Swedish green electrofuel development company Liquid Wind has raised €15.2 million in Series B financing that will build its capabilities and develop projects for decarbonising the maritime industry. Liquid Wind said that the existing investors Uniper, Alfa Laval, Siemens Energy, Topsoe, Elyse and o
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.
Grimaldi Group has secured two loans, totaling €70 million, from the Intesa Sanpaolo bank for the purchase of two vessels belonging to the Grimaldi Green 5th Generation (GG5G) class.
Danish renewables developer European Energy has received €53 million from the Danish Green Investment Fund (DGIF) for its upcoming Power-to-X (PtX) facility in Kassø, which will be the largest e-methanol facility in the world to date. The financing from the fund is part of the total investment in th
Tidal stream energy could plummet below £80 (€90) per MWh by 2035 if current opportunity is realized, a new report by ORE Catapult predicts.
As the maritime industry explores scalable and viable options to replace fossil fuels, biodiesel is the only readily available drop-in alternative right now, according to Stolt-Nielsen’s Head of Sustainability. Last week, Bill Bryant spoke at the Maritime and Port Authority of Singapore’s (MPA) bunk
The countries pursuing net-zero goals are grappling with surging prices while also trying to find ways to keep on track with the green energy infrastructure projects.
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.
Belgian North Sea Port and Swedish Port of Gothenburg have come together to establish a green corridor, aiming toward using alternative fuels for seagoing vessels by 2025. The green corridor was launched on Gothenburg Port Day on 12 October, when the CEOs of the Gothenburg Port Authority and North S
Teck, Neptune Terminals, and SAAM Towage have formed partnership to deploy Canada’s first electric tugs in the Port of Vancouver, expected to significantly reduce greenhouse gases and underwater noise emissions.
Sempra Infrastructure has signed heads of agreement (HOA) with Avangrid, a member of the Iberdrola Group, for the potential joint development of US green hydrogen and ammonia projects powered by renewable sources. Under the agreement, the companies will identify, appraise, and potentially develop la
British energy company BP has submitted a bid for its proposed large-scale green hydrogen production facility, HyGreen Teesside, and secured new deals with potential off-takers in the Teesside area. The aim of the HyGreen Teesside project is to be one of the biggest green hydrogen facilities in the
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.
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
