Minesto has completed the procurement of the foundation connection system for the DG100 model of the company’s subsea kite technology called Deep Green. A contract for design and development of the system has been awarded to Inyanga-Tech, with Quoceant as main sub-supplier. The foundation connection
US-based hydrokinetic developer Ocean Renewable Power Company (ORPC) said it has raised over $500,000 growth capital through an offering launched on private securities platform Netcapital. The offering, launched in March this year is primarily directed at impact and institutional investors, but a po
Irish tidal energy developer GKinetic Energy said it is now patent protected in the United States of America for the “Water Turbine Assembly” aspect of its tidal energy technology. The news of the company’s first North American patent came last week following its Chinese patent approval they secured
Bombora Wave Power Europe has issued a new tender call in order to appoint a contractor for the supply of a rubber membrane for the mWave wave energy converter. The rubber membrane is a key component of the mWave. It captures hydrostatic energy from the waves and coverts it to pneumatic energy, the
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Guinard Energies has connected its P154 tidal turbine to the French electricity grid. The connection is a part of the MegaWattBlue project co-financed by Guinard Energies, the Brittany Region and the ERDF (European Regional Development Fund). The project represents the first hybrid electricity produ
The CF2T project was recently launched, co-funded by the Ocean Energy ERA-NET Cofund and four European regions (Brittany, Pays de la Loire, Spain and Sweden). Led by Sabella, this project brings together Allia, Saitec, Rise and Alkit and will run until 2021. The project aims to develop a cost-compet
The first phase of a new £28.5 million project to create a Virtual Energy System (VES) in Orkney, Scotland, has been launched to digitally link distributed and intermittent renewable generation to flexible demand. The ReFLEX (Responsive Flexibility) Orkney project will demonstrate a first-of-its-kin
Ocean Power Technologies (OPT) has priced an underwritten public offering of common stock and warrants looking to raise approximately USD 15 million. The New Jersey-based wave energy conversion specialist is looking to sell about 4.28 million shares of common stock at $3.50 a share plus common warra
The Standardisation Institute for the Netherlands (NEN) is hosting the plenary meeting of the IEC Technical Committee TC114, developing standards for marine energy convertors, in Delft (NL) this year. From 8 to 12th April, over 60 experts from more than 10 countries convene at NEN. The plenary is ch
Francesco La Camera has taken office as the Director-General of the International Renewable Energy Agency (IRENA). Director-General La Camera will lead the Agency during a period of rapid change in the global energy landscape driven by an unprecedented growth in renewable energy and the ever-growing
Ocean Power Technologies (OPT) and Acteon Field Life Service, a subsidiary of Acteon have entered into a non-exclusive memorandum of understanding to develop, explore and exploit mutual opportunities in the global oil and gas and renewable markets. George H. Kirby, president and CEO of OPT, said: “W
Marine Energy Wales has released a new report at its annual conference, revealing that £96.2 million has been invested into the Welsh economy. The new ‘State of the Sector’ report outlines findings from a survey carried out by the Welsh industry body, and provides an update on a previous report publ
A new study commissioned by Crown Estate Scotland, and carried out by Everoze has provided a potential way forward for a more localized approach to offshore renewable energy deployment in coastal and island communities across Scotland. The study looked at six scenarios linked to a number of renewabl
