Ocean Power Technologies (OPT) has executed a new common stock purchase agreement with Aspire Capital Fund. The new deal will sea OPT sell up to $12.5 million in common stock to Aspire Capital over a term of 30 months. This follows a $10-million purchase agreement from October last year. OPT also in
The US Water Power Technologies Office has opened the 2021 Marine Energy Collegiate Competition (MECC) for applications. MECC enables diverse teams of students to get real-world experience exploring marine energy solutions for the blue economy. The competition is specifically open to undergraduate a
The Dutch Marine Energy Centre (DMEC) and the European Space Agency (ESA) will launch a tender on 14 September, aimed to accelerate marine energy solutions. It will assess technical as well as economic viability of using space technology and data in support of marine energy. The tender will give an
South Tyneside Council has secured almost £500,000 to develop a manufacturing zone for the offshore energy sector. Coming from the UK Government’s Local Growth Fund through the North East Local Enterprise Partnership (LEP), the funding will be used to support high growth businesses in the advanced m
There are only two weeks left to apply for the EU-funded Ocean DEMO 3rd call. Successful applicants will receive free access to test their ocean energy products and services in real sea environments at the project’s network of test centres. This call will focus on supporting technology developers wi
Marine-i is launching a series of online events to explore the opportunity for incorporating marine energy into smart grids, especially in isolated communities. This series is a collaboration between Marine-i and the EU-funded ICE (Intelligent Community Energy) Project, which aims to design and impl
Marine Renewable Energy Collaborative (MRECo) and Coastal Ocean Vision, president, Dr. Scott Gallager will install the next generation continuous particle imaging classification system CPICS on the Bourne Tidal Test Site structure. Weather permitting, the installation should take place on Tuesday, 1
Ocean Power Technologies (OPT) has opened new office in Houston, Texas to support Gulf of Mexico and broader U.S. and South American opportunities. The new OPT office will serve as the base for the company’s regional sales and business development activities, headed by OPT’s VP Global Business Devel
The European Marine Energy Centre (EMEC) has been designated with Renewable Energy Testing Laboratory (RETL) status, the highest international designation for marine energy test laboratories. RETL designation is awarded by the International Electrotechnical Commission – Renewable Energy System (IECR
The new EU Strategy on Offshore Renewable Energy must include a target of 100MW of ocean energy installed in Europe by 2025, Ocean Energy Europe reported. This would be enough to power 100,000 European homes a year, and would pave the way for installing 3GW by 2030 and 100GW by 2050. This target wou
OceanBased Perpetual Energy has experienced a delay in testing equipment deployment in the Florida Gulf Stream, due to the Hurricane Isaias. OceanBased Perpetual Energy, working with FAU’s Southeast National Marine Renewable Energy Center, was set to deploy a two-year sonar test equipment to find th
The Supergen Offshore Renewable Energy (ORE) Hub has awarded almost £1.2 million to UK universities to support research projects investigating all aspects of offshore renewable energy. The Hub’s Flexible Funding has been established to enable UK researchers to respond to a number of key research cha
The Dutch Marine Energy Centre (DMEC) has joined forces with the European Space Agency (ESA) to accelerate marine energy solutions. The partnership will explore the added value of space tech and data in the development of marine energy. It can play a key role in the acceleration of marine energy sol
Energy regulator Ofgem has approved the 600MW HVDC subsea transmission link connecting Shetland to the Scottish mainland. The link, advanced by SSEN Transmission, will facilitate the connection of renewable electricity developments on Shetland. This includes SSE Renewables’ 443 MW Viking wind farm w
