Monday, July 15, 2024

Energy System News

CorPower Ocean Debuts "Commercial Scale" Wave Energy

CorPower Ocean unveiled the CorPower C4, its first commercial scale Wave Energy Converter (WEC) and CorPack clusters, which the company contends will provide the building blocks for utility scale wave farms.Ultimately, the new CorPower C4 device will form part of a four-system wave array, off the coast of Aguçadoura, Portugal…

Hydrogen at Risk of Being Missed Opportunity, According to DNV Report

Remi Eriksen, Group President and CEO of DNV. Image courtesy DNV

Hydrogen has a crucial role in decarbonizing the world’s energy system, but uptake will be too slow. Governments need to make urgent, significant policy interventions, according to a new report by DNV.In Hydrogen Forecast to 2050, DNV predicts the amount of hydrogen in the energy mix will be only 0.5% in 2030 and 5% in 2050.

TES Wilhelmshaven Import Terminal Deemed a 'Priority Project'

(Image: TES)

Tree Energy Solutions’ (TES) import terminal has been included in the list of priority projects supported by the German Government’s LNG Acceleration law. The law was passed by parliament on May 19th, 2022 and was approved by the Federal Council on May 20th, 2022. The aim of this law is to accelerate the implementation…

Sustainable Marine Preps to Feed Tidal Energy into Nova Scotia Grid

Image courtesy Sustainable Marine

Sustainable Marine is poised to push the button and feed zero emission electricity generated from the tidal flows in the Bay of Fundy into the Nova Scotia grid, an achievement that follows several months of intense activity in the Bay of Fundy by Sustainable Marine’s Canadian, British and German team, supported by an international…

Wave Energy Developer Plots Strong Growth Plan in '22, IPO in '23

INGINE Business Development Director Dae Hyun Kim. Photo courtesy INGIE

South Korean wave energy developer INGINE revealed ambitious growth plans for 2022,its10th anniversary.Today the company is approaching a landmark fifth year of wave energy operation in North East Asia, via the Jeju Bukchon Wave Power Plant built in 2015. Additional international projects will see expansion across four…

Ship Emissions: MIT Takes the Lead Toward Net Zero

“Even if you’re not going to put hydrogen on ships, hydrogen may be involved in producing that synthetic fuel. We have a number of projects underway that are tackling the question of hydrogen, including a project we’re starting now looking at pathways towards gigaton scale, low carbon hydrogen production.”
Randall Field, Executive Director, MITEI Future Energy Systems Center Photo courtesy MIT/Randall Field

The MIT Energy Initiative (MITEI) launched a new research consortium—the Future Energy Systems Center—to address the climate crisis and the role energy systems can play in solving it. Randall Field, Executive Director, discusses current research and the challenges ahead for the maritime sector.The reputation of the Massachusetts…

Tech File: SHI Develops onboard Carbon Capture System

An SHI-built LNG carrier. Photo courtesy Samsung Heavy Industries

SHI reports that it has successfully developed an 'Onboard Carbon Capture' system which can be applicable to LNG fueled vessels with PANASIA, an eco-friendly and energy system expert, and received Approval in Principle from KR, Korean classification society, for the first time in Korea.This approved green technology separates and collects carbon dioxide among exhaust gas of LNG…

IEA: World Must Triple Renewable Energy Spending by 2030 to Curb Climate Change

Credit: chungking/AdobeStock

Investment in renewable energy needs to triple by the end of the decade if the world hopes to effectively fight climate change and keep volatile energy markets under control, the International Energy Agency (IEA) said on Wednesday."The world is not investing enough to meet its future energy needs ... transition‐related spending is gradually picking up…

Who Will Pay for the Energy Transition?

