Simec Atlantis Energy has booked losses and a reduced consolidated cash position for the period ended 31 December 2019. Overall Group losses for the year 2019 were £35.4 million, versus loss of £24.1 million in 2018. The increase is primarily attributable to a £16.1 million non-cash disposal of seab
The EU-funded DTOceanPlus project has recently produced two new deliverables now openly shared with the marine energy sector. Deliverable D7.3 – Scenarios Input Data which describes the compilation of required data inputs for the various validation scenarios. A set of project data characterises each
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 US Department of Energy’s (DOE) Water Power Technologies Office (WPTO) and the National Renewable Energy Laboratory (NREL) have launched the Science, Technology, Engineering, and Math (STEM) education portals for water power technologies. Water power is a flourishing segment of the renewable ene
Subsea protection specialist Tekmar said that James Ritchie-Bland has resigned as CEO and stepped down from the board. He plans to leave the business before the end of the current financial year. Alasdair Macdonald (Ally), currently non-executive chairman of the Group, has assumed the role of execut
A floating solar demonstration project to be installed within the Hollandse Kust Noord offshore wind farm site will be constructed in 2025, according to TNO, the Dutch organization for applied scientific research. TNO will work on research and demonstration of offshore solar energy in the new offsho
The Swedish Energy Agency has recently opened a call for the development of cost-effective and sustainable marine energy systems. The Agency’s support within the framework of this call for proposals is approximately SEK 30 million ($3.45 million). Also, each project within the call for proposals may
Subsea services group Acteon has recently opened its new facility in Westhill, Aberdeen. The company has obtained the extensive newly built premises, spanning over a total of 55,000 square feet. The centre should simplify the interface for its clients and boost service delivery for survey, marine el
Swansea-based Marine Power Systems (MPS) has hit a £1.5 million crowdfunding target in just two weeks since its launch and is now over-funding. The campaign, set up at the London-based equity crowdfunding platform Seedrs, now has a goal of reaching £2 million. Specifically, these funds should suppor
Swansea-based company is developing a flexible ocean energy extraction technology that can harness wave energy, wind energy and combined wind and wave energy at grid scale. All the machines share a common floating platform technology said to have cost and deployment advantages over other floating pl
Norway’s GCE Ocean Technology has welcomed Oslo-based Ocean Oasis as its new member. Ocean Oasis develops a wave-powered desalination solution to deliver fresh water to shore with zero emissions The company gets support from the early-stage accelerator and venture capitalist Antler in Oslo and EU Cl
The 759 MW Hollandse Kust (noord) offshore wind farm will include five technology demonstrations that could be implemented at full-scale in the future, CrossWind, the consortium developing the wind farm, said. These include a floating solar park, short-term battery storage, wind turbines that are op
Swedish marine energy developer Minesto has seen another setback on its tidal energy project in Vestmannasund, Faroe Islands. During the initial commissioning phase of its DG100 tidal energy converter, a mechanical failure occurred in the powerplant’s mooring interface and denied further operations.
Industry body Scottish Renewables has released a new report analysing contribution of renewable energy to the economy of rural Scotland. The report reviews five economic studies carried out over the past three years. It shows the “remarkable an undeniable” positive effects of the sustainable develop
