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WaveRoller deployment offshore Portugal (Courtesy of AW-Energy)

Marine Energy

AW-Energy applauds California’s wave and tidal energy initiative

Finnish wave energy company AW-Energy has welcomed the introduction of the California Senate Bill 605, which calls for a comprehensive and collaborative study to evaluate the feasibility and benefits of using wave energy and tidal energy.

about 3 years ago

Illustration/WITT model (Courtesy of WITT Energy)

Marine Energy

WITT Energy partners up with RS Group to advance marine energy device

UK-based renewable energy technology company WITT Energy has teamed up with RS Group to help bring its energy harvesting device to market for use in remote and marine applications.

about 3 years ago

Illustration/Tidal energy turbine by Nova Innovation, which is developing projects both in UK and Canada (Courtesy of Nova Innovation)

Marine Energy

UK and Canada strengthen marine energy ties

Marine Renewables Canada and the UK Marine Energy Council have entered into an agreement to share knowledge and support development of the marine renewable energy industry.

about 3 years ago

Rendering of Havkraft N-Class wave power plant (Courtesy of Havkraft)

Marine Energy

Havkraft gets financial backing to advance wave energy business

Norwegian company Havkraft has secured funding support to further advance its wave energy technology and projects.

about 3 years ago

Global OTEC’s 1.5MW floating OTEC platform named Dominique (Courtesy of Global OTEC)

Marine Energy

Global OTEC steps closer to first commercial OTEC platform

UK-based company Global OTEC has secured a certificate of approval for a cold-water riser installation for its first commercial-scale ocean thermal energy conversion (OTEC) platform.

about 3 years ago

Marine Energy

EU-SCORES gets official go-ahead for renewable energy multi-use parks

The EU-SCORES project, focused on developing energy multi-use parks incorporating different offshore renewable energy sources at one site, has received an official go-ahead from the European Climate, Infrastructure and Environment Executive Agency (CINEA).

about 3 years ago

Illustration/SIMEC Atlantis' tidal energy turbine (Courtesy of SIMEC Atlantis)

Marine Energy

UK government exploring reforms of its renewable energy auction scheme

The UK government is seeking views on introducing contracts for difference (CfD) reforms, which could reward applicants for including wider benefits their projects could bring when submitting price bids to government for their low-carbon electricity.

about 3 years ago

Marine Energy

In focus: Offshore energy, shipping look to CCS and alternative fuels as they ramp up decarbonization efforts

The offshore energy and shipping industries are essential components of global trade and commerce, responsible for transporting goods and powering homes and businesses around the world. However, they are also significant contributors to greenhouse gas emissions. As the world’s focus on reducing carb

about 3 years ago

Marine Energy

Global wave and tidal energy market poised to reach $10 bln by 2031, report shows

Global wave and tidal energy market was valued at $477.81 million in 2022 and is projected to generate a revenue of around $10 billion by 2031 at a compound annual growth rate (CAGR) of 43% during the forecast period, analytics and advisory company Astute Analytica found in its latest report. The re

about 3 years ago

Illustration/Nova Innovation's tidal turbine (Courtesy of Nova Innovation)

Marine Energy

Nova Innovation enters floating solar market, with first installation set for Scotland

Scottish company Nova Innovation has expanded its tidal energy product portfolio with the addition of floating solar technology, announcing also plans for the installation of Scotland’s first array of floating solar panels later in 2023.

about 3 years ago

HelioRec’s floating solar system (Courtesy of HelioRec)

Marine Energy

French floating solar start-up attracts major new investors

French floating solar start-up HelioRec has closed the first tranche of its seed round, securing new investments from First Imagine! and Techstars.

about 3 years ago

Illustration/FLASC’ floating storage prototype tested in Malta in 2018 (Courtesy of FLASC BV)

Marine Energy

Research into floating breakwaters as powerbanks for marine renewables starts in Malta

The University of Malta has teamed up with its offshore energy storage spin-off FLASC to assess the potential of integrating renewable energy and energy storage solutions with floating breakwaters.

about 3 years ago

Illustration/InfinityWEC design with upgraded PTO (Courtesy of Ocean Harvesting)

Marine Energy

Ocean Harvesting targets €400K to optimize wave energy device

Swedish company Ocean Harvesting Technologies has embarked on a funding raise, targeting €400,000 to further optimize its InfinityWEC wave energy device ahead of sea trials.

about 3 years ago

In focus: Vessel decarbonization efforts power ahead

Marine Energy

In focus: In pressing need for GHG reduction, vessel decarbonization efforts power ahead

In a pressing need to reduce global greenhouse gas emissions (GHG), the shipping sector and offshore vessel services providers are certainly the protagonists in the whole decarbonization story. However, although we are seeing an increasing number of initiatives, we still have a long way to go.

about 3 years ago