Cassa Depositi e Prestiti (CDP), Fincantieri, Terna and Eni have signed a non-binding agreement to develop and build wave power stations on an industrial scale. The agreement seeks to combine the expertise of the collective companies to transform the Inertial Sea Wave Energy Converter (ISWEC) pilot
SEAI is leading a new pan-European project, Ocean Power Innovation Network (OPIN), which aims to accelerate the development of the ocean energy sector. With a three year budget of €2.6 million, SEAI will partner with organizations in the UK, Belgium, France, Germany and the Netherlands to explore wa
European Marine Energy Centre (EMEC) is looking for a Project Manager to manage the ReFLEX project and contribute to other key projects within EMEC. EMEC is leading the £28-million ReFLEX project which will design, build and deliver a virtual energy system in Orkney using localised power balancing m
ExxonMobil has made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of approximately 5.5 billion oil-equivalent barrels on the Stabroek Block. Yellowtail-1 is
LM Wind Power has produced the first blade for GE’s Haliade-X 12MW offshore wind turbine at its factory in Cherbourg, France. According to LM Wind Power, the 107m long blade, the world’s largest, has completed the molding process. The LM 107.0 P will now proceed with post-molding finishing touches,
US-based hydrokinetic developer Ocean Renewable Power Company (ORPC) has unveiled its first commercial RivGen Power System at Midcoast Regional Redevelopment Association’s Brunswick Landing, in Brunswick, Maine. Attendees toured the RivGen device, learning about various sub-components of the marine
Kraken Robotics has been awarded a financial contribution of $1 million from the Government of Newfoundland and Labrador under the Innovation and Business Development Funding (IBDF) program and will be used for the initial phase of the OceanVision project that Kraken plans to pursue as part of the O
The Carbon Trust has unveiled five winners of its dynamic export cable competition as a part of the Floating Wind Joint Industry Project (Floating Wind JIP), which aims to accelerate and support the development of commercial-scale floating wind farms. The competition winners are Aker Solutions, Furu
Tidal energy company Sustainable Marine Energy (SME) has secured equity investment of £3.46 million to further develop its PLAT-I tidal energy platform system. The Edinburgh-based business has closed its latest funding round, to which the Scottish Investment Bank (SIB) has committed £1 million on be
Lankhorst Ropes is working with SurfWEC, a partnership led by marine engineering firm Martin & Ottaway, to determine the most efficient mooring system for SurfWEC’s wave energy converters (WECs). SurfWEC was formed to develop WECs using patented technology that shapes waves, enabling increased energ
Odyssey Marine Exploration has entered into a share purchase agreement with Seabed Capital to acquire Seabed’s controlling interest in the company that holds a potentially significant subsea mineral deposit in the South Pacific in a non-cash transaction. This transaction aligns with Odyssey’s busine
Australian Government has provided a $70 million grant to set up a new Blue Economy Cooperative Research Centre to bring together national and international expertise in aquaculture, marine renewable energy and marine engineering as part of a collaborative effort between industry, researchers and th
A new generation of subsea technology has been used to improve safety and reduce cost in the North Sea oil and gas industry for the first time. Cutting-edge computing and subsea wireless IP camera technology deployed on a pipeline construction project enhanced diver safety and generated significant
Dedicated revenue support at national level is essential to attract investment for ocean energy farms, according to a new report from sectoral advisory body ETIP Ocean. The report ‘Powering Homes Today, Powering Nations Tomorrow’ analyses the challenges faced by the sector on the route to industrial
