SynMax’s Post

𝐑𝐢𝐝𝐢𝐧𝐠 𝐭𝐡𝐞 𝐖𝐚𝐯𝐞𝐬: 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐒𝐮𝐫𝐠𝐞 𝐢𝐧 𝐖𝐚𝐯𝐞 𝐚𝐧𝐝 𝐓𝐢𝐝𝐚𝐥 𝐄𝐧𝐞𝐫𝐠𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 (𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟎) The global wave and tidal energy market size was valued at USD 0.98 billion in 2023 and is projected to grow from USD 1.28 billion in 2024 and reach USD 19.75 billion by 2032, exhibiting a CAGR of 40.75% during the forecast period. 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐃𝐅: https://lnkd.in/gwWJf9FE Wave energy is the process of #transporting and capturing the power from the waves of the ocean surfaces and using it for applications such as power generation, #desalination, #environmental protection, and others. The device used for harvesting is #waveenergy converters developed to extract power from #onshore, nearshore, or deep-water #offshore locations. The abundant availability of ocean waves is considered one of the leading sources in #powergeneration from #renewableenergy. For example, Pelamis wave power, earlier known as #ocean #power delivery (OPD), was the world’s first commercial #wave project which delivers power produced by the generators 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐁𝐲 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 ·    Wave Energy ·    Oscillating Water Columns ·    Oscillating Body Converters 𝐓𝐢𝐝𝐚𝐥 𝐄𝐧𝐞𝐫𝐠𝐲 ·    Tidal Turbine ·    Tidal Barrages 𝗖𝗿𝗲𝗱𝗶𝘁 𝗖𝗮𝗿𝗱 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 𝗼𝗳 𝟭𝟬𝟬𝟬$ 𝗼𝗻 𝗮𝗹𝗹 𝗥𝗲𝗽𝗼𝗿𝘁 𝗣𝘂𝗿𝗰𝗵𝗮𝘀𝗲𝘀 | 𝗨𝘀𝗲 𝗖𝗼𝗱𝗲 : 𝗙𝗟𝗔𝗧𝟭𝟬𝟬𝟬 𝗮𝘁 𝗰𝗵𝗲𝗰𝗸𝗼𝘂𝘁 👉https://lnkd.in/gVdYHgSv 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 - SSE Renewables, Tidal Energy Corp, Qair Group, A&P Group Limited, JDR Cable Systems, GL Garrad Hassan, Power Generation & Renewables | Parker Hannifin, INORE - International Network on Offshore Renewable Energy #WaveEnergy #TidalEnergy #OceanEnergy #MarineEnergy #ClimateAction #RenewableEnergy #SustainableEnergy #CleanEnergy #GreenEnergy #HydrokineticEnergy #BlueEconomy #EcoFriendly #EnergyInnovation #FutureEnergy #EnergyTransition

