US-based hydrokinetic developer Ocean Renewable Power Company (ORPC) is raising growth capital through an offering launched on private securities platform Netcapital. The offering is primarily directed at impact and institutional investors, but a portion of it has been reserved for Main Street inves
SIMEC Atlantis Energy has recently completed the subsea cutting process for the decommissioning of SeaGen tidal turbine. The SeaGen turbine, previously the world record holder for tidal generation, is the first tidal generator to be decommissioned in Strangford Lough, the company said in a social me
Ocean Power Technologies (OPT) said it has signed a master service contract with an undisclosed offshore oil and gas operator. The contract will govern all work with this customer within the U.S. and the U.S. outer continental shelf, including the provision of goods and services, OPT said. George H.
EMEC, the world’s leading test facility for wave and tidal energy converters, is looking to recruit an administration officer. EMEC is looking for an administration officer to support the company by providing key administrative services including reception cover and comprehensive business support. T
The U.S. Department of Energy has approved a $2 million, three-year grant to Portland State University engineering professor to study a new method of generating electricity from ocean waves. Jonathan Bird, associate professor of electrical and computer engineering, will study the feasibility of usin
The State Government of Western Australia has elected to terminate Carnegie’s Financial Assistance Agreement for the Albany Wave Energy Project , the company said on Tuesday. The company said it is disappointed with this decision as the State Government were provided with a revised project funding p
Ocean Power Technologies (OPT) has reported net loss for the third quarter of fiscal 2019 of $2.6 million, compared to a net loss of $1.7 million for the prior-year period. The increase in net loss in the current year period as compared to the same period of the prior year is mainly attributable to
Wave energy developer Mocean Energy has been selected for the Oil & Gas Technology Centre’s TechX Pioneer Programme. The Edinburgh-based company joins nine other start-ups that will get up to £100,000 to develop their business and technology as part of an intensive 16-week accelerator programme that
GCE Ocean Technology will offer financial support to cover travel expenses to member companies that wish to join its study tour to Orkney in May 2019. Participants will meet a variety of renewable players including businesses, R&D, university and public sector. Focus will be on wave and tidal power,
The Highlands and Islands is said to have an enormous potential in developing the marine economy according to a new study. The ‘Maximising the Marine Economy in the Highlands and Islands’ (MAXiMAR) study focuses on supporting the growth of aquaculture, wave and tidal energy and marine biotechnology
MarineEnergy.biz has compiled the top news from marine energy industry from March 04 – March 10, 2019. https://marineenergy.biz/2019/03/04/eel-energy-tests-fluvial-tidal-device-at-boulogne-sur-mer/ https://marineenergy.biz/2019/03/06/magallanes-tidal-device-powers-up-uk-grid/ https://marineenergy.bi
Mainstay Marine Solutions, based in South West Wales, has been awarded a contract by Australian based AMOG Consulting for the construction of its Wave Energy Converter (WEC) technology demonstrator device. The WEC is tuned to maximize the power from incoming waves by extracting energy from the motio
Eco Wave Power has hosted a visit of Eurovision winner and global ambassador for renewable energy, Ruslana Stepanivna Lyzhychko, at its wave energy power station in Jaffa Port, Israel. Ruslana arrived to the Eco Wave Power station, accompanied by Dr. Gideon Friedman, the chief scientist of the Energ
QED Naval has been granted Canadian patent application for the Subhub tidal platform. The application covers submersible apparatus and methods of installing anchoring equipment and refers to the hydrodynamic impacts of the Subhub. With this award of patent and the validation data from the technical
