Following strategic backing as part of its Series B funding round, as well as a grant from the European Union (EU), Swedish wave energy developer CorPower Ocean is on the lookout for a chief financial officer (CFO). Since its start in 2012, CorPower has raised around €115 million in funding in an ef
Highlands and Islands Enterprise (HIE) and the Scottish Association for Marine Science (SAMS) have signed a memorandum of understanding (MoU) to boost marine and coastal research, innovation, and technology development across Scotland’s Highlands and Islands. According to HIE, the deal, signed at th
Swedish ocean energy developer Minesto has appointed a new chief financial officer (CFO) who will take over the role as of October. According to Minesto, Alexander Jancke has a strong background in finance with experience spanning nearly ten years as a certified auditor and financial adviser at KPMG
A new project has been launched in Wales to explore combining floating wind turbines, equipped with electrolyzers that produce green hydrogen, and wave energy devices to drive wave energy deployment off the coast of Pembrokeshire and lower its cost by sharing infrastructure. The Milford Haven: Hydro
Aberdeen-based ZOEX Power has deployed its wave energy technology for testing in the Black Sea, Türkiye, with initial results showing higher generation than anticipated. According to the company, the system has already produced several hundred kWh, which were used to power electric heaters at its qu
Oslo-headquartered Fred. Olsen 1848 has appointed Francisco Guillermo Vozza as Business Development Director for floating solar. According to Fred. Olsen 1848, Vozza, an energy industry executive with two decades of experience, will be responsible for shaping the company’s global market strategy and
Spain-based Astilleros San Enrique, part of Grupo Marina Meridional, has reached a new stage in the construction of the BlueNewables floating solar project with the keel laying of the first of two platforms. The work is taking place at the former Factorias Vulcano site in Vigo. According to local me
UK-based Inyanga Marine Energy Group has appointed Martin Murphy as the new Chair of the Board. Murphy, a Chartered Engineer and experienced CEO, served 12 years in the Royal Navy before moving into senior corporate and entrepreneurial roles in the marine renewables sector, according to Inyanga Mari
Scottish wave energy company Mocean Energy has signed a memorandum of understanding (MoU) with Netherlands-based floating solar developer SolarDuck to develop hybrid offshore renewable systems combining wave and floating solar power. According to Mocean Energy, the companies, both backed by Norwegia
The UK government opened the application window for Allocation Round 7 (AR7) of the Contracts for Difference (CfD) scheme on August 7, 2025. The window will remain open until August 27, 2025. The CfD scheme has so far supported 10 GW of renewable capacity, with another 23 GW contracted to be operati
UK-based Global OTEC has signed a memorandum of understanding (MoU) with Hawaii-based Makai Ocean Engineering to supply thin foil heat exchanger (TFHX) technology for its OTEC Power Module system. According to Global OTEC, Makai’s TFHX will be integrated into Global OTEC’s modular offshore unit, des
Norwegian company Ocean Sun has signed a memorandum of understanding (MoU) with the Ukrainian Zhytomyr City Territorial Community and Turkey’s HICC Heavy Industry Construction to explore the deployment of a floating solar power plant with a capacity of up to 25 MWp. According to Ocean Sun, the MoU s
Construction has started on the Cydnerth infrastructure project in Holyhead to increase grid capacity for the Morlais tidal energy scheme from 18 MW to 240 MW, according to Menter Môn. Initial work at Parc Cybi involves laying underground cables to connect the Morlais substation at Ynys Lawd (South
Australian wave energy developer Carnegie Clean Energy has received two milestone payments totalling €290,855 under the EuropeWave Phase 3 contract, supporting the company’s ACHIEVE Program and the first European deployment of its CETO wave energy technology. The payments, made to Carnegie’s wholly
