Swedish wave energy developer NoviOcean is carrying out sea trials of its hybrid offshore renewable energy platform, which combines wave, wind, and solar energy technologies, as part of the journey toward commercial deployment. The 10×6-meter N03 prototype has been operating in open water east of St
Canada-headquartered marine technology player Kraken Robotics has closed the acquisition of the UK’s Covelya Group for approximately CA$615 million, resulting in geographic expansion and improved business diversification, among other things. Covelya Group designs, manufactures, sells and supports hi
Ocean energy can supply 13% of global electricity demand, as well as produce 21% of current EU consumption – more than fossil gas or hydroelectricity today, according to a new report from Ocean Energy Europe (OEE). Launched on June 29, Ocean Energy: The Largest Untapped Renewable Resource, described
Shenzhen Port Group and Bureau Veritas Marine & Offshore have signed a strategic cooperation agreement to jointly advance the development of green shipping corridors. Under the agreement signed in Shenzhen, China, the parties plan to use their respective strengths and resources to deepen collaborati
Nexans has completed the manufacturing and factory acceptance testing (FAT) of 100 kilometers of subsea cable for the second electrical interconnector between Malta and Italy, with the cable now ready for load-out and installation. The IC2 interconnector will consist of a new 122-kilometer-long, 225
Dutch offshore floating solar company SolarDuck and the Maritime Research Institute Netherlands (MARIN) have secured a €3.2 million subsidy from the Netherlands Enterprise Agency (RVO) to develop an offshore floating power hub for remote subsea assets. The Steady Seas research program will advance t
Irish maritime company Mainport Shipping has christened its hybrid survey and remotely operated vehicle (ROV) support vessel, now set to begin a long-term charter with N-Sea Group. N-Sea signed a long-term charter agreement with Mainport Shipping at the end of 2024 for the delivery of Geo Master, bu
The UK National Grid has launched a public consultation in North Wales for Western Link 2, a new subsea electricity connection that will link Scotland and Wales. The project, jointly developed by National Grid and Scottish Power Energy Networks (SPEN), will be approximately 340 kilometers long and w
Italy’s Prysmian has secured a framework agreement with Greek electricity grid operator Independent Power Transmission Operator (IPTO) valued at around €910 million for the development of electrical interconnections for the Dodecanese and North Aegean islands in Greece. Prysmian will design, manufac
Brazil’s state-controlled oil company Petrobras has placed a $427 million order with the Estaleiro Rio Grande shipyard for the construction of four medium-range oil tankers that will transport oil and petroleum products along the Brazilian coast. The contract was signed through Petrobras Transporte
Italian cabling giant Prysmian has received the notice to proceed for the construction of the submarine power interconnection between Italy and Tunisia. The Elmed project will be the first direct current connection between Europe and Africa and will run from the Partanna electrical substation in Sic
Australian green technology, energy, and metals company Fortescue is set to charter a fleet of 12 ammonia-capable vessels from Bocimar, CMB.TECH’s dry bulk shipping operator, under a newly signed agreement. Fortescue will charter 12 Newcastlemax dry bulk vessels (210,000 dwt), with up to three to be
Norway’s Ocean Sun has secured approximately NOK 2.1 million (around €193,000) in EU funding for a floating solar demonstrator project in La Palma, one of Spain’s Canary Islands. The 310 kWp La Palma demonstrator, located at the port of Tazacorte, will combine renewable energy from an Ocean Sun FPV
Dutch integrated subsea solutions service provider N-Sea Group has appointed former Chief Operating Officer (COO) Pim Nelemans as its new Chief Executive Officer (CEO) after Martin Adler stepped down. Adler, who was the company’s CEO over the past five years, will remain as N-Sea’s shareholder and C
