Early 2024 saw a group of financial deals that have implications, in a broad sense, for how offshore wind projects may be financed. While offshore wind projects might be thought of as being in the ‘utility finance’ basket, they are ultimately high-risk deals that might better suit the portfolios of ‘infrastructure investment’ which, in recent years
Marine Jet Power (MJP), a global provider of waterjet propulsion, and Derecktor Shipyards New York announced the launch and christening of two groundbreaking passenger ferries for Chatham Area Transit (CAT) of Savannah, Georgia.These vessels represent a significant milestone as the first hybrid passenger ferries in the United States powered by waterjet propulsion.
Engineers at MIT have developed a comprehensive, physics-based model that accurately represents the airflow around rotors even under extreme conditions, such as when the blades are operating at high forces and speeds, or are angled in certain directions.The model could improve the way rotors are designed and how wind farms are laid out and operated.