Danish wave energy firm Wavepiston has secured a €900,000 investment from two professional investors through The Blue Line, a Dutch joint venture (JV) company. The Blue Line is backed by Connect the Drops, a Dutch investment fund focused on the water sector, and Unknown Group, a venture capital firm
The SHINES project (Showcasing Hydrokinetic energy Innovations for Northwest European Energy Sovereignty) has launched, bringing together 14 partners from France, Ireland, Belgium, the Netherlands, Switzerland, and Germany to scale up tidal and river energy deployment. With €10 million in funding, 6
UK-based tidal energy company Proteus Marine Renewables (PMR) has secured a seat on the Ocean Energy Europe (OEE) Board of Directors, with CEO Drew Blaxland representing the company as a new Lead Partner. According to OEE, PMR has been developing its AR series of bottom-mounted tidal turbines for ov
Tidal energy developer Normandie Hydroliennes’ NH1 tidal energy project has been awarded €31.3 million in funding from the European Union’s 2023 Innovation Fund. According to Normandie Hydroliennes, the grant will accelerate the deployment of one of France’s first commercial-scale tidal energy pilo
The European Marine Energy Centre (EMEC) has appointed Matthew Finn as its new Managing Director. Finn will lead a reshaped executive team as the facility for demonstrating and testing wave and tidal energy converters advances its clean energy initiatives. EMEC’s leadership revamp also sees Mark Ham
Italy could install up to 1 GW of offshore solar capacity in the next five years, enough to supply electricity to around half a million households annually, according to estimates of a new position paper by the Italian Association of Offshore Renewable Energy (AERO). Unveiled by SolarinBlue, the rep
Researchers from Observatoire Océanologique de Banyuls-sur-Mer have completed the first environmental sampling mission for the French renewable energy company Solarin Blue’s Méga Sète offshore floating solar project. According to SolarinBlue, the assessment, carried out off the coast of the Port de
Swedish tidal energy developer Minesto has been selected to participate in the Global Innovation Accelerator (GIA), a program funded by the Swedish Energy Agency and operated with Business Sweden. According to Minesto, the initiative supports companies with an international market strategy that con
French renewable energy company SolarinBlue has completed a geotechnical survey and anchor traction tests for its 1 MW offshore solar project, Méga Sète, supported by France 2030. According to SolarinBlue, the field tests, conducted on February 27 and 28, assessed the viability of the anchoring syst
Marine engineering specialist Tadek has expanded into new UK offices as its focus on offshore wind and marine renewables sharpens. Tadek’s new offices are located in One Crown Square, Woking, near London. According to Tadek, the move comes as the company strengthens its partnerships with industry p
The European Commission is pushing for a workforce shift as part of its Clean Industrial Deal, encouraging offshore oil and gas workers to transition into renewables, mainly offshore wind and ocean energy. Commission President, Ursula von der Leyen said: “Here we need your input. For example, on how
A wave energy device developed by Dutch wave energy company Slow Mill Sustainable Power has generated electricity from North Sea waves for the first time. According to Slow Mill Sustainable Power, the wave energy generator was tested off the coast of Scheveningen last week, marking a key milestone i
Wave Energy Scotland (WES) has unveiled a concept design for a multi-megawatt cluster of wave energy converters (WECs), aiming to improve efficiency and lower costs in offshore renewable energy. The design explores clustering multiple wave energy devices into a single moored and electrically connect
Wave energy developer Eco Wave Power has presented its 2024 financial results, highlighting cost reductions, revenue generation, and a strengthened financial position. The company raised $3 million through a registered direct offering, bolstering its financial resources. Operating expenses fell by 7
