Renewables

Mitsubishi Electric Corporation has signed a Memorandum of Understanding (MoU) on with VTT Technical Research Center of Finland Ltd., headquartered in Espoo, Finland and headed by CEO Antti Vasara, to collaborate on the development of key nature-positive technologies, which are initially expected to include direct ocean capture (DOC) technology for the direct removal of CO2 from seawater.

DNV has launched Phase 2 of its Floating Substation Joint Industry Project (JIP), which aims to establish standards for offshore substations in the growing floating wind sector. This new phase will play a key role in refining guidelines and closing technology gaps, with participation now expanding to 19 leading industry players.

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