US-based marine energy company Ocean Power Technologies (OPT) has increased its net loss for the fiscal year 2023, compared to the same period a year earlier, recording also a 55% rise in revenues for the period.
US-based wave energy developer Oscilla Power has started with the construction of 1:6 scale version of its 1MW Triton wave energy converter.
The US Department of Energy (DOE) has invested nearly $10 million in seven innovative projects that will accelerate development and testing of marine energy technologies.
The power sales from the MeyGen tidal energy project have reached €4.5 million in 2022, according to the developer of the project SIMEC Atlantis Energy, which also unveiled plans for potential combination of the tidal power scheme with its battery energy storage systems (BESS) business.
The US Department of Commerce and National Oceanic and Atmospheric Administration (NOAA) have launched the Ocean-Based Climate Resilience Accelerators program, designed to support blue economy startups and concepts.
Canadian company Oneka Technologies has teamed up with the City of Fort Bragg to deploy the first wave-powered desalination project in California.
North Wales-based company Jones Bros Civil Engineering has made progress on the construction of onshore infrastructure for the Morlais tidal energy project and is now on track to complete the works ahead of original schedule.
The Water and Power Development Authority of Pakistan (WAPDA) has signed two memorandums of understanding (MoU) with the Private Office of His Royal Highness Sheikh Ahmed Dalmook Al Maktoum of United Arab Emirates for capacity enhancement of existing small hydroelectric power plants and the developm
Scottish marine energy company QED Naval has welcomed several new members to its team to further advance its tidal energy business and projects.
With temperatures reaching all-time high all over the globe, it is difficult not to question whether we are doing enough to stop or even slow down global warming. But that did not interrupt the European energy players to make new deals and link up with each other to reap the benefits of the offshore
Swedish company Waves4Power has been selected to participate in Launch Alaska’s 2023 Tech Deployment Track, a program which accelerates decarbonization and deployment of climate tech solutions by helping companies forge partnerships and identify projects in Alaska.
Eco Wave Power and its project partner Rogan Associates have conducted an official site visit to the Port of Heraklion in Greece to discuss the next steps for the planning of the 2MW wave energy project.
Danish company Wavepiston has made progress with its full-scale system that will soon be deployed offshore Canary Islands to demonstrate cost-efficient power production and desalination of seawater using wave energy.
SeaVolt project partners, which include Tractebel, DEME, and Jan De Nul, are making final preparations to install its first offshore solar energy test platform in the Belgian North Sea.
