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(offshoreWIND.biz) California-based floating wind technology developer, Aikido Technologies, has secured USD 4 million (approximately EUR 3.7 million) in seed funding to advance its platform technology and establish pilot projects. The financing was led by Azolla Ventures with participation from Propeller Ventures, Sabanci Climate Ventures, Cisco Foundation, Anthropocene Ventures, and others. Aikido said that it will... Continue Reading →
(offshoreWind.biz) According to a recent report from Rystad Energy, continental Europe will see the installation of 137 offshore substations over the coming decade, with an estimated total investment of USD 20 billion (approximately EUR 18.6 billion). According to the report, over 120 substations will be installed between 2024 and 2030 at a cost of around... Continue Reading →
(offshoreWind.biz) The US Bureau of Ocean Energy Management (BOEM) is seeking ideas for baseline environmental and socioeconomic studies to inform its decisions on potential offshore wind energy activities in the US territories. To formally request ideas for baseline environmental and socioeconomic studies, the bureau has issued a request for Letters of Interest (LOI). In addition,... Continue Reading →
(OE) Dutch thermoplastic composite pipe (TCP) technology company Strohm has secured $21.4 million ($20 million) investment from SENCO Hydrogen Capital, aimed at boosting its growth trajectory focused on hydrogen and carbon capture utilization and storage (CCUS) applications. The partnership between the two companies also seeks to reduce carbon footprint in the pipeline infrastructure for conventional... Continue Reading →
(OE) Back-deck engineering specialist Maritime Developments (MDL) has appointed Derek Lynch as Market Development Manager – Renewables as part of its diversification strategy aimed to strengthen the commitment to renewable energy market. With over 30 years’ experience across various energy markets and sectors, Lynch brings with him extensive track record in developing and delivering diversification... Continue Reading →
(Offshore-energy.biz) As looming political uncertainty prepares the world for the incoming tsunami of elections, optimism still runs strong in the energy industry, especially within the oil and gas sector. While rising costs and supply chain disruptions are putting at risk the viability of many projects and dampening the short-term optimism for electrification and renewables, a new... Continue Reading →
(OE) Zeevonk, a joint venture of Copenhagen Infrastructure Partners (CIP) and Vattenfall, has secured a permit to build 2 GW offshore wind farm in the Netherlands, which will be co-located with floating solar farm and feature green hydrogen production system. The IJmuiden Ver Beta project will include a 50 MWp floating offshore solar farm on... Continue Reading →
(Offshore-energy.biz) Hitachi Energy is planning to invest an additional $4.5 billion in manufacturing, engineering, digital, R&D and partnerships by 2027, doubling the investments done in the last three years, to accelerate the energy transition. The investment, complementing the recently announced $1.5 billion investment to ramp up global transformer production, is expected to enable Hitachi Energy to meet... Continue Reading →
Norwegian shipbuilder Vard has launched a 171-meter-long cable laying vessel (CLV) Monna Lisa, being built for Prysmian, marking another major milestone towards the delivery of the vessel, scheduled for 2025. Prysmian executives gathered at the VARD shipyard in Tulcea, Romania to celebrate the launching of the new CLV Monna Lisa, the sister ship to the... Continue Reading →
(OE) Marine seismic acquisition firm Shearwater Geoservices and ocean data company XOCEAN have entered strategic collaboration to explore opportunities in carbon capture and storage (CCS) and offshore wind markets. Building on the successful joint delivery of several large data campaigns, Shearwater and XOCEAN are now jointly exploring technology and operational synergies to provide integrated data... Continue Reading →
Brazil Energy Insight 