Swedish-Israeli wave energy company Eco Wave Power has released financial results for the first half of 2023, reporting a decrease in net loss when compared to the same period a year before.
SIMEC Atlantis Energy has recorded a profit before tax of €5.2 million (£4.5million) for the first six months of fiscal 2023, as opposed to the loss of €9.9 million (£8.6 million) filed for the same period a year earlier.
Swedish ocean energy developer Minesto has completed the manufacturing of the Dragon 12 wing and started system integration at quayside in Uddevalla port in Sweden.
The U.S. Department of Energy (DOE) has supported six small business-led marine energy projects with close to $6.8 million in an effort to drive innovation in marine energy industry.
Irish company GKinetic Energy has showcased one of its 12kW hydrokinetic devices in the heart of Limerick city as part of the €30 million +CityxChange project.
Jeremy Smith, CEO of QED Naval and its Welsh subsidiary Mor Energy, talked with Offshore Energy about the funding it received in the latest UK government’s contracts for difference auction, the Subhub tidal energy technology, the issues the sector is facing in the UK and what can be done to accelera
The Port of Aberdeen, the UK’s oldest business, now boasts the country’s newest harbor, signaling a vibrant future for energy, trade, and tourism in Scotland’s journey towards net zero emissions. Namely, the port’s £420 million (USD 514 million) expansion project was officially inaugurated on Friday
With only two months left until the COP28 climate summit in Dubai, all eyes are turned to global leaders to take concrete steps to keep the goal of limiting global warming to 1.5 °C within reach. While the fossil fuels industry faces growing dissatisfaction from environmental activists, leaders from
Wave-powered desalination innovator Oneka Technologies has secured €8.7 million through equity round of financing, attracting various new investors on board. Oneka Technologies closed its main Series A equity round of financing with €8.7 million (CA$12.5 million) investment led by the Hoffecker Fami
The California State Senate has passed a ‘historic’ wave and tidal energy bill that directs the California Energy Commission to evaluate the feasibility, costs, and benefits of using wave and tidal energy across the Golden-State’s 840-mile coastline.
The Spanish government has awarded €1.2 million to Carnegie Clean Energy’s AGUAMARINA project to enhance and extend the deployment of its CETO wave energy device at Biscay Marine Energy Platform (BiMEP) in the Basque Country.
Fifteen years after its establishment, the Finnish company Wello has declared bankruptcy and ceased operations following the failure of two of its full-scale Penguin wave energy devices in real sea conditions, the last of which occurred offshore Spain in late 2021.
The US Department of Energy’s (DOE) Water Power Technologies Office (WPTO) and the Oak Ridge Institute for Science and Education (ORISE) have opened applications for the 2024 Marine Energy Graduate Student Research Program.
In preparation for its expansion in the United States, Swedish wave energy developer CorPower Ocean has signed a memorandum of understanding (MoU) with America’s blue economy research and developments center AltaSea at the Port of Los Angeles. The agreement will provide CorPower with access to facil
