The latest clean energy news includes announcements on Eco Wave Power, Shell, Floating offshore wind market, iown energy, and others.
Eco Wave Power, Shell complete wave energy pilot in Los Angeles
Eco Wave Power has completed a wave energy pilot project with Shell at the Port of Los Angeles, marking a key milestone in advancing onshore wave energy commercialization. The project demonstrated the viability of converting ocean wave motion into clean electricity using land-based infrastructure, reducing installation and maintenance complexity. The pilot validated system efficiency, durability and grid integration capabilities under real-world conditions. Eco Wave Power said the results support scaling the technology globally as a reliable renewable energy source. The collaboration highlights growing interest in marine energy solutions as countries explore diversified clean energy portfolios to complement solar and wind power generation.
Floating offshore wind market to reach $25.40 billion by 2031
The global floating offshore wind market is projected to grow to $25.40 billion by 2031, driven by increasing demand for renewable energy and expansion into deep-water locations, according to MarketsandMarkets. Floating turbine technology enables wind farms in areas where fixed-bottom installations are not feasible, unlocking vast new resources. Europe and Asia Pacific are expected to lead growth, supported by government policies and large-scale investments. Advances in turbine design, mooring systems and cost reduction strategies are improving project economics. The report underscores the critical role of floating offshore wind in meeting global decarbonization targets and expanding clean energy capacity worldwide.
iown energy facilitates financing and sale of 127 MW Nevada battery project
iown energy has facilitated the financing and sale of a 127 MW battery energy storage project in Nevada, supporting grid stability and renewable integration. The transaction included structuring capital solutions and securing project buyers, enabling efficient project execution. The battery system is designed to store excess renewable energy and deliver power during peak demand, enhancing grid reliability. The deal reflects strong investor appetite for energy storage assets amid growing demand for flexible power solutions. iown energy’s role highlights the importance of financial expertise in scaling battery infrastructure to support the transition to a cleaner and more resilient energy system.
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