Irish-based hydrokinetic developer GKinetic Energy has opened a €2 million funding round focused on ramping up its commercialization activities.
AWS Ocean Energy has unveiled ‘highly encouraging’ results from the current phase of sea trials of its Waveswing wave energy device at the European Marine Energy Centre (EMEC) in Orkney.
Dutch company SeaQurrent has closed a multi-million euro funding round, securing support from major organizations for the development of its tidal energy technology and projects.
Danish wave energy company Wavepiston has started accelerated tests of its technology at Technical University of Denmark’s (DTU) test facility as part of the EU-backed VALID project.
ACWA Power has signed a deal with Indonesia’s state-owned electricity utility PT Perusahaan Listrik Negara (Persero) to develop two floating solar projects in the world’s largest archipelagic state.
State Power Investment Corporation (SPIC) has put into operation the world’s first offshore floating solar power plant integrated with offshore wind turbine, at a site located off the coast of China’s Shandong Province.
French company Sabella has reached a new milestone in the demonstration of its tidal energy technology and brought the Ushant Island closer to fully decarbonizing its energy supply system.
As the UNEP points to slow progress on achieving 1.5°C target, it is more urgent than ever to put pledges into action, and accelerate the transition with strong support from the financial sectors.
Keppel Infrastructure, National University of Singapore (NUS), and Nanyang Technological University (NTU Singapore) have teamed up to explore the development of an offshore hybrid system which could harness solar, wind, and tidal energy for continuous power generation.
Offshore Energy Exhibition & Conference 2022, coming up on 29 and 30 November in Amsterdam, will feature a Hydrogen Area for the first time, with TotalEnergies, Strohm, Green Team Twente, Shell, and TU Delft Hydro Motion Team set to join this inaugural moment for Offshore Energy and Navingo BV.
The European Investment Bank Group (EIB Group) has agreed to support the REPowerEU plan with additional €30 billion in loans and equity financing over the next five years.
German renewable energy company BayWa r.e. has made progress on the construction of Austria’s largest floating solar power plant that will, once constructed, be able to supply 7,500 households with green electricity.
US-based marine energy company C-Power has launched a program which offers organizations diverse opportunities at varying levels of resource commitment to bring ocean energy into their innovation roadmaps.
ORPC Canada, a subsidiary of US-based company ORPC, has deployed its first RivGen hydrokinetic power system in Canada, which generates emission-free electricity from free-flowing rivers and tidal currents.
