Plan announced to develop gigawatt scale floating wind farm in Celtic Sea

A consultation process to identify suitable areas for an offshore floating wind farm in the Celtic Sea has begun, with the intention of using the facility to produce green hydrogen. Source Energie has been working for some time to identify both medium- and long-term sites for development of floating offshore wind, and has now come together […]

Carbon capture and storage spending to hit $50 billion globally by 2025

Service sector spending on carbon capture and storage (CCS) developments is set to skyrocket this decade, quadrupling from 2022 to 2025, with cumulative global expenditure over the next three years topping $50 billion, Rystad Energy research indicates. Total spending for announced commercial projects in 2022 is projected to hit $4.4 billion, up from $2.8 billion […]