News
Joint Declaration on cooperation to secure critical subsea infrastructure
Norway and five other North Sea countries have signed a joint declaration on cooperation to protect energy and telecommunications infrastructure in the North Sea. ‘We have a common interest with our neighbors around the North Sea basin to secure critical infrastructure. This is essential both for energy security and resilience, and to ensure the […]
Optimism prevails in the global energy sector despite threat of political uncertainty, DNV report finds
DNV reveals a resilient optimism within the energy sector, despite prevailing caution. According to DNV’s annual Industry Insight survey, 73% of senior energy professionals express confidence in the industry’s growth trajectory for the upcoming year, a figure that has remained steady at around 74% since 2022, reflecting a resolute stance amid turbulence. Positive sentiment […]
Research predicts that the long-duration energy storage market will reach US$223 billion in the next 20 years
According to estimates by the research firm IDTechEx, by the middle of this century, renewable energy sources such as solar power and wind power will increasingly become the world’s main source of electricity. Due to the variability in electricity generation provided by renewable energy sources, energy storage systems are needed to ensure a stable, balanced […]
Heavy! Big changes in wind power bidding rules
Beijixing.com: Recently, 8 departments including the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Housing and Urban-Rural Development, the Ministry of Transport, the Ministry of Water Resources, the Ministry of Agriculture and Rural Affairs, the Ministry of Commerce, and the State Administration for Market Regulation jointly issued the […]
“Three in and One out” for Submarine Cables
Recently, Aker Solutions, an offshore giant, launched a submarine cable connection device that can greatly reduce the costs related to collector circuits in offshore wind projects. In early European offshore wind projects, the on-site collector circuits were generally arranged in a ring because low system reliability and high electricity price could result in huge losses […]
Reducing emissions from Sleipner and Gudrun
The Sleipner field center, along with the Gudrun platform and other associated fields, is now partly operating on power from shore. This will reduce annual emissions from the Norwegian continental shelf (NCS) by 160,000 tonnes of CO2. All installations on the Utsira High are now receiving power from shore, saving emissions amounting to about […]