The offshore energy sector is currently going through a major change with the energy transition and sustainability as a driving force.
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.
Wave energy developer Oscilla Power has secured additional $2.4 million from the U.S. Department of Energy (DOE) to deploy its Triton-C wave energy device in Hawaii.
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.
XENDEE Corporation, Idaho National Laboratory (INL), and the Alaska Center for Energy and Power (ACEP) have been granted funding to assess the viability of tidal, wave, and river/ocean current technologies for powering remote Alaskan communities.
With marine energy on the cusp of significant growth, the National Hydropower Association has unveiled new industry deployment targets of 50MW by 2025, 500MW by 2030, and 1GW by 2035.
Denmark-based coatings supplier Hempel has provided coatings to protect Orbital Marine Power’s O2, the world’s most powerful tidal turbine.
South Korea-based wave energy developer Ingine has been selected to receive financial support from the Korea Environmental Industry & Technology Institute (KEITI) for 10MW wave energy project planned for Indonesia.
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.
The U.S. Department of Energy-supported Testing Expertise and Access for Marine Energy Research (TEAMER) program is now accepting applications for the third Request for Technical Support (RFTS).
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.
