Business & Finance
NorSea Focuses on Offshore Wind
Through its wholly owned Danish subsidiary Danbor, NorSea Group has acquired the Danish wind power company Øer. NorSea Group said that, with its owners (Wilh. Wilhemsen, Eidesvik and Møkster), it has extensive expertise, infrastructure and equipment that it wants to utilise for the wind power market
Spin Out Company Licensed to Capitalise on Blue Economy
A new financial modelling and analytics software tool for the renewable energy sector was licensed this week by University College Cork to spin out company, Exceedence Ltd. The company, founded and led by Dr. Ray Alcorn, will now bring to market the Exceedence FINANCE solution developed by software
Vattenfall Gives Its Wind Business a Strategic Boost
Vattenfall has strengthened the senior management team of its wind business with the appointment of one of the industry’s leading strategists. On 1 October, Michael Simmelsgaard will be new Vice President of Strategic Projects as well as a member of the Management Team at Business Area Wind. He has
Fugro Integrates and Rebrands Its UK Geotechnical Units
Fugro’s UK geotech companies have been restructured as Fugro GeoServices Ltd. The renaming completes the integration of key UK specialists – Fugro Seacore, Fugro Engineering Services, EM Drilling, Fugro Loadtest, Fugro Instrumentation & Monitoring and Fugro Aperio. Fugro GeoServices Ltd employs clos
AWEA: American Offshore Wind Power Is Ramping Up
The momentum building for the development of offshore wind power in the U.S. was on full display over the last two days during the American Wind Energy Association’s (AWEA) Offshore WINDPOWER Conference & Exhibition at the Baltimore Convention Center in Baltimore, Maryland. AWEA Offshore WINDPOWER k
Irish Energy R&D Projects Secure €18m in EU Funds
Since last year, Irish energy research projects have successfully secured €18m in EU funds for Ireland. That is according to the Sustainable Energy Authority of Ireland (SEAI), which today launched a joint publication with Enterprise Ireland entitled “Building on Ireland’s Energy Research Performanc
U.S. and European Engineering Companies Partner Up
Apex Companies, LLC and Offshore Design Engineering Ltd (ODE) have entered a strategic alliance to merge their technical expertise, enabling them to serve their clients with both a domestic focus and a global reach. Apex’s Vice President Jay Borkland said: “With this teaming agreement, we have truly
SKF Develops New Generation Shaft Seals
SKF reported today that it has developed a new generation of shaft seals specifically designed to meet the challenges of the wind energy industry. The machined polyurethane seals from the HRS range weigh less and take up less space than labyrinth seal designs. They are available in three different d
Two Graduate Engineers Get Full-Time Jobs at OSBIT Power
OSBIT Power this week welcomed two new graduates to its team. Both employees have been awarded permanent contracts after completing placements with the company as part of their degrees. Callum Noble and Sasha Aichroth completed their studies at University of Edinburgh. As part of their course, both
Siemens Hires Local Business for Hull Project
Siemens has awarded a contract to Clugston, a family-owned business based in Humber, to build a 12,300m² service and logistics facility at Hull’s Alexandra Dock, which will support a wind turbine blade factory already under construction at the site. The building will house facilities for the service
Minesto to Apply for Nasdaq Listing
The Board of Swedish marine energy company Minesto has decided to apply for listing of the company’s shares on First North at NASDAQ Stockholm and conduct a new issue of units directed to the public in Sweden of appoximatley EUR 10 million. Minesto’s tidal power plant, Deep Green, generates electric
Atlas Professionals Puts Business ‘under One Roof’
Today, two subsidiaries of Atlas Professionals, South West Surveys (SWS) and Geomotive, will become official Atlas offices. The offices based in Exeter (UK) and Vic (Spain) have been a part of Atlas Professionals for several years, expanding Atlas’ scope in Offshore Management & QC, Marine Environme
GE Appoints New President and CEO of Its Power Conversion Business
GE’s Energy Management President & CEO Mark Begor announced the appointment of Stephan Reimelt as President and CEO of GE’s Power Conversion business, succeeding Joe Mastrangelo who becomes President and CEO of Power Generation Products for GE Power & Water. Power Conversion is GE’s growing business
Balfour Beatty Equitix Preferred Bidder for Humber Gateway Offshore Transmission
Ofgem has appointed Balfour Beatty Equitix Consortium as the preferred bidder to own and operate the offshore transmission link to the Humber Gateway wind farm for the next 20 years. This completes the procurement of Tender Round 3 offshore transmission owner (OFTO) projects. Balfour Beatty Equitix