The Government of Canada has passed into law the first four Clean Economy Investment Tax Credits (ITCs), set to attract investment, boost innovation, create jobs, and steer the nation’s economy towards achieving net-zero emissions by 2050.
Carnegie Clean Energy has raised $2.134 million from shareholders that are set to support the delivery of the first CETO deployment in Europe, as well as commercialization.
U.S.-based marine energy firm Ocean Power Technologies (OPT) has been selected as a preferred supplier for its wave-powered buoy, PowerBuoy, for delivery in the Middle East.
Following the completion of acceptance testing, UK-based tidal energy company Proteus Marine Renewables’ (PMR’s) Yaw System for tidal turbines is now en route for deployment subsea.
French company SolarinBlue has been awarded €6 million in funding for its floating solar project by the French government as part of the France 2030 program, operated by ADEME, the French Agency for Ecological Transition.
Seven European partners have reached the midway point in the construction of the storm-resistant ocean thermal energy conversion (OTEC) prototype at Hidramar Shipyard in Gran Canaria, Spain.
Scotland’s Green Marine (UK) has joined the U.S.-based C-Power’s Partner Engagement and Co-development (PEC) program to advance autonomous offshore power systems (AOPS).
Welsh company Marine Power Systems (MPS) has joined Quoceant’s Offshore Wind Growth Partnership (OWGP) project to accelerate the development of Q-Connect technology into the floating offshore wind market.
Inyanga Marine Energy Group and Verdant Morlais Ltd (VML) have inked a memorandum of understanding (MoU) to deliver a 4.9 MW tidal stream energy project at Morlais in Wales.
Scottish engineering consultancy Quoceant has received an IECRE Feasibility Statement for the quick connection system for marine renewable energy applications from Lloyd’s Register, a renewable energy certification body (RECB).
A study led by European universities has shown that wave energy could rival the cost-effectiveness of offshore wind by the 2030s at favorable locations.
Swedish company Ocean Harvesting Technologies is developing the sixth generation of its wave energy converter InfinityWEC, including the implementation and evaluation of a moment-based model predictive control (MPC) in its simulation model.
MacArtney Underwater Technology Group’s GreenLink terminations will connect technology at PacWave South (PWS), an Oregon State University platform for testing marine energy devices in open-ocean environments to advance wave energy as a reliable power source.
The Hague-based Wave Energy Collective (Weco) is to test its wave energy converter (WEC) in the Delta Flume at Deltares.
