Swedish company CorPower Ocean has secured €32 million in Series B1 funding to advance the commercialization of its wave energy technology, marking a step towards making wave power a mainstream, bankable energy source. This latest investment round, the largest single investment into CorPower’s techn
Inyanga Marine Energy Group has taken control of the D10 tidal turbine, the first grid-connected tidal turbine in France, securing permission to operate the facility in the Fromveur Passage, off the coast of Brittany, until August 2028. The turbine, which delivers clean energy to the island of Usha
U.S.-based Ocean Power Technologies (OPT) has secured a partnership with industrial service provider 3B General Trading & Contracting to advance Kuwait’s offshore energy and maritime projects. The agreement paves the way for the deployment of OPT’s wave adaptive modular vessels (WAM-Vs), unmanned s
The UK-based marine technology consultant Cape Horn Engineering has completed the first validation of its computational fluid dynamics (CFD) analysis for Spiralis Energy’s Axial Skelter tidal test rig, delivering a match to experimental data with less than 1.5% deviation. Following nearly a year of
Swedish tidal energy developer Minesto has assigned consulting company Ernst & Young (EY) to support the development of the 10 MW Hestfjord Dragon Farm in the Faroe Islands, aimed at scaling tidal energy solutions as part of a broader plan to deploy 200 MW in tidal energy capacity. The Hestfjord Dra
Finland-based AW-Energy’s WaveRoller has secured the approval of the environmental impact assessment (EIA) to deploy the ocean energy pilot project in Nambia. According to Kaoko Green Energy Solutions, the approval was granted by Namibia’s Ministry of Environment, Forestry, and Tourism, which enable
SIMEC Atlantis Energy has scheduled subsea works at the MeyGen Tidal Array in Scotland’s Pentland Firth for late October, aiming to install a tidal turbine and recover monitoring equipment. SIMEC Atlantis Energy is set to carry out subsea operations at its MeyGen Tidal Array site in Scotland’s Pentl
CGEN Engineering, a new spinout company from the University of Edinburgh, has launched a modular generator system, designed to cut offshore renewables’ levelized energy cost (LCOE) by 10% to 15%. According to the University of Edinburgh, the lightweight, stackable system, suited for wave, tidal, an
UK-based tidal energy company Proteus Marine Renewables (PMR) has joined the American Tidal Energy Project to help unlock Alaska’s tidal power potential, with the project receiving $3 million in U.S. Department of Energy (U.S. DOE) funding to evaluate Ocean Renewable Energy’s (ORPC’s) Cook Inlet sit
US Researchers from North Carolina State University have developed a new modeling tool to help boost marine hydrokinetic projects by enhancing the design of ocean current turbines and providing risk assessments needed for permitting and insurance. According to the North Carolina State University, t
The U.S. Department of Energy’s (DOE) Water Power Technologies Office (WPTO) has allocated more than $33 million in funding to advance marine energy and hydropower projects. Out of the total funding, nearly $25 million is dedicated to 25 marine and hydropower research and development (R&D) projects
The Ondas de Peniche (ONDEP) project has launched as a consortium of major players gathered in Brussels, Belgium, to kick off the wave energy pilot farm. This initiative, aimed at harnessing wave energy for scalable solutions across Europe, includes consortium members such as Queen’s University Bel
Scottish wave energy company Mocean Energy and Aberdeen-based controls specialist Proserv have signed a memorandum of understanding (MoU) to accelerate the shift to low-carbon solutions for underwater operations. The duo aims to replace traditional umbilical power cables with a renewable-powered al
Swedish cleantech startup NoviOcean, formerly known as Novige, is gearing up to launch an equity crowdfunding campaign through R Europe, formerly Seedrs. This initiative will offer investors a chance to acquire equity in the company as it drives forward the commercialization of sustainable wave powe