𝐑𝐢𝐝𝐢𝐧𝐠 𝐭𝐡𝐞 𝐖𝐚𝐯𝐞𝐬: 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐒𝐮𝐫𝐠𝐞 𝐢𝐧 𝐖𝐚𝐯𝐞 𝐚𝐧𝐝 𝐓𝐢𝐝𝐚𝐥 𝐄𝐧𝐞𝐫𝐠𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 (𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟎) The global wave and tidal energy market size was valued at USD 0.98 billion in 2023 and is projected to grow from USD 1.28 billion in 2024 and reach USD 19.75 billion by 2032, exhibiting a CAGR of 40.75% during the forecast period. 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐃𝐅: https://lnkd.in/gYqa7nmz Wave energy is the process of #transporting and capturing the power from the waves of the ocean surfaces and using it for applications such as power generation, #desalination, #environmental protection, and others. The device used for harvesting is #waveenergy converters developed to extract power from #onshore, nearshore, or deep-water #offshore locations. The abundant availability of ocean waves is considered one of the leading sources in #powergeneration from #renewableenergy. For example, Pelamis wave power, earlier known as #ocean #power delivery (OPD), was the world’s first commercial #wave project which delivers power produced by the generators 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐁𝐲 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 ·    Wave Energy ·    Oscillating Water Columns ·    Oscillating Body Converters 𝐓𝐢𝐝𝐚𝐥 𝐄𝐧𝐞𝐫𝐠𝐲 ·    Tidal Turbine ·    Tidal Barrages 𝗖𝗿𝗲𝗱𝗶𝘁 𝗖𝗮𝗿𝗱 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 𝗼𝗳 𝟭𝟬𝟬𝟬$ 𝗼𝗻 𝗮𝗹𝗹 𝗥𝗲𝗽𝗼𝗿𝘁 𝗣𝘂𝗿𝗰𝗵𝗮𝘀𝗲𝘀 | 𝗨𝘀𝗲 𝗖𝗼𝗱𝗲 : 𝗙𝗟𝗔𝗧𝟭𝟬𝟬𝟬 𝗮𝘁 𝗰𝗵𝗲𝗰𝗸𝗼𝘂𝘁 👉https://lnkd.in/gtH34BDM 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 - SSE Renewables, Tidal Energy Corp, Qair Group, A&P Group Limited, JDR Cable Systems, GL Garrad Hassan, Power Generation & Renewables | Parker Hannifin, INORE - International Network on Offshore Renewable Energy #WaveEnergy #TidalEnergy #OceanEnergy #MarineEnergy #ClimateAction #RenewableEnergy #SustainableEnergy #CleanEnergy #GreenEnergy #HydrokineticEnergy #BlueEconomy #EcoFriendly #EnergyInnovation #FutureEnergy #EnergyTransition

Weekly power simulation, week 30 of 2024 Not a whole lot to comment this week. Nice and uncomplicated summer weather in Denmark, renewables made up 100% of demand. So instead, let me shout out to Ember and this week's publication that wind and solar PV now generate more power than oil, coal and gas combined in the EU. Wonderful milestone - but onwards, we must go. ----- Each week, I run a simulation using real-world generation data from the Danish power grid, with #windenergy and #solarenergy scaled to match future (2033) capacities, as forecasted by the Danish Energy Agency. See earlier posts by searching for #WeeklyPowerSimulation. The original idea for such a simplified, but very illustrative, simulation is David Osmond's from Australian Windlab. His version is found on twitter here: https://t.co/5Y3UiKB5Di

Decarbonization and meaningful change begin at the local level, driven by forward-thinking communities dedicated to bringing renewable energy into their everyday lives. On October 2nd, we gathered with our group company Oriden to celebrate a significant milestone: the completion of three solar projects in southwestern Pennsylvania. This region has a rich history with #MHIGroup, with partnerships dating back to the 1960s—including MHI’s first technical collaboration related to gas turbines. Watch to learn more about the transformative role of renewable energy on former coal mine sites, and how we can collaborate to effectively achieve #MissionNetZero. #MoveTheWorldForward #Solar #RenewableEnergy

Another Energy Reality Check. Energy Source Inertia, Part II – The Role of Time I was curious about what past trends might reveal about our energy future. Part II aims to highlight how long dominant energy sources have historically maintained their lead, offering perspective on the challenges of rapidly replacing existing energy sources with new ones. This is a look at “inertia” from the viewpoint of energy source predominance. Predominance of Primary Energy Sources, Past and Predicted: * The Era of Coal: 65 years (1900–1965) * The Era of Oil: 80 years (1965–2045) * The Era of Natural Gas: 15 years (2045–2060) Natural gas will be the next dominant fuel, which is why it’s often referred to as the “bridge fuel.” A rough estimate suggests that the Era of Natural Gas will begin between 2040 and 2050, based on linear growth rates and projections since the start of the unconventional/resource play revolution (circa 2000), which established a base production wedge. Wondering about solar and wind? Combined solar and wind have shown polynomial growth since 2000, and if this trend continues, they could become the leader around 2060. To secure the top spot, however, these renewables would need to generate about 6.5 times more than 2023 levels. This simplified overview underscores the enormous scope and challenges faced by all stakeholders The link to Part I is in the comments. Data for the analysis was sourced from: Energy Institute - Statistical Review of World Energy #energytransition #oilandgas #energy #primaryenergy #inertia

