Norwegian engineering and equipment development company TECO 2030 ASA has raised NOK 20 million ($2.3 million) through a private placement of 3.2 million of new shares. The shares were issued at a price of NOK 6.164 per share to three new investors. “We intend to use the net proceeds from the privat
The team behind Wales’ national marine energy test facility, META, has welcomed the first deployment of a new open-source tool to measure high quality turbulence data in its pre-consented test site in Milford Haven.
Electrification and hybridization of ships have been picking up in the industry for a while now, being the predominant choice for short-sea shipping. There are several solutions on the market to choose from such as shore power connection, battery hybrid solutions, shaft generators, or alternative el
Le Havre Normandy University is carrying out a study at the Paimpol-Bréhat tidal test site which could contribute to the improvement of the quality of tidal turbine blades as part of the EU-backed cross-border Tidal Stream Industry Energiser Project (TIGER).
Ocean Energy Europe has presented the European Commission with a study that outlines the financial, technical and regulatory aspects of 17 wave and tidal projects that could hit the waters by the end of 2025, with recommendations for action at the EU level to ensure their delivery.
Nowegian ship designer Ulstein Design & Solutions AS has been chosen by compatriot maritime startup Edge Navigation AS as a partner in developing a container vessel with the patented X-Bow hull lines for non-fossil propulsion towards achieving zero emissions in maritime transport.
Swedish company Waves4Power has formed a strategic alliance with U.S.-based clean charging technology developer EnergyTwo to harness solar, wave power and energy storage to meet the increased demand for electrification and on-site charging for clean electric machines.
The National Renewable Energy Laboratory (NREL) researchers are exploring ways to significantly advance the wave energy sector by developing concepts in which many small energy converters can be aggregated to create a single structure.
Welsh marine energy developer Marine Power Systems (MPS) has reached over its £2 million crowdfunding target in an ongoing campaign that just opened for the general public.
Scottish wave energy developer AWS Ocean Energy has reached a milestone in the construction of its Waveswing wave energy device, having joined two large concentric cylinders to give the device its final shape.
The first tidal turbine, along with an environmental monitoring system, will be installed this week at the Bourne Tidal Test Site, located in Cape Cod Canal in Massachusetts.
Marine-i project has been engaged by Community Energy Plus (CEP) and Cornwall Offshore Renewable Energy Ventures (COREV) to support the detailed research and feasibility studies on the development of small-scale tidal range solution for Hayle Harbour.
Portuguese electric utility EDP has secured the final license for the installation of a floating solar farm with 12,000 panels in Alqueva Reservoir.
Columbia Power Technologies’ (C-Power’s) SeaRAY autonomous offshore power system (AOPS) has arrived at National Renewable Energy Laboratory (NREL) for final verifications ahead of demonstration offshore Hawaii.
