Siemens has announced its proposal to divest its ocean power generation business, in particular Marine Current Turbines (MCT), based in Bristol, United Kingdom. This restructuring would affect 45 employees in the Hydro & Ocean unit in Siemens Division Wind Power & Renewables. It is expected that the
After more than seven years of planning and design, the project is entering the construction phase for the first 6MW tranche of capacity in what is believed to be the world’s largest planned tidal stream project. The financing package has been agreed for the first four turbines, and the project ente
Wave energy developer Carnegie Wave Energy Limited has announced that the first of its new generation CETO 5 wave energy units has been successfully installed and is operating at its Perth Wave Energy Project site off Garden Island, Western Australia. The CETO 5 unit was successfully installed and h
The European Marine Energy Centre (EMEC) has been approved as an assessor under the EU’s Environmental Technology Verification (ETV) scheme and will be checking claims about the performance of innovative environmental technologies. Building on its reputation as a test site, EMEC will issue a Stateme
Fundy Tidal has reached a deal with Tribute, through its subsidiary International Marine Energy Inc. (IME), on November 6, 2014, during the International Conference on Ocean Energy 2014 in Halifax, Nova Scotia. IME has taken 10% minority interest in Fundy Tidal, the total of 398,500 common shares, f
Ocean energy test sites spanning Europe, Asia, and North America have agreed to coordinate procedures and standards to ensure consistency in testing marine energy converters across the globe. Bringing together operational and planned test sites from around the world for the second time, the Fundy Oc
The directors of Pelamis have announced that they have been unable to secure the additional funding required for further development of the Company’s wave energy technology. As a result of this, the board has reluctantly moved to appoint Blair Nimmo and Gary Fraser of KPMG as Joint Administrators of
Scotland is to establish a wave energy technology development body, Wave Energy Scotland, to encourage innovation in the industry Minister for Business, Energy and Tourism Fergus Ewing announced today. The Scottish Government recognises that early stage technologies, such as wave energy, can take ti
The Offshore Energy Research Association (OERA) and Innovate UK (the new name for the Technology Strategy Board) are jointly investing approximately CAD 1.4 million (approximately GBP 755,000) in collaborative R&D projects to develop enhanced sensing technologies for tidal in-stream energy applicati
Deltares will be testing the design for the planned tidal lagoon in Swansea Bay, South Wales. Incorporating sixteen turbines that can deliver 320 MW, the tidal lagoon will be the world’s largest. It will be built to scale in the facilities hall in Delft so that the hydrodynamic efficiency of the des
Apqak Renewable Energy Inc. plans to develop and install marine current technology in Iqaluit which will generate electrical power from Frobisher Bay’s tidal currents. As Nunatsiaq Online reports, the company proposes to bring the most advanced tidal power generation equipment to Iqaluit to generate
Tribute Resources announced that it has established a new corporation called International Marine Energy Inc. (IME). IME has acquired the interests of Tribute Resources in Western Tidal Holdings, and the intent of Tribute Resources is to develop all further tidal power projects in Canada and interna
Sustainable Marine Energy (SME) has completed its first round of sea trials with its tidal energy platform, PLAT-O. PLAT-O was launched from the company’s facility in Venture Quays, East Cowes, Isle of Wight and towed to the test site at Yarmouth. Once at the site PLAT-O was submerged to installatio
Tocardo Tidal Turbines, producer of tidal and free-flow water turbines, has reached an agreement with Ekornergy, the South Korean energy company, to install tidal turbines with a total capacity of 28MW. Manufacturing of the first 15 T2 Tocardo turbines is expected to start in late 2015 as part of a
