Tidal Energy Today has compiled the top news from tidal and wave energy industry from July 4 – 10, 2016.
Tidal joins forces with wind for more efficient grid use
An agreement has been reached between Atlantis Resources’ majority owned MeyGen project and a the developer of a nearby wind farm Lochend Wind Energy that will allow the wind turbines from the farm to deliver electricity to the grid whenever MeyGen tidal project is not making full use of the available export capacity at 33kV Ness of Quoys distribution network.
AW-Energy scoops €10M through InnovFin EDP scheme
Finnish wave energy developer, AW-Energy, has received a €10 million loan for the construction of the full-scale WaveRoller wave energy device from the European Investment Bank (EIB), with backing from EU’s research and innovation funding programme Horizon 2020. This is the first project to receive funding under the InnovFin Energy Demo Project debt facility.
Minesto grabs Deep Green R&D funding
Swedish tidal energy developer, Minesto, together with industry and academia partners, has been granted research funds totalling SEK 5.7 million ($666,000) by the Swedish Energy Agency. The projects funded are focused on further development of Deep Green tidal technology with the purpose of optimising the first full-scale model.
EEL Energy bags €3M for tidal membrane device
EEL Energy, a French-based tidal energy developer, has raised approximately €3 million to finance the development of its 1 MW prototype tidal energy device based on undulating membrane technology. EEL Energy informed that a French company operating in the fields of gas heating and renewable energy, Frisquet SA, became a shareholder in the company.
Finalists move ahead in Wave Energy Prize
All nine finalist teams have passed the third technology gate review (TG3) as part of the Wave Energy Prize challenge, securing the chance to test their wave energy devices at 1:20 scale at US Navy’s MASK Basin in Maryland. Two alternate teams who continued work on their technologies since March will not get the chance to test their scale devices at MASK Basin in this challenge.
Tidal Energy Today