Marine energy developer Minesto has introduced the Dragon Class range of power plants, an upgraded design of its Deep Green technology for predictable renewable electricity generation from tidal and ocean currents. The Dragon Class will be delivered and installed in all of Minesto’s ongoing projects
Not long has passed since the first industry and governmental commitments to making concrete moves towards cleaner energy and shipping sectors. The road of the global energy transition started with pledges and strategies, and is planned to end in a greener, cleaner world – with all that needs to be
Martin Edlund, CEO of Swedish marine energy developer Minesto, has been nominated for the 2021 industry award Vi Maris. Vi Maris, meaning ‘Force of the Sea’, recognises individuals who have made outstanding contributions to the development of the ocean energy sector. According to Minesto, Edlund is
U.S.-based marine energy company Ocean Power Technologies (OPT) has reported a revenue of $0.3 million for the first quarter of fiscal year 2022, an increase from the $0.2 million in the first quarter of fiscal year 2021. The increase is primarily said to be the result of additional Strategic Consul
Schweizer Kapital Global Impact Fund is investing a further €3 million in SINN Power to support the market entry of the company’s Ocean Hybrid Platform (OHP) and the modular power electronics components ModTroniX (MTX).
Scottish Orbital Marine Power is set to lead a pan-European consortium to deliver the €26.7 million FORWARD-2030 project dedicated to accelerating the commercial deployment of floating tidal energy.
The UK has decided to support renewable energy projects through its latest Contracts for Difference (CfD) auction with an additional €265 million, of which €55 million per year has been earmarked for wave, tidal, floating wind and geothermal energy projects. Divided into three pots, this will be the
Dutch wave energy company Slow Mill Sustainable Power has completed inspection and sampling at sea for deploying Slow Mill – 40, its first wave energy converter, into the coastal waters of Texel.
ETIP Ocean has released results from the Gross Value Added (GVA) study stating that there is a significant benefit to be generated by supply chain activity servicing global (European and non-European) deployments of ocean energy to 2050.
The European Union’s key funding programme for research and innovation Horizon Europe has launched a €10 million call for projects related to innovative foundations, floating substructures and connection systems for ocean energy and offshore floating solar technologies.
The U.S. Department of Energy (DOE) has unveiled five teams that will advance to the final stage of the Waves to Water Prize, a competition focused on using the power of waves to develop clean energy-powered desalination technologies.
Marine Power Systems (MPS) has secured the support of the Offshore Wind Growth Partnership (OGWP) through the Wind Expert Support Toolkit (WEST) programme to further advance its floating offshore wind commercialisation strategy.
The 600kW Penguin wave energy converter, developed by the Finnish company Wello, has started generating clean power to the local Basque electricity grid.
Tension Technology International (TTI) has developed the NetBuoy design tool under Wave Energy Scotland’s materials and manufacturing programme.