© Ruslan / Adobe Stock

The transition from a fossil-fuel dominated energy system to one with zero emissions would require trillions of dollars of investment in new production, distribution and consumption equipment worldwide.New investments could support millions of new jobs in construction and manufacturing, but policymakers are struggling to…

UK Gov't Advised to Harness Pandemic to Speed Zero-carbon Aims

Illustration; Offshore wind farm - Credit:pauws99/AdobeStock

From creating jobs in home insulation to hiking dirty fuel taxes and expanding electric-vehicle charging, Britain's government should harness the COVID-19 pandemic to accelerate cuts in planet-heating emissions, an advisory panel said on Thursday.With public support for low-carbon shifts growing and the state spending billions to boost its flagging economy…

Amprion Sets Out North Sea Offshore Wind Grid Vision

Illustration; Image by Tim HvW - AdobeStock

German power grid company Amprion on Wednesday unveiled long-term plans for joint European offshore wind links in the North Sea and announced a trebling of spending in the next 10 years.Amprion, with 11,000 kilometers of high voltage transmission lines in western Germany, is the second biggest of four regulated operators of grids criss-crossing the country and offshore…

Taiwan Gets 1st Carbon Neutral LNG Shipment

Taiwan accepted its first carbon neutral shipment of liquefied natural gas (LNG). State-owned CPC Corporation, a natural gas, and gasoline company in Taiwan announced receipt of LNG cargo from Shell.Nature-based carbon credits have been used to compensate the full carbon dioxide (CO2) emissions generated – from exploring for and producing the natural gas…

ABB Bags DolWin5 Gig

Swiss-Swedish multinational corporation ABB has won EUR10.6 million order for digital products and services to support the DolWin5 (Epsilon) offshore grid connection project in Germany.According to a press note from the technology company, ABB will provide a system for IT infrastructure, OT1 security, plant-wide condition monitoring…

Global LNG Demand to Double by 2040: Shell

Global demand for liquefied natural gas (LNG), rose by 12.5% to hit 359 million tons last year, according to Royal Dutch Shell’s annual LNG Outlook report.According to the forecast by Shell,  LNG demand was expected to double by 2040 to 700 million tons, with natural gas set to play “a growing role in shaping a lower-carbon…

MHI Vestas Orders ABB Transformers

MHI Vestas Offshore Wind, the global wind turbine manufacturer, has selected ABB’s Power Grids business to deliver its WindSTAR transformers for the Triton Knoll offshore wind project in the UK.ABB’s WindSTAR power transformers are designed to fit inside the wind turbine and can withstand strong vibrations, sudden movements and variable electrical loading, typical of wind power.

COP 25: The Affordable Energy Transition

By Sverre Alvik, Energy transition program director, DNV GLIt is not too good to be true, it is the economic reality that lies ahead of us. The energy transition facing us in the coming decades is an affordable one. In fact, the future energy system is not only affordable, it is cheaper than the energy system we have today.

Japan Marks 50 years of LNG Imports

File Image: AdobeStock / © Fotmart

Japanese gas buyers on Wednesday marked the 50th anniversary since the first cargo of liquefied natural gas (LNG) arrived in Japan, now the world's biggest importer of the fuel.The arrival of the cargo on Nov. 4, 1969 helped transform Japan's energy system, which had relied on oil, coal and gas from coal in an era of high growth…

Eni-led Group to Build Wave Power Stations

Italian oil group Eni is joining forces with shipbuilder Fincantieri, power grid group Terna and state lender Cassa Depositi e Prestiti (CDP) to develop wave power stations.The agreement, which follows the understanding signed last 19 April, will launch the first phase of a joint project to convert the Inertial Sea Wave Energy Converter (ISWEC) pilot project…

Minesto Boosts Taiwanese Presence

Swedish marine energy developer Minesto AB has renewed the collaboration agreement with National Taiwan Ocean University (NTOU) to explore the potential for Minesto’s Deep Green technology in Taiwan.The renewed collaboration agreement with NTOU's Center for Ocean Energy System (COES) was signed at a ceremony in Taipei by Minesto’s CEO Dr Martin Edlund and Professor Chen-Chou Lin…

Reaping Wind at Sea: A $1 Trillion Industry

File Image (Credit Sparrow Group)

Offshore wind could become a cornerstone of the world's power supply as steep cost reductions and improved technology unleash the potential of the green energy source, said the International Energy Agency (IEA) on Friday.Renewables replacing fossil fuel is crucial to meet a globally-agreed goal of limiting temperature rise…