Ocean Power Technologies (OPT) has reported net loss for the second quarter of fiscal 2020 ended October 31, 2019 of $3.2 million, compared to a net loss of $3.9 million for the prior-year period. The decrease in net loss was mainly attributable to lower cost of revenues and decrease in engineering
Ellicott Dredge Technologies (EDT) has announced the sale of a Mud Cat Model MC 115D to Hedger Aggregate from Jonesboro, AR, to perform routine maintenance dredging of their sand wash plant ponds. According to Ellicott, the MC 115D will be used for continuous maintenance to maintain storage capacity
MarineEnergy.biz has compiled the top news from marine energy industry from December 02 – December 08, 2019. https://marineenergy.biz/2019/12/04/tidal-lagoon-power-kicks-off-1-5m-fundraising-campaign/ https://marineenergy.biz/2019/12/05/wes-call-awards-funding-for-wave-power-development/ https://mar
Sustainable Marine Energy (SME) and Fundy Ocean Research Center for Energy (FORCE) crew deployed the FAST-3 monitoring platform at the Bay of Fundy, Nova Scotia, Canada. The Fundy Advanced Sensor Technology (FAST) deployment is part of the Pathway 2020 Project which aims at providing a solution of e
In 2020, the European Institute of Innovation & Technology (EIT) will invest EUR 500 million in its Knowledge and Innovation Communities across Europe – the EIT Governing Board decided. This investment will drive European innovation in the areas of climate (EIT Climate-KIC), digitisation (EIT Digita
Firms from the subsea and offshore engineering sectors were among the winners in a Europe-wide call to find new technologies to quickly and easily connect wave energy devices at sea. The call from Wave Energy Scotland will award contracts to firms keen to bolster their involvement in the renewables
Aquarius Marine Coatings (AMC) has launched its anti-foul coating, Coppercoat-Commercial, in the offshore energy sector. The coating, which is said to contain exceptionally high levels of copper, a natural anti-microbial agent, protects subsea infrastructure from hosting layers of plant, animal and
Tidal Lagoon Power has launched a £1.2 million ($1.5 million) fundraise to enable the conclusion of works to secure in perpetuity the planning permission awarded to the Swansea Bay Tidal Lagoon. With shares priced at £2.50 and offered at a minimum subscription of £500, the Investor Memorandum target
Swedish marine energy developer Minesto has initiated the subscription period for new issue of units with pre-emptive rights for existing shareholders. The subscription period runs from December 4 to 18, 2019. Shareholders in the company who were listed in the share register kept by Euroclear Sweden
Fiellberg, supplier of hydraulic cylinders, and Wavepiston, developer of the Wavepiston wave energy converter, have worked together in the Eurostars LOCWEC project on improving the control of the loads on the Wavepiston energy collectors. Michael Henriksen, CEO of Wavepiston, explains: “One of the l
The first call for applications of the €2.5-million Blue-GIFT (Blue Growth and Innovation Fast Tracked) project ended in September with a successful outcome for nine companies. Funded by Interreg Atlantic Area, the Blue-GIFT project is a coordinated ocean energy technology demonstration programme, e
UniSite Group, a Ningbo based company involved in dredging, land reclamation, offshore projects, marine, mechanical engineering and green remediation projects, is showcasing their services and products related to dredging and marine construction fields at Marintec 2019 in Shanghai, China (December 3
Scottish engineering company Orbital Marine Power has issued a tender call for the design and provision of 2 hydraulic mooring winches for its O2 2MW Floating Tidal Energy Turbine project. The 4-months contract also includes all logistics associated with the loading and transport. Time limit for rec
MarineEnergy.biz has compiled the top news from marine energy industry from November 26 – December 01, 2019. https://marineenergy.biz/2019/11/28/marine-energy-alliance-opens-second-call-for-applications/ https://marineenergy.biz/2019/11/28/acmc-to-build-tidal-blades-for-orbital-o2-turbine/ https://m
