Australian wave energy developer, Carnegie Wave, has started capital raising via a share purchase plan (SPP) to raise up to Au$5 million for its Garden Island CETO 6 and renewable microgrid projects. The SPP will allow all eligible Carnegie shareholders to purchase between Au$3,000 and Au$15,000 wor
General Electric (GE) has completed the acquisition of Alstom’s power and grid businesses following the regulatory approval of the deal in over 20 countries and regions. In April 2014, GE reached an agreement with Alstom to purchase Alstom’s power and grid businesses for €12.35 billion, but the deal
Norwegian-based tidal energy developer, Tidal Sails, has received all the necessary permits to develop a 4 MW tidal energy power plant in Kvalsund Strait, near Hammerfest, Northern Norway. According to Are Børgesen, Chairman and Founder of Tidal Sails, the project proposal is up for European Commiss
DNV GL has issued new service specification certification of tidal turbines and arrays, along with a new technical standard for tidal turbines. The new service specification DNVGL-SE-0163 Certification is built on the foundation of DNV-OSS-312 Certification of Tidal and Wave Energy Converters and th
Wave Energy Scotland (WES) has allocated £2.25 million to 8 technology developers and consortia as part of its second competitive call for novel wave energy converters. The projects will receive £300,000 each to take their technologies through WES’ stage one technology development process over the p
CorPower Ocean, a Swedish wave energy developer, has completed €6.5 million funding round for the development of its wave energy technology whose design was inspired by the pumping principles of human heart. According to CorPower, the investment will allow a third round of testing of its CorPower wa
US Department of Energy (DoE) has selected California Polytechnic University (Cal Poly) to receive $1.5 million in additional funding for the California Wave Energy Test Center (CalWave) project. According to Stonehenge Metals, part of the Cal Poly team, the $1.5 million funding award is targeted at
Tidal Energy Today has compiled the top news from tidal and wave energy industry from October 26 – November 1, 2015. Aquamarine Power goes into administration The Edinburgh-based wave energy developer has called in the administrators to manage the business and seek a sale or investment via the admin
The Scottish Green Energy Awards, a renewable energy competition, has announced the finalists in 13 categories designed to recognise the people and organisations contributing to the renewables sector in Scotland. This year’s finalists include the European Marine Energy Centre (EMEC), competing with
One year on from the official opening of their Fast Flow Facility, engineers and scientists at HR Wallingford are celebrating a first year in business. The Fast Flow Facility was officially opened on October 30, 2014, comprising a 75 m long and 8 m wide flume holding a million litres of water that c
Ocean Power Technologies (OPT) has redeployed the repaired APB350 A1 PowerBuoy following the damage caused by the hurricane earlier this year. According to OPT, the sea trials off New Jersey coast have been resumed. George Kirby, President and CEO of OPT, said: “We are encouraged by A1’s performance
Resolute Marine Energy, a Boston-based wave energy developer, might test its wave energy technology off Camp Rilea, Oregon. Camp Rilea is a training center for US armed forces, and according to The Daily Astorian, a local news publisher, Resolute Marine hopes to deploy two oscillating wave energy co
US-based GreenFix, and WorldFlix, have designed OASIIS technology that is capable of producing distilled water and electricity from using OTEC and solar thermal technology. The technology was invented and patented by GreenFix CTO Richard Henderson. According to GreenFix, once built, the 1 to 5 squar
The Renewable Energy Association (REA) has placed the blame on shallow government support for wave and tidal energy for the yesterday’s announcement of Aquamarine Power’s going into the administration. Responding to the news that renewable energy firm Aquamarine Power has called in administrators to
