Swedish company CorPower Ocean’s wave energy initiative in Portugal has gained backing from the European Investment Bank (EIB), which views the project as an “innovative solution that could revolutionize the renewable energy landscape.” According to CorPower Ocean, the EIB is providing the company w
Carnegie Clean Energy’s subsidiary, CETO Wave Energy Ireland (CWEI), has secured a milestone payment of €203,437 under the EuropeWave Phase 3 contract. According to Carnegie, the funding recognizes the completion of design reports for the company’s CETO wave energy converter (WEC), marking an impor
Two Scottish companies, Ocean Kinetics and Green Marine, have completed the decommissioning of OpenHydro’s tidal energy platform at the European Marine Energy Centre (EMEC) in Orkney. According to Ocean Kinetics, the decommissioning project managed under a contract with EMEC, involved dismantling th
Australia’s aquaculture sector is moving towards a clean energy transformation, with wave energy microgrids identified as a viable solution to power operations and reduce emissions. Backed by findings from the Fisheries Research and Development Corporation (FRDC)-funded AquaGrid feasibility study, t
Scottish wave energy company Mocean Energy has secured £140,000 (around $178,000) of further commercial work and a £1.2 million (around $1.5 million) grant from Wave Energy Scotland (WES) to further develop a novel direct drive generator for wave energy technology. According to Mocean Energy, the fu
Google has signed a power purchase agreement (PPA) with Denmark’s Copenhagen Infrastructure Partners (CIP) for 250 MW of energy capacity at the Zeevonk offshore wind project in the Netherlands.
UK-based tidal energy developer Inyanga Marine Energy Group has unveiled the design of its 20 MW HydroWing tidal energy project, set to be deployed at the Morlais tidal energy site in Wales. According to Inyanga, the project will mark the first deployment of Tocardo’s T3 turbines, with each of the
Carnegie Clean Energy has secured a bond facility agreement with Export Finance Australia (EFA) to support the ACHIEVE Program’s CETO wave energy technology deployment at the Biscay Marine Energy Platform (BiMEP) in the Basque Country, Spain. The agreement is said to see EFA provide advanced paymen
Tidal energy developer Normandie Hydroliennes has initiated a crowdfunding campaign on the WiSEED platform to support the development of its 12 MW tidal turbine pilot farm in the Raz Blanchard, located near Cherbourg, France. Scheduled for commissioning in 2028, the project marks an important miles
The University of Western Australia (UWA) is advancing wave forecasting capabilities with the deployment of small drifting wave buoys designed to provide ocean data in real time. This initiative, led by UWA’s ARC Industrial Transformation Research Hub for Transforming Energy Infrastructure throug
Wave energy developer Eco Wave Power has entered into a securities purchase agreement with a single institutional investor to deploy commercial-scale wave energy technology. The offering involves the sale of 300,000 American Depositary Shares (ADSs), each representing eight common shares, at $10 per
Canadian Wave-powered desalination innovator Oneka Technologies and Chile-based Asfalcom have signed a memorandum of understanding (MoU) to deploy wave-powered desalination technology at Asfalcom’s production facility in Chile, marking a first for industrial water users in South America. According t
U.S.-based marine energy company C-Power’s SeaRAY ocean energy system has secured a statement of feasibility from third-party verifier DNV, paving the way for its deployment at PacWave South, located off the Oregon coast, in 2025. C-Power’s CTO, Ryan Calder said: “Third-party qualification milestone
Swedish tidal energy developer Minesto has finalized the design and technical specifications for its upgraded Dragon 12 tidal energy system, marking a step toward deploying the first Dragon farm at Hestfjord in the Faroe Islands. According to Minesto, the project’s Phase 1 targets a capacity of 10
