Canadian company Oneka Technologies has announced the opening of its subsidiary in Chile, following the successful demonstration of its wave energy-powered desalination technology in the country.
Global wave and tidal energy market was valued at $477.81 million in 2022 and is projected to generate a revenue of around $10 billion by 2031 at a compound annual growth rate (CAGR) of 43% during the forecast period, analytics and advisory company Astute Analytica found in its latest report. The re
US-based marine energy company Ocean Power Technologies (OPT) has commenced the first ocean tests of its next-generation increased power wave energy converter buoy.
Danish company Floating Power Plant (FPP) has signed a letter of intent with a specialist in sustainable recycling of maritime materials Renable for the supply of recycled steel for its floating renewable energy platforms.
After a long development process, the Marine Renewable Energy Collaborative (MRECo) will start the first full test of a tidal energy turbine at its Bourne Tidal Test Site in the Cape Cod Canal.
Scottish company Nova Innovation has expanded its tidal energy product portfolio with the addition of floating solar technology, announcing also plans for the installation of Scotland’s first array of floating solar panels later in 2023.
Swedish company Ocean Harvesting Technologies has embarked on a funding raise, targeting €400,000 to further optimize its InfinityWEC wave energy device ahead of sea trials.
The government of British Columbia has provided C$2 million ($1.5 million) to the University of Victoria Pacific Regional Institute for Marine Energy Discovery (PRIMED) for research into tidal energy technologies.
An electric utility providing services to San Juan County in the US state of Washington has started exploring the feasibility of developing a tidal energy project that would provide another layer of energy resilience for the island communities in the Salish Sea.
Australian company Wave Swell Energy has retrieved its UniWave200 wave energy device after being deployed for over two years off the coast of King Island in Tasmania.
Eco Wave Power has entered into an official power purchase agreement (PPA) with the Israeli National Electric Company (IEC) for the newly installed wave energy project at the Port of Jaffa in Tel Aviv.
The California Senate Bill 605 for wave and tidal energy, introduced by senator Steve Padilla of Chula Vista, aims to promote and facilitate the development and growth of marine energy industry in California.
Ocean Energy Europe has welcomed the inclusion of the 5% target for innovative renewable energy technologies as part of the revision of the EU Renewable Energy Directive (RED).
A new report co-authored by the IIRENA and OEE has provided a roadmap to decision makers on the various financing mechanisms for ocean energy and how they can be scaled up to secure investments for the sector.
