Venture News

Green Jade - Credit: DEME

Huisman to Deliver Cranes for First Taiwan-built Offshore Installation Vessel

Dutch industrial equipment provider Huisman will deliver cranes for the first Taiwan-built offshore installation vessel.The vessel - to be named Green Jade - will be owned by CDWE, a joint venture company between Taiwanese company CSBC and Belgian offshore contractor DEME.The JV has recently taken the Final Investment Decision (FID) for the construction of ‘Green Jade’, which is the first DP3 heavy lift and installation vessel to be built in Taiwan.Huisman has been contracted by CSBC to deliver a 4,000mt Offshore Mast Crane (OMC), and a 65mt Knuckleboom Crane for the vessel which will be

Atlantic Shores Offshore Wind Installs Wind LiDAR in New Jersey

University Marine Field Station in Tuckerton, New Jersey.The fully autonomous sensor platform, owned and operated by Atlantic Shores Offshore Wind, will provide observations of wind profiles up to several hundred feet in a location directly on the land/sea boundary.Atlantic Shores Offshore Wind, a joint venture between Shell and EDF, installed the LiDAR in collaboration with the Rutgers University Center for Ocean Observing Leadership (RUCOOL) and the Rutgers University Marine Field Station (RUMFS).The LiDAR will be in place for the next several years, collecting real-time weather observations contributing

Photo: ANB Sensors

Seed Funding to Commercialize ANB's pH Sensing Tech

ANB Sensors reports it has secured "a sizeable, oversubscribed investment round" to enable commercialization of its novel calibration-free pH measuring technologiesThe financing is a co-investment by Hatch Blue, an early-stage aquaculture venture capital firm and angel investors, experienced industry professionals represented by Namier Capital Partners.ANB Sensors is aiming to provide a solution to meet the demands required for a truly networked solution. The tech is based on a voltammetric electrochemical technique to verify the performance of the reference electrode and calibrate it

Hywind Scotland floating offshore wind farm (Credit Equinor)

ORE Catapult's Floating Wind Center Attracts Leading Offshore Energy Players

Wind Centre of Excellence (FOWCoE) to drive forward the development of next-generation offshore wind technologies.Offshore wind developers EDF Renewables, EDP Renewables, Equinor, ESB, Mainstream Renewable Power, ScottishPower Renewables, SSE Renewables, and Offshore Wind Power Ltd (OWPL), a Joint Venture between the Green Investment Group and RIDG, are joined by energy companies Total and Shell in the Centre of Excellence.ORE's floating offshore wind center will focus on all areas of floating wind activity in the UK across four key workstreams – technology development, supply chain and

© Fokke / Adobe Stock

First Major US Offshore Wind Farm Reaches Permitting Milestone

, including a new alternative that would add a vessel transit lane to ease travel from New England ports to fishing areas. That option could delay project construction if additional survey work is required, the review said.BOEM officials were not immediately available for comment.Vineyard Wind is a joint venture between Copenhagen Infrastructure Partners and Avangrid Inc.BOEM is part of the U.S. Department of Interior.(Reporting by Nichola Groom; Editing by Matthew Lewis and Bernadette Baum

The SGT-300 gas turbine - Credit: Siemens

Siemens Equipment for Large Gas Field Project Offshore Malaysia

Gas and Power has been awarded a contract to supply gas turbine generators, gas turbines and centrifugal compressors for the Petronas' Kasawari gas field development project offshore Sarawak in Malaysia. The order was made by Malaysia Marine and Heavy Engineering (MMHE) which has formed a joint venture with TechnipFMC to execute the work for Petronas.Siemens will supply three SGT-300 industrial gas turbine generators (GTG), three mechanical-drive SGT-300 gas turbines and three DATUM centrifugal compressors for the Kasawari project in the South China Sea.With an estimated recoverable gas resource

Credit: Bourbon Subsea Services

Final Windfloat Atlantic Floating Wind Turbine Heads Offshore

completion of this project demonstrates the potential of floating wind turbines and is a source of pride for BOURBON, which is taking part in the development of renewable energies, drawing on years of experience and professionalism at sea."Project partners include Principle Power, the joint venture between Navantia/Windar, Grupo A. Silva Matos, Bourbon, wind turbine supplier MHI Vestas, and dynamic cable supplier JDR Cables.- Credit: Bourbon Subsea Service

© Iakov Kalinin / Adobe Stock

Stripe Puts $1 Mln Toward Carbon-removal Projects

claim to be carbon neutral.Instead of looking for the cheapest “negative ton” offsets for carbon emissions, which can cost as little as $10, Stripe will pay as much as $800 per ton for promising new approaches. hereProject co-leaders Ryan Orbuch and Nan Ransohoff approached the task like venture capitalists.“We’re looking for underfunded and underinvested-in areas, relative to their importance in fighting climate change,” said Ransohoff. “That’s pushed us toward more early-stage stuff.”But the projects had to have a plausible path to neutralizing large

Image Credit: Deme Offshore

Early Works Start for First Taiwan-built Offshore Installation Vessel

CDWE, a joint venture company between Taiwanese company CSBC and Belgian offshore contractor DEME, has initiated the early works contract for the very first floating heavy lift and installation vessel to be built in Taiwan.To be named ‘Green Jade’, the vessel will be built at CSBC in Taiwan for delivery in 2022 for deployment in the growing local offshore wind market.CDWE, Taiwan’s first offshore wind EPCI contractor, was established in February 2019  by CSBC, the largest shipbuilder in Taiwan, and DEME Offshore.According to a statement on Thursday, the partners have agreed to

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