Ocean Energy Resources

GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES

China is planning more investment into offshore wind turbines

General – China

China said on Wednesday it would develop a package of major projects to tackle climate change as it moves to bring its carbon dioxide emissions to a peak before 2030 and become carbon neutral by 2060.

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Next Ocean secures investment to scale offshore safety technology

General – Safety Technology

Next Ocean, a pioneer in Vessel Motion Radar technology, has secured Seed Investment from Arches Capital to drive its expansion and enhance maritime safety worldwide.

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JERA committed to achieving net zero CO2 emissions by 2050

General – Investment

JERA has invested approx. 2M USD in Advanced Ionics, a US-based company, that develops a new type of electrolyzer technology that uses both electrical and thermal energy to produce hydrogen.

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Ørsted brings in Cathay Life Insurance as investor in Greater Changhua 4

Wind Energy – Taiwan

Ørsted has signed an agreement with Cathay Life Insurance, the leading insurance company in Taiwan, and its affiliate Cathay Wind Power Holdings, under which Cathay Life Insurance will acquire a 50 % ownership share of Ørsted’s 583 MW Greater Changhua 4 Offshore Wind Farm.

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Billionaire Slim wants to join Pemex in natural gas project

Fossil Energy – Investment

According to Reuters Mexico’s President Andres Manuel Lopez Obrador said on Friday that businessman Carlos Slim is interested in participating in the country’s first deepwater natural gas project, working alongside state energy company Pemex.

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