The logistics arm of retail giant IKEA has teamed up with French shipping group CMA CGM and others to test the use of sustainable marine bio-fuel oil on board a modern containership. The first-its-kind-test was announced Tuesday by the GoodShipping Program, a not for profit initiative seeking to decarbonize the ocean freight industry. Participants involved include IKEA … [Read more...]
Could Your Used Vegetable Oil Be Used to Power World Trade?
By Alex Longley (Bloomberg) -- A Danish shipping company is planning to use waste vegetable oil to power its fleet, the latest in a list of fuel innovations from a transportation industry that’s under intense pressure to lower its carbon footprint. D/S Norden A/S, which runs more than 300 merchant ships, doesn’t yet know how many companies will want their cargoes delivered … [Read more...]
Wave Energy – Scientists Still Looking For A Killer App
by Sophie Hares (Reuters) - Energy from the ocean breakers that pound Mexico’s Pacific Coast could soon be turned into electricity as an Israeli joint venture finalizes permits and financing for the country’s first wave energy plant. Wave power development has long lagged renewable rivals such as solar, but Eco Wave Power says it could prove an effective way to deliver power … [Read more...]
Green Energy Stock Skyrockets After Power-Generating Buoy Deployment
Ocean Power Technologies Inc. climbed to a 19-month high after installing its first power-generating buoy designed for commercial use, off the coast of New Jersey. Ocean Power gained 75 percent to $8.29 at the close in New York, the highest since December 2014. The shares rose 61 percent Thursday after announcing the deployment of its PB3 PowerBuoy. Chief Executive … [Read more...]
We Sail the Ocean Blue, but We’re Going Green, Too
USS Carl Vinson Strike Group, Exercise Tandem Thrust 2003, US Navy Photo WASHINGTON (Dow Jones) Rear Adm. (Ret.) Robert James's characterization of the Navy's pursuit of alternative fuels and energy technologies displays a serious misunderstanding of the department's commitment and rationale behind these important efforts ("Of Mustard Fuel and Marines," op-ed, Aug. 2). He … [Read more...]