Tidal Energy Today has compiled the top news from tidal and wave energy industry from September 26 to October 2, 2016.
Wales grants £12M of EU funds to grow marine energy sector
The Welsh government has awarded almost £12 million to support Bangor University’s Seacams 2 project which aims to expand Wales’ marine energy sector over the next four years by providing specialist research and development programmes for marine energy businesses. Around 50 businesses will benefit from specialist research and development collaborations with universities.
Tocardo reaches bonds goal
Dutch tidal energy developer, Tocardo Tidal Turbines, has reached the crowdfunding target of €850,000 in only 24 hours after issuing the bonds. The bonds for the refinancing of the Eastern Scheldt tidal power plant project were issued on September 27, with the minimum amount per bond set to €500 at an interest rate of 6%.
Protean restarts wave energy device trials
Protean Wave Energy has started the second phase of pre-commercial ocean testing of its wave energy device off Western Australia. The device has been deployed in 10 meters water depth, 3km off the coast of Fremantle. Protean also began the process of analyzing the operating and energy generation capability data from previous WEC deployment, with final conclusions expected to be drawn within the coming months.
Carnegie scoops ARENA funding for microgrid project
Carnegie Wave Energy, has been awarded Au$2.5 million from the Australian Renewable Energy Agency (ARENA) to support the solar, battery and wave integrated microgrid project. The construction of the project, to be located on Garden Island, is expected to begin before the end of 2016 and be commissioned in the first half of 2017.
Eco Wave Power tests new floater technology
Eco Wave Power, an Israeli wave energy developer, has started the testing of its new floater technology in the Jaffa Port, off Israel. The new floaters have been developed from non-corrosive materials in order to save costs that arise from using protective components that are currently being utilized in the marine industry.
Tidal Energy Today