Minesto’s largest owners BGA Invest and Midroc New Technology have exercised all of their warrants of series TO3, adding approximately SEK 44.7 million (€4.4 million) in proceeds for the company.
Swedish marine energy developer Minesto has enhanced and extended its intellectual property (IP) protection with the approval of a new patent related to its core tidal energy technology.
Denmark-based coatings supplier Hempel has provided coatings to protect Orbital Marine Power’s O2, the world’s most powerful tidal turbine.
French-based osmotic power pioneer Sweetch Energy has secured €5.2 million to develop its first full-scale osmotic power prototype and start the industrialisation phase for the novel clean power source.
Marine-i has agreed to support a year-long research programme that brings together three international businesses to identify the potential for wave, tidal and floating wind technologies to be deployed around the Isles of Scilly.
Swedish company CorPower Ocean has hired Bodycote, the world’s largest provider of heat treatments and specialist thermal processing services, to help optimise the key components of its C4 wave energy device.
Swedish tidal energy developer Minesto has made progress on the optimisation of its DG100 tidal power plant in Faroe Islands, which is now delivering grid-compliant electricity at new record levels.
Swedish Energy Agency has approved funding support of SEK 5.6 million (€550,000) for the project looking to advance Novige’s NoviOcean wave energy device.
Edinburgh-based marine energy specialist QED Naval has installed flow measurement equipment at its tidal test site off Yarmouth Harbour.
Danish wave energy developer Resen Waves has completed the verification of numerical model for its Smart Power Buoy.
Ireland-based ÉireComposites has secured the European Union funding to lead the international consortium to jointly develop and market marine hydrokinetic turbine (MHK) made of recycled carbon fibres.
Ocean Energy Europe (OEE) has appointed DP Energy’s Simon De Pietro and CorPower Ocean’s Patrik Möller as its new co-presidents to steer the ocean energy sector through crucial period.
Marine Energy Wales and Tidal Range Alliance have welcomed the Welsh government’s intention to reassess its potential support for the development of tidal range energy projects in Wales.
Swedish company Waves4Power has formed strategic partnership with Dutch engineering specialist Bnd-Engineering in a move to commercialize and deploy its WaveEL wave energy system globally.
