SIMEC Atlantis Energy has scheduled subsea works at the MeyGen Tidal Array in Scotland’s Pentland Firth for late October, aiming to install a tidal turbine and recover monitoring equipment. SIMEC Atlantis Energy is set to carry out subsea operations at its MeyGen Tidal Array site in Scotland’s Pentl
CGEN Engineering, a new spinout company from the University of Edinburgh, has launched a modular generator system, designed to cut offshore renewables’ levelized energy cost (LCOE) by 10% to 15%. According to the University of Edinburgh, the lightweight, stackable system, suited for wave, tidal, an
UK-based tidal energy company Proteus Marine Renewables (PMR) has joined the American Tidal Energy Project to help unlock Alaska’s tidal power potential, with the project receiving $3 million in U.S. Department of Energy (U.S. DOE) funding to evaluate Ocean Renewable Energy’s (ORPC’s) Cook Inlet sit
US Researchers from North Carolina State University have developed a new modeling tool to help boost marine hydrokinetic projects by enhancing the design of ocean current turbines and providing risk assessments needed for permitting and insurance. According to the North Carolina State University, t
The U.S. Department of Energy’s (DOE) Water Power Technologies Office (WPTO) has allocated more than $33 million in funding to advance marine energy and hydropower projects. Out of the total funding, nearly $25 million is dedicated to 25 marine and hydropower research and development (R&D) projects
The Ondas de Peniche (ONDEP) project has launched as a consortium of major players gathered in Brussels, Belgium, to kick off the wave energy pilot farm. This initiative, aimed at harnessing wave energy for scalable solutions across Europe, includes consortium members such as Queen’s University Bel
Scottish wave energy company Mocean Energy and Aberdeen-based controls specialist Proserv have signed a memorandum of understanding (MoU) to accelerate the shift to low-carbon solutions for underwater operations. The duo aims to replace traditional umbilical power cables with a renewable-powered al
Swedish cleantech startup NoviOcean, formerly known as Novige, is gearing up to launch an equity crowdfunding campaign through R Europe, formerly Seedrs. This initiative will offer investors a chance to acquire equity in the company as it drives forward the commercialization of sustainable wave powe
Eco Wave Power, a Nasdaq-listed wave energy company, has signed an agreement with I-Ke International Ocean Energy, a subsidiary of Lian Tat, for the first sale of its wave energy unit in Taiwan, which is expected to open the doors to the Asian market for the Middle East-headquartered player. I-Ke wi
The National Science Foundation (NSF) has awarded $3.6 million in funding to a project that aims to determine the best way to harvest wave energy for coastal communities at Beaver Island, Michigan, and Nags Head, North Carolina, in the U.S. The University of Michigan-led project aims to provide rene
UK-based tidal energy company Proteus Marine Renewables (PMR) has had its cost reduction projections validated with the European Investment Bank (EIB), confirming that the levelized cost of energy (LCoE) reduction forecasts for its AR3000 tidal energy system are achievable. The independent report,
A consortium of ten universities, led by the University of Plymouth, is warning that urgent action is required for the UK to meet its 2050 Net Zero target, with significant acceleration needed in tidal, wave, and offshore wind energy growth. The latest report, ORE Outlook 2040, from the Supergen Of
Liverpool City Region Mayor has unveiled that the first public consultation for the Mersey Tidal Power project started just days after the formal planning process was initiated. This six-week consultation allows the public and local organizations to review and comment on the project’s early proposal
The Blue Economy Cooperative Research Centre (CRC) has unveiled a report, led by the University of Western Australia, outlining seven key recommendations to drive the advancement of Australia’s wave energy industry. According to Blue Economy CRC, wave energy could boost Australia’s AUD 118 billion (
