Top news, January 22 – 28, 2018

  • Business & Finance

Tidal Energy Today has compiled the top news from tidal and wave energy industry from January 22 – 28, 2018.

Nova Scotia opens application process for tidal permits

The government of Nova Scotia has launched a call for applications for tidal energy demonstration permits for projects up to five megawatts in size. The permits also give companies the ability to sell the electricity they generate.

They fall under the Marine Renewable-energy Act proclaimed by the Nova Scotia government on January 24, 2018, which also approved administrative regulations for the industry.

Nova sets up shop in Wales. Makes new appointment

Scottish tidal energy developer Nova Innovation has expanded its activities in Wales and appointed Kate Smith to the role of Environmental Manager. Nova opened a new office at the Galeri community enterprise center in Caernarfon. The company has already established presence in Wales, in the Pembroke Dock-based Marine Energy Hub.

WaveSub gets wet

Marine Power Systems (MPS) has launched its WaveSub wave energy device onto open water for the initial sea-based testing in Milford Haven.

The quarter-scale prototype of the WaveSub wave energy converter has already completed the first steps of an initial phase of testing by demonstrating its ability to be towed and accessed while being in surface configuration, the UK-based wave energy company MPS said.

Prior to the launch, the WaveSub underwent a full suite of land-based commissioning tests which form a structured program of verification to confirm the WaveSub’s suitability to progress to testing at sea.

Seabased grabs ownership of Sotenäs test & demo site

Swedish wave energy developer Seabased has unveiled plans to conduct several demonstration projects at Sotenäs test and demonstration area following the site ownership transfer from Fortum.

Seabased said it plans to use the existing infrastructure for several demonstration projects at Sotenäs, and is also considering options for opening the site as a test center for other wave energy technologies.

Wello beats €1M crowdfunding target

Finnish wave energy developer Wello has reached over the initial goal of €1 million in its ongoing crowdfunding campaign. The campaign, running until February 14, 2018, is open to over-subscriptions to a maximum of €2 million.

The wave energy developer said earlier it launched the campaign on the Invesdor platform to support its two-fold growth strategy for the company.

Tidal Energy Today

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