’s operating loss was almost SEK 28.7 million, as opposed to SEK 23.7 million reported for 2
A satellite has been launched to glean insight into methane emissions, focusing first on oil and gas operators.
Liverpool City Region’s Mayor has presented the UK’s “first of a kind” barrage scheme between Wirral and Liverpool for the city region’s flagship Mersey Tidal Power project. Said to have the potential to become the “world’s largest” tidal scheme, the Mersey Tidal Power project would potentially crea
UK systems design house Smart Green Shipping has commenced on-land testing of FastRig, a wingsail that harnesses wind power to deliver thrust to the ship and can reduce shipping emissions by up to 30%.
Jan De Nul Group has purchased an electric remotely operated vehicle (ROV) from UK subsea engineering and technology company SMD for what is said to be the world’s largest cable-laying vessel (CLV). SMD’s Quantum EV will be integrated into Jan De Nul’s new CLV Fleeming Jenkin and deployed to offshor
Marine hydrogen fuel cells have emerged as one of the zero-emission solutions that is fast maturing. With their commerciality improving, the popularity of fuel cells is yet to grow amid the global fight to decarbonize shipping.
A tidal turbine made to operate in remote communities has been tested and utilized at Wales’ Marine Energy Test Area (META). Swansea University researchers, under the leadership of Professor Ian Masters, are developing the device. Testing is conducted at META’s Warrior Way site in Pembroke Dock. “It
A research team from National Korea Maritime & Ocean University in South Korea has developed a new control method that can optimize autonomous ship navigation.
Marine energy technology company Minesto has inked a collaborative agreement with Hydrokite Project Development, an ocean current and tidal energy project developer, to bring its technology to markets in Australia and New Zealand. The broadened market presence in Australia and New Zealand is directe
As part of President Biden’s Investing in America agenda, the U.S. Department of Energy (DOE) has announced $750 million for 52 projects across 24 states to support the hydrogen industry. According to DOE, these projects, funded by the President’s Bipartisan Infrastructure Law, will help advance ele
Scotland-based renewable energy company Orbital Marine Power has been confirmed as the technology partner for Orcas Power & Light Cooperative (OPALCO)’s proposed site off Blakely Island in Rosario Strait, Washington State. Building on a memorandum of understanding (MOU) signed in 2021, the news foll
UK-based maritime autonomy solutions company Exail has introduced its transoceanic uncrewed surface vessel (USV), the Drix 0-16, that can deploy multiple payloads and subsea assets. With an autonomy of 2,500 Nm and a “unique naval architecture”, this USV can endure harsh ocean conditions and was eng
Thyssenkrupp nucera, the hydrogen business of German-based engineering company thyssenkrupp, and the German Fraunhofer Institute for Ceramic Technologies and Systems (IKTS) have agreed on a strategic partnership in solid oxide electrolyzer cell (SOEC) technology for large-scale hydrogen production.
Oman LNG and Japanese engineering and technology company Hitachi Zosen Corporation have concluded a memorandum of understanding (MoU) to cooperate in the field of methanation as part of the carbon recycling, hydrogen, ammonia, and methanation collaboration between the Japanese and Omani governments.
