Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      The next person to shop your store may not be a person at all

      AI shopping agents are rewriting the rules of online retail across North America

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Cohere's Aidan Gomez bets the house on 'sovereign AI' with Aleph Alpha merger valuing the group at $20bn

      Cohere CEO Aidan Gomez on stage discussing the Toronto AI lab's strategy

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Moonvalley's Naeem Talukdar is selling Hollywood the one thing rival AI video tools cannot: legal cover

      Moonvalley's Marey AI video model produces Hollywood-grade footage trained on licensed data

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Tuesday 09 September 2014 8:18 pm  |  Updated:  Friday 07 June 2019 6:49 am

Japan mulls power plants at sea

By: Thomas FitzGerald

Add as a preferred source on Google

Floating power plants are being considered by the Japanese government after it expressed interest in proposals from Norwegian firm Sevan Marine, maker of cylindrical vessels for the offshore oil and gas industry.

Yesterday, Sevan chief executive Carl Lieungh told CityAM “A delegation from the company met government officials and industry partners earlier this year in Japan.”

Sevan’s proposals are for floating combined cycle power plants using natural gas, and has worked with German firm Siemens on its plans.

Lieungh said the plants could also be safer in the event of natural disasters such as earth­quakes, a big concern for Japan after the 2011 Fukushima nuclear disaster.

Twelve Sevan-designed platforms are now in operation or under construction, with two floating production storage and offloading vessels operating in the North Sea.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

Trending Articles

  • As it happened: FTSE 100 relief rally runs out of steam as BP and Shell weigh; Oil hits three-month low

  • Rolls-Royce shares surge as SMR unit bags multi-billion pound Swedish nuclear contract

  • London Tech Week sums up everything wrong with UK tech

  • Rathbones to suspend thousands of client account inflows after FCA probe deals £530m blow

  • KPMG’s Summer Friday half-day rollback signals deeper woes for Big Four giants

More from CityAM

  • ZayZoon, the Calgary fintech born on a fishing boat, posts 1,487% growth as earned wage access goes mainstream

    ZayZoon co-founder Tate Hackert built the Calgary fintech around earned wage access
  • Botpress raises $25m as Quebec's Sylvain Perron pitches his startup as the 'infrastructure layer' for AI agents

    Botpress product UI: the Quebec startup pitches itself as the infrastructure layer for enterprise AI agents
  • Argan, Inc. to Announce First Quarter Fiscal 2027 Results and Host Conference Call on Thursday, June 4, 2026

    Business Wire
  • Argan, Inc. Declares Regular Quarterly Cash Dividend of $0.50 Per Common Share

    Business Wire
  • The Derbyshire manufacturing firm putting the nuts and bolts into the world’s most extreme environments

    Partner
    Breaking news banner highlighting top story with dynamic graphics and bold text on a professional news website
  • The City is paying the price for Britain’s energy failure

    Opinion
    UK energy power lines spanning a rural landscape, highlighting infrastructure and sustainability efforts in the energy sec...
  • Argan, Inc. Reports First Quarter Fiscal 2027 Results

    Business Wire
  • Type One Energy Appoints Bernard Looney to Board of Directors

    Business Wire
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy
  • News
  • Markets & Economics
  • Politics
  • Opinion
  • Life&Style
  • Personal Finance

Follow us for breaking news and latest updates

  • Facebook
  • X
  • Instagram
  • LinkedIn
Copyright 2026 CityAM Limited