As the UK gets its new PM, OEUK believes this is an opportunity to accelerate energy transition with domestic oil & gas investments.
The partners in the EU-funded €3.4 million LiftWEC project have selected the final concept for a wave energy device, based on hydrodynamic lift forces, that will be put through its paces at the wave tank in Ecole Centrale de Nantes.
Marine Energy Wales has released its annual ‘State of the Sector Report’ which dives into the opportunities and economic benefits of the developing marine energy sector in Wales.
Dolphin Drilling has undertaken an equity issue to take advantage of increased day rates in the offshore drilling market.
With the global energy crisis unfolding and energy prices soaring, governments and companies are ramping up investments in renewables, energy efficiency and clean technologies.
Scottish marine energy specialist QED Naval is looking to establish its mainland operations base on the UK’s south coast.
US-based wave energy company CalWave Power Technologies has concluded its open-ocean wave energy pilot after 10 months of continuous operation off the coast of San Diego in California.
French pioneer of membrane-based tidal energy converters EEL Energy has closed an equity round, securing existing shareholders’ support and brining new international investors to the company.
US-based wave energy developer Oscilla Power has partnered up with the State of Hawaii and the University of Hawaii to test a new wave energy-powered emergency communication system.
The Bill Gates-founded investment fund Breakthrough Energy Ventures (BEV) has entered as an investor in Danish fuel cell company Blue World Technologies alongside Vaekstfonden, DEUTZ AG, and existing investors who invested back in December 2021 to complete the company’s €37 million series B round.
Norwegian floating solar company Ocean Sun has reported an increase in revenues for the first half of the fiscal year 2022, as opposed to the same period a year earlier.
The Australian energy crisis highlights the challenge of finding the balance between energy security and net-zero goals, says Wood Mackenzie.
SIMEC Atlantis Energy, the developer behind the MeyGen tidal power scheme, has achieved the first contractual milestone for the delivery of additional 28MW of tidal power capacity for the project as part of the UK’s fourth contracts for difference round.
The IEA and the OECD outline in their new analysis that the backing for fossil fuels almost doubled in 2021, reaching $697.2 billion.
