The consortium partners behind Project Greensand have taken the final investment decision (FID) for what is the first full-scale carbon storage facility in the EU, investing $150 million in commercial agreements across the entire value chain, from CO2 emitters to logistics, storage, and shipping. On
UK-headquartered Subsea Technology & Rentals (STR) has entered into an investment deal with STAR Capital Partnership as part of its growth strategy. STAR Capital Partnership has become STR’s new majority shareholder, with the investment set to enable the UK firm to further evolve its equipment and s
The Dutch Marine Energy Centre (DMEC) has unveiled a market report forecasting that tidal and wave energy could anchor Europe’s green transition and bring billions in market value by 2050, however, there are certain challenges that need to be surpassed for them to reach their potential. Leveraging h
Wave energy developer Eco Wave Power and EDF Renewables have unveiled what is said to be the Middle East’s first grid-connected wave energy power station at Jaffa Port. According to Eco Wave Power, the installation, now operational, has begun exporting clean electricity to the national grid under a
Denmark-headquartered power cable manufacturer and installation firm NKT has appointed ABB to electrify its high-voltage submarine power cable factory in Karlskrona, Sweden. To remind, on the back of a record order backlog and strong market outlook, NKT announced investments in a new cable-laying ve
China’s ZTT Submarine Cable & System has delivered what it says is Croatia’s first submarine cable installation in over four decades, a project described as a historic and ESG-focused milestone as it aims to modernize the country’s energy system. For the Cortia Submarine Cable Project, ZTT delivered
The U.S. Patent and Trademark Office has granted the U.S.-based marine energy company C-Power a patent for its SeaRAY ocean energy converter. According to C-Power, the patent, which stems from a customer-driven design process, validates the SeaRAY technology as a unique innovation in the ocean energ
Norway’s ABL Group has entered into an agreement to acquire Proper Marine, a Brazilian naval architecture and engineering consultancy, with the aim of bolstering its design and engineering capabilities. According to ABL Group, the acquired company will integrate with the Norwegian company’s existin
Norway-based Imenco Future Technologies has appointed Daniele Petrone as its new CEO, effective December 1, 2024, taking the reins from Alan Buchan, who will retire by the end of June 2025. According to Imenco, Petrone’s career includes over 20 years of experience in the offshore and subsea industri
UK-based grid-scale battery energy storage developer Kona Energy has outlined a seven-point plan in its connection reform consultation response, calling for achievable targets to boost investor confidence by implementing the UK’s connection reform process to avoid undermining energy security and inv
The Netherlands-based Enersea has expanded its corporate portfolio with the introduction of its third sister company, unveiled during the opening day of the Offshore Energy Exhibition & Conference (OEEC) in Amsterdam, Netherlands. Dieter Korndörffer, Managing Consultant at Enersea, unveiled the laun
London-based tidal energy developer Spiralis Energy has launched its national ‘Tides2Tea’ campaign, which aims to raise public awareness and support for tidal energy, setting the stage for 2025 testing in Alderney waters. By linking the campaign to something as ordinary as brewing a cup of tea, the
A wholly owned principal subsidiary of Chinese state-owned electric utility corporation State Grid Corporation of China (SGCC) has purchased a 20% share in a subsidiary owned by Greek transmission system operator (TSO) Independent Power Transmission Operator (IPTO or ADMIE), thereby entering what is
Denmark-headquartered power cable manufacturer and installation firm NKT is nearing completion of its expansion project in Alingsås, Sweden, with access to the test hall and new buildings set for next month. NKT announced it was expanding its operations in Alingsås to boost the production capacity o