Unlocking Offshore #Geothermal Energy: A Promising Frontier for #Clean #Power In the realm of #sustainable energy solutions, a groundbreaking revelation has emerged from the recent whitepaper published by CGG, a prominent geoscience technology consultancy. This revelation revolves around the vast potential of offshore geothermal resources hidden beneath the ocean floor. This discovery not only introduces a promising avenue for clean power generation but also serves as a complement to existing #renewable sources like solar and wind, addressing the pressing global demand for #sustainable #energy. Discover more at www.energyHQ.world

Our CEO, Dr Hamed Soroush, will be on stage at #CERAWeek 2024 on March 15th at 8:30 am ET to talk about the untapped opportunities of #subsurface for efficient #heat management. Please feel free to attend and also have a chat with Hamed to discuss opportunities. "Subsurface not only provides #naturalenergy resources such as #oilandgas, #geothermalenergy and #naturalhydrogen, but also provides huge opportunities for storage of #energy, #CO2, #hydrogen etc. Efficient storage of thermal energy in subsurface formations is a game changing #technology that materialize the current critical need for decarbonized energy storage to make renewable energy options reliable, dispatchable, affordable and resilient." #teverra https://lnkd.in/gkZQrApR

Transforming Renewable Energy with AI: Core Benefits and Applications: A.   Efficiency: AI-driven optimization of renewable systems like solar, wind, geothermal, and hydrogen. B.   Cost Savings: Predictive maintenance, early fault detection, reduced downtime. C.   Solar: Solar radiation prediction, PV optimization, solar microgrid management. D.   Wind: Wind pattern prediction, turbine placement, wind farm control. E.    Hydrogen: Hydrogen production, storage efficiency, energy usage optimization. F.    Microgrids: Renewable integration, power flow balancing, energy storage. G.   Energy Storage: Demand prediction, storage optimization, reliable distribution. H.   Geothermal: Risk reduction, geological data analysis, improved resource extraction. I.      Hybrid Systems: Dynamic energy supply, solar-wind-hydrogen integration, reliable power. J.     Grid Stability: Supply-demand balance, real-time adjustments, grid reliability. #RenewableEnergy #ArtificialIntelligence(AI) #Efficiency #CostSavings #Predictiveintenance #SolarEnergy #WindEnergy #HydrogenEnergy #Microgrids #EnergyStorage #GridStability #Optimization #Forecasting #Integration #DynamicSupply #RealtimeAdjustments

Curious about how a robust Energy Yield Assessment (EYA) can enhance your wind project's bankability? An accredited, in-depth EYA involves comprehensive wind data analysis, including verification, filtering, correction, gap-filling, and time-wise extrapolation, providing a thorough understanding of wind resource characteristics. By incorporating mesoscale and publicly available data with a robust onsite wind measurement campaign, we deliver bankable, site-specific energy yield calculations, along with a comprehensive uncertainty analysis—offering valuable insights for investors and stakeholders. Our services cover deep measurement data analysis, correlation with nearby wind farm production, wind field modeling, design optimization, and detailed energy yield assessments, accounting for losses- wake effects, grid connection, and maintenance. The findings are documented in a final report, ensuring transparency and confidence for all parties. Wondering if your project could benefit from an EYA that delivers long-term reliability? Reach out, and let’s explore the potential together! ProfEC Ventus GmbH #WindEnergy #EnergyYieldAssessment #RenewableEnergy #BankableInsights #WindProjectDevelopment