EU Should Upgrade Submarine Cable Infrastructure with State Aid, Paper Says
Europe should take measures to build or upgrade its submarine cable infrastructure and with state aid if necessary, according to a European Commission proposal, underscoring concerns about vulnerabilities exposed by the damage on two Baltic Sea telecoms cables last year.Submarine cable infrastructures, which form the backbone of the internet by carrying more than 97% of the world's data traffic, have become the latest flashpoint among countries amid rising geopolitical uncertainties and conflicts.Such concerns have prompted the EU executive to come up with a roadmap including measures to protect
EXPLAINER-Why Does Norway Want to Mine the Seabed?
issue are vital for Oslo's plans, some analysts have said.Norway is encouraged by EU ambitions to diversify imports of critical minerals and to boost local production. However, the European Parliament has also called on member-states to support a global moratorium on seabed mining. The European Commission has been also advocating for a deep-sea mining moratorium until more is known about the risks.HOW DO YOU MINE MINERALS FROM THE SEABED?There is no commercially available technology to produce seabed minerals, though some machines have been built to test production elsewhere in the world.Researchers
CorPower Ocean Installs First Commercial Wave Energy Converter Offshore Portugal
its technology to a type certified bankable technology offering in the coming years, the company said.The Hiwave-5 Project is funded by the Swedish Energy Agency and Portugal 2020 through AICEP Global (Norte2020) and CCDR-N. CorPower Ocean has also been financially supported by EIT InnoEnergy, the European Commission, Wave Energy Scotland, CoreSpring New Technology, ALMI Invest Greentech, SEB Greentech VC and additional private investors
Nexans to Install Section of World's Longest and Deepest Interconnector
EuroAsia Interconnector Israel-Cyprus-Greece electricity interconnector is a leading European project of common interest PCI 3.10 that ends the energy isolation of Cyprus and Israel, creates security of supply, significantly reduces the CO2 emissions, and serves the “Green Deal” of the European Commission."The parties expect formal clearance of the Greek and Cypriot energy regulators to intervene in due course, Nexans said
Wave-Wind Offshore Platform with Hydrogen: Floating Power Plant's SEAWORTHY Selected for EU Grant
Danish technology developer and integrator Floating Power Plant A/S said Tuesday it had been selected to negotiate a significant grant by the European Commission to support its SEAWORTHY project at the PLOCAN test site.SEAWORTHY is an acronym for "Sustainable dispatchable Energy enabled by wAve-Wind OffshoRe plaTforms with onboard HYdrogen." Floating Power Plant said SEAWORTHY was an initiative aimed at combining wave and wind resources to generate electricity while using excess power to produce and store hydrogen.The SEAWORTHY project will be executed off the coast of Las Palmas in the
Nations Secure UN Global High Seas Biodiversity Pact
for a greater share of the spoils from the "blue economy", including the transfer of technology.An agreement to share the benefits of "marine genetic resources" used in industries like biotechnology also remained an area of contention until the end, dragging out talks.The European Commission, the executive arm of the European Union, hailed the agreement as a "historic moment"."With the agreement on the UN High Seas Treaty, we take a crucial step forward to preserve the marine life and biodiversity that are essential for us and the generations to come," said
Norway Finds 'Substantial' Mineral Resources on Its Seabed
, is considering whether to open its offshore areas to deep-sea mining, a process that requires parliament's approval and has sparked environmental concerns. "Of the metals found on the seabed in the study area, magnesium, niobium, cobalt, and rare earth minerals are found on the European Commission's list of critical minerals," the Norwegian Petroleum Directorate (NPD), which conducted the study, said in a statement. The resources estimate, covering remote areas in the Norwegian Sea and Greenland Sea, showed there were 38 million tonnes of copper, almost twice the volume
50-meter Section Missing from Damaged Nord Stream Pipeline
a 50-meter section missing from one area of pipeline.Dwindling flows of gas from Russia, which once supplied 40% of Europe's needs, has left the European Union struggling to unite over how to respond to surging prices that have deepened a cost-of-living crisis for families and businesses.The European Commission was expected to make proposals on Tuesday to develop a new EU benchmark price for liquefied natural gas (LNG) and kickstart joint gas purchases, amid divisions between countries over whether to cap gas prices.European states, meanwhile, have raced to protect other energy infrastructure from
X1 Wind's Floater Concept Ready for Testing
to have collaborated with the great team that makes up X1 Wind, participating in the installation of the subsea cable for this innovative offshore wind project, supporting everything that helps to increase the environmental sustainability of the islands.”Supported by €4 million from the European Commission H2020 Program, with a consortium coordinated by X1 Wind including leading companies EDP NEW, DNV, INTECSEA, ESM and DEGIMA and world-class research centers WavEC, DTU and PLOCAN, PivotBuoy aims to substantially reduce the current Levelized Cost Of Electricity (LCOE) of floating wind. Key advantages
February 2024
