Irish hydrokinetic turbine developer GKinetic Energy has successfully secured an Indonesian patent. GKinetic also has patents in Europe, Australia, China as well as the USA. It enables the company to enter key markets with viable tidal energy potential to further develop the technology. According to
Ocean Power Technologies (OPT) has executed a new common stock purchase agreement with Aspire Capital Fund. The new deal will sea OPT sell up to $12.5 million in common stock to Aspire Capital over a term of 30 months. This follows a $10-million purchase agreement from October last year. OPT also in
The European Marine Energy Centre (EMEC) is seeking tenders for IT support for the entire organisation. A single-supplier framework agreement is for a period of 3 years and with the option of two one-year extensions. EMEC will keep the tender open until 16 October 2020. The IT support contract, valu
Eco Wave Power (EWP) has established EW Portugal – Wave Energy Solutions, Unipessoal lda, a wholly owned subsidiary in Porto, Portugal. This move should enable EWP to commence official licensing procedures for its planned 20MW wave energy project in Portugal. This is part of the company’s concession
French tidal energy developer HydroQuest is joining the Ocean Energy Europe board of directors as a lead partner. Specifically, HydroQuest will be represented by Guillaume Gréau, head of business development. Building on a decade’s experience in developing river current turbines, in 2016 HydroQuest
Finnish technology developer Wello has chosen the Basque test site to trial its latest Penguin wave energy converter. This year, Wello will install its floating WEC at the BiMEP marine energy test site off the coast of Armintza. Consequently, a deal was signed this month and the device should be ins
The Supergen Offshore Renewable Energy Hub is inviting applications for the Early Career Researcher (ECR) Research Fund. The fund is designed to be a flexible research fund for ECRs to support small activities that either supports and develops existing research activities, or develops skills further
Ocean Power Technologies (OPT) has recorded around 13 per cent increase in net loss for the first quarter of fiscal 2021 as compared to the same period last year. The Q1 of FY21 net loss was $3.4 million, against $3 million in the prior-year comparable period. According to OPT, the loss was specific
Pembrokeshire Coastal Forum (PCF) is looking for insurance broker to provide cover for third party liability risk and removal of wreck activities for both PCF/META and META clients. A Marine Energy Test Area (META), led by Marine Energy Wales within the Milford Haven Waterway, will enable technology
Looking at current developments, Navingo has had to adapt to a changing reality and its customer wishes more and faster than ever before in order to realise a full-value Offshore Energy Exhibition & Conference (OEEC) and an effective Navingo Career Event (NCE). Therefore, both events will continue o
Pembrokeshire Coastal Forum’s initiative Marine Energy Wales has welcomed two new members. The new members are OGSC Renewables and Safinah Group. OGCS Renewables are project management consultants with experience in the renewables sector including floating offshore and deep water structure projects.
Swedish wave energy tech developer Ocean Harvesting Technologies has secured a €300,000 investment from Lundin Foundation. The investment matches a grant from the Swedish Energy Agency for the next development phase of the company’s InfinityWEC technology. InfinityWEC is a modular and scalable wave
The US Water Power Technologies Office has opened the 2021 Marine Energy Collegiate Competition (MECC) for applications. MECC enables diverse teams of students to get real-world experience exploring marine energy solutions for the blue economy. The competition is specifically open to undergraduate a
Canada is investing $9.4 million in four tidal energy projects that will bring clean energy technologies to the Atlantic region. The announcement took place following a tour of the Fundy Ocean Research Centre for Energy’s facilities in Parrsboro, Nova Scotia. Nova Innovation has secured $4 million t
