Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities.
Frequently Asked Questions:
The onshore application segment led the market in 2020.
What is the major trend in the market?
A rise in the number of offshore wind farm installations will impact the market positively during the forecast period.
At what rate is the market projected to grow?
The market is projected to grow at a rate of about 5%.
Invinity Energy Systems plc (AIM:IES) manufactures vanadium flow batteries for the large-scale energy storage requirements of businesses, industry and electricity networks. Developed specifically for high-utilisation applications, Invinity s highly scalable, factory-built flow battery products make low-carbon renewable generation reliable and can run continually with no degradation, charging and discharging for over 25 years. Energy storage systems based on Invinity s batteries are safe, reliable, and economical, and range in size from less than 250 kilowatt-hours to tens of megawatt-hours. Invinity was created in April 2020 through the merger of two flow battery industry leaders: redT energy plc and Avalon Battery Corporation. With over 10MWh of systems deployed to date across 40 sites in 14 countries, Invinity is active in all major global energy storage markets and has operations in the UK, Canada, USA, China and South A
Repsol starts building 860MW Spanish onshore wind cluster
The Delta II project will help the oil major move towards its target of having 7.5GW of “low-carbon emission generation capacity” by 2025
by Craig Richard
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Seacat Rainbow secures first long-term charter with Beatrice Offshore Wind Farm Ltd
Class-leading offshore energy support vessel (OESV) operator Seacat Services (Seacat) has announced that newly launched catamaran Seacat Rainbow has gone straight on to a long-term charter with Beatrice Offshore Windfarm Ltd (BOWL).
Seacat Rainbow will support Operations & Maintenance activity for the service team working at BOWL, joining her sister vessel Seacat Weatherly, which is currently on charter with the Original Equipment Manufacturer (OEM) Siemens Gamesa Renewable Energy.
Seacat Rainbow and Seacat Weatherly are the first Chartwell 24 catamarans to enter operational service and are the product of long-term supply chain collaboration seeking to refine the formula for offshore wind vessel support. The contract for Seacat Rainbow is the latest example of success borne from Seacat’s commitment to develop its fleet based on the rapidly evolving needs of the market.
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