The Finnish company AW-Energy Oy (AWE) is raising funds to support its first commercial installations of WaveRoller technology in 2021. To that end, AWE has hired Fredericks Michael & Co. to help identify and approach strategic partners, and financial investors. With projects in US, Europe and Asia,
The US Department of Energy announced the winners of the second stage (DESIGN) of the Waves to Water Prize. Waves to Water launched in February 2019 by assistant secretary Daniel R Simmons. It calls on US innovators to deliver wave energy-powered desalination systems to remote coastal and island com
Shepherd Offshore is constructing one of Europe’s largest offshore testing tanks at Neptune Energy Park in Walker, Newcastle. Located on the North Bank of the Tyne, the Neptune Enterprise Zone is one of the UK’s six centres for offshore renewable engineering (CORE) sites. This development to the fac
Simec Atlantis Energy has appointed Investec Bank as the company’s nominated adviser and sole broker, effective immediately. Also, the company sad that its tidal turbine array recently reached 29GWh produced to the grid. Furthermore, Simec Atlantis through its partnership with ITPEnergised recently
Marine energy developer Minesto has completed the first offshore installation phase of its Faroe Islands project. The company has set up the gravity-based foundation for the powerplant at the site in Vestmannasund. David Collier, COO at Minesto, said: “The operations team has managed to safely progr
Offshore solar energy systems are an emerging application in which photovoltaic (PV) systems are installed directly over bodies of water. Floating solar photovoltaic is a subset of that technology in which PV panels are mounted on buoyant substructures. PV panel technology is similar to traditional
European Marine Energy Centre (EMEC) has been selected by POM West Flanders to aid the development of the ‘Blue Accelerator’ test platform into an international hub for blue growth. Blue Accelerator is a maritime innovation and development platform, located approximately 500 meters from the eastern
Italian energy giant Eni has announced a major overhaul of its business as it steps up efforts toward energy transition. The company will create two business units with one focused on oil and gas called “Natural Resources” and the second new unit which will focus mainly on renewable energy named “En
The EU-funded Ocean DEMO project has opened its 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 with high readiness le
Oneka Technologies has partnered with REDE (Renewable Energy Development Enterprise) which is developing projects in Chile and bringing renewable energy solutions. The Canadian firm specifically designs autonomous desalination buoys that use wave energy to produce drinking water. Chile is a country
Eco Wave Power has reported a wider net loss for the first quarter of 2020 with no revenues and increased costs. The wave energy technology firm booked a loss of SEK 4.4 million (USD 466,000/EUR 419,000), increasing from SEK 1.7 million a year earlier. Operating costs almost doubled to SEK 1 million
Orkney marine specialist Leask Marine is looking for tidal turbines or licences for its mobile marine floating platform the “MARINUS”. The Marinus is the very first Orkney-built tidal platform. It is part of Instream’s technology diversification into the marine environment. The Canadian firm picked
Miami-based OceanBased is working on what could be one of the largest renewable energy projects in the world. In collaboration with the Southeast National Marine Renewable Energy Center (SNMREC) at Florida Atlantic University (FAU), OceanBased has demonstrated that clean, renewable perpetual energy
The Testing Expertise and Access for Marine Energy Research (TEAMER) program is now accepting applications for testing and expertise support. Announced by the US DOE last year, TEAMER’s mission is to accelerate the viability of marine renewables. It provides access facilities and expertise to solve
