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One startup’s quest to store electricity in the ocean

When Manuele Aufiero was a child, his parents would take him hiking along a reservoir in northern Italy. It wasn’t a typical reservoir, though. This one drained and refilled constantly, with pumps raising the water level when electricity was cheap. When nearby cities needed electricity, the pumps would reverse, turning into generators as the water … Read more

The $2.5 trillion ocean economy is at a crossroads. Capital must act now

Today, the blue economy, valued at roughly $2.5 trillion annually, stands at a crossroads: either we continue business as usual — with staggering ecological, social, and financial costs — or we finance deployment at scale, so the ocean remains our most powerful ally for climate, biodiversity, and prosperity. There are reasons for hope. Surpassing the … Read more

China targets five U.S. subsidiaries of South Korea’s Hanwha Ocean, sending shares down 8%

A large screen displays images of Combat Unmanned Surface Vessels (USV) at the Hanwha exhibition stand during the Security Equipment International (DSEI) at London Excel on Sept.10, 2025 in London, England. John Keeble | Getty Images News | Getty Images Shares of South Korean shipbuilder Hanwha Ocean fell more than 8% Tuesday after China sanctioned … Read more

Frontier buys $31M worth of antacids for the ocean

Frontier, the carbon removal clearinghouse founded by Google, Strip, Shopify, and others, announced today that it is buying 115,208 metric tons of carbon removal credits from geoengineering startup Planetary in a deal worth $31.2 million.  Where most Frontier deals to date have bought carbon from startups specializing in direct air capture, enhanced weathering, or bioenergy … Read more

Hanwha Ocean shares surge over 16% after U.S.-Korea trade deal

Adie Bush | Connect Images | Getty Images Shares of Hanwha Ocean surged as much as 16.06% on Thursday to their highest levels since July 2015, following U.S. President Donald Trump’s announcement of a blanket 15% tariff on Seoul’s exports to the U.S. According to Reuters, Kim Dong-kwan, the vice chairman of the Hanwha Group, … Read more

Prince Harry and William Are Separated by ‘More Than an Ocean’: Sources

On June 4, Prince William traveled to Wattisham Air Base in Suffolk, England, where he spoke to soldiers from the Army Air Corps and presented a King’s Commendation for Valuable Service award. The former search and rescue pilot — who flew to and from the location in a reconnaissance Wildcat helicopter — looked handsome and … Read more

Mideast ocean freight rates soar on Iran, Strait of Hormuz risks

Tankers are seen at the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of the major container ports in the Sharjah Emirate, along the Strait of Hormuz, a waterway through which one-fifth of global oil output passes on June 23, 2025. Giuseppe Cacace | Afp | Getty Images Ocean … Read more

Rebecca Mann’s 40-Mile Ocean Swim: Shocking Side Effects Revealed

One determined athlete is opening up about the strange — and sometimes scary — side effects she endured after swimming 40 miles for 21 hours straight. “When I was getting towards the end, I was worried about my throat closing,” Rebecca Mann, a two-time USA National champion swimmer and former Olympian, told People in an … Read more

Prince William Urges Ocean Protection During Monaco Solo Trip

Prince William marked World Oceans Day with a solo appearance at the Blue Economy and Finance Forum. “We come together today united by our deep connection to the ocean and our concern for its safety,” William, 42, said in a Sunday, June 8, speech at the event held in Monaco. “For many of us, it … Read more

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