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Swedes inviting €1M investment to fund wave energy prototype
Marine Energy

Swedes inviting €1M investment to fund wave energy prototype

Sweden’s Ocean Harvesting Technologies is undertaking a €1 million share issue for the period 2026-2027 to finance the development and prototype testing of its wave energy converter (WEC). InfinityWEC is being developed under the ongoing INFINITY and WECHull+ EU-funded collaboration projects, with t

about 8 months ago
Scottish wave energy firm to launch demo projects in Taiwan and Guam
Marine Energy

Scottish wave energy firm to launch demo projects in Taiwan and Guam

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Scotland-based marine energy company ZOEX Power has secured the first-ever sale of its wave energy prototype device, after completing real-world sea trials on the Turkish Black Sea coast. The purchase order was secured from a fully owned subsidiary of Türkiye’s Ordu municipality, named Oren Ordu Ene

about 8 months ago
EIB to help Minesto strengthen investment case for 10 MW tidal energy project
Marine Energy

EIB to help Minesto strengthen investment case for 10 MW tidal energy project

The European Investment Bank (EIB) has selected Swedish tidal energy developer Minesto for in-depth investment advisory support focused on increasing the financial attractiveness and overall quality of the investment offer for a 10 MW tidal energy array as part of a larger build-out in a selected EU

about 8 months ago
Eco Wave Power pushes ahead with 1 MW project in Portugal
Marine Energy

Eco Wave Power pushes ahead with 1 MW project in Portugal

Israel-headquartered developer Eco Wave Power is moving forward with the development of its 1 MW wave energy project in Portugal, after wrapping up a wave and loads assessment in cooperation with MetOcean Consult, a Netherlands-based consultancy specializing in independent metocean analysis, environ

about 9 months ago
CETO Wave Energy Ireland passes halfway mark on EuropeWave payment
Marine Energy

CETO Wave Energy Ireland passes halfway mark on EuropeWave payment

Carnegie Clean Energy’s wholly owned subsidiary, CETO Wave Energy Ireland, has received two EuropeWave payments totalling €350,643, unlocked by completing several manufacturing deliverables for the ACHIEVE Programme. The payments were received under the EuropeWave Phase 3 Contract, which supports th

about 9 months ago
Offshore Energy Recap 2024
Marine Energy

Readers’ choice: Offshore Energy’s most-read news in 2025

As the offshore energy sector continued to navigate the energy transition and technological development, but also uncertainty, 2025 saw continued shifts in policy, investment, and project development across the global energy landscape. To mark the year’s end, the Offshore Energy editorial team looks

about 9 months ago
Minesto dismisses claim for damages received from former major shareholder
Marine Energy

Minesto dismisses claim for damages received from former major shareholder

Swedish tidal energy developer Minesto has dismissed a claim for damages directed against the company from the former major shareholder BGA Invest as unfounded. The claim for damages is allegedly based on the board of directors’ resolution to allot shares to BGA in the company’s rights issue carried

about 10 months ago
Maintenance and upgrade work completes at world's largest tidal stream array
Marine Energy

Maintenance and upgrade work completes at world’s largest tidal stream array

Offshore works, which included turbine recovery, have been completed at MeyGen, described as the world’s largest tidal stream energy development, located in Scotland’s Pentland Firth. UK-based tidal energy company Proteus Marine Renewables reported on December 18 that it had, together with project o

about 10 months ago
Orbital Marine Power gets €8M investment boost for tidal energy development
Marine Energy

Orbital Marine Power gets €8M investment boost for tidal energy development

Scottish renewable energy company Orbital Marine Power has secured a £7 million (around €8 million) investment to support its international commercial tidal stream projects, following new tidal energy licenses in Canada. Venture-focused investment firm PXN Ventures, the combined VC arm of Praetura V

about 10 months ago
€30 million EU project launches to push UK wave energy
Marine Energy

€30 million EU project launches to push UK wave energy

A consortium of six companies has launched a project aimed at addressing the competitiveness and bankability of wave energy farms by validating the technology in conditions required for large-scale deployment in UK waters. The consortium includes European Marine Energy Centre (EMEC), The University

about 10 months ago
CGEN Engineering tests its tidal energy generator at META; Courtesy of META
Marine Energy

WATCH: Next-gen tidal energy generator undergoes trials at UK’s META

CGEN Engineering, a spinout company from the University of Edinburgh, has put its fully marinised, next-generation modular electrical generator for tidal energy devices to the test over the past few months at a test site of the Marine Energy Test Area (META) in the Cleddau Estuary.

about 10 months ago
Turbine for MeyGen tidal energy array; Courtesy of SAE Renewables (SAE), formerly known as Atlantis Energy
Marine Energy

Scotland’s giant tidal array project pencils in subsea works for next month

A project, which is described as the world’s largest tidal stream energy development, has put subsea activities on the agenda for December 2025 in Scotland’s Pentland Firth.

about 10 months ago
The final countdown: Preparing for OEEC 2025
Marine Energy

The final countdown: Preparing for OEEC 2025

[PRESS RELEASE BY NAVINGO BV] The energy is rising as we enter the final countdown to the 18th edition of the Offshore Energy Exhibition & Conference (OEEC), taking place on 25–26 November at RAI Amsterdam. In less than one week, thousands of professionals from across the offshore energy sector will

about 11 months ago
New anchor project could lower costs for floating wind and wave energy
Marine Energy

New consortium sets sights on smarter anchoring for floating wind and wave energy

The Netherlands-based Dieseko Group and Swedish wave energy developer CorPower Ocean have formed a consortium to launch VibroDrive+, a research project aimed at advancing offshore anchor technology through improved design and installation methods. Backed by €400,000 in Eureka Eurostars funding, the

about 11 months ago