Naval Energies has decided to stop investing in the field of tidal turbines and to concentrate its efforts on floating wind turbines and ocean thermal energy conversion. Following Naval Energies’ decision, its Dublin-based subsidiary OpenHydro has been put under provisional liquidation. On 24 July,
Van Oord has started its next campaign to install jackets at the East Anglia ONE offshore wind farm in the North Sea. The wind farm’s 102 three-legged jacket foundations will be installed at depths of down to 55 meters in the southern North Sea, located 45 kilometers southeast of Lowestoft, UK. Scot
In the fallout of the OpenHydro liquidation, the Chief Executive Officer of another tidal stream technology company Tim Cornelius said that SIMEC Atlantis Energy would be willing to engage in discussions with the French government to save the recently built Cherbourg tidal assembly plant, and delive
Reacting to the liquidation of its first ever tidal energy client, the European Marine Energy Centre (EMEC) said OpenHydro failed to cross the so-called ‘valley of death’ where innovation falls victim to costs of commercialization – highlighting, however, that tidal energy’s day is yet to come.
Rotech Subsea has launched the RSG1 – a new cable grab system which has already been deployed on a major North Sea renewables project. The debut of the tool – designed and manufactured by Rotech’s in-house R&D division – heralds the launch of a new service from the subsea operator which is now able
Damen Shiprepair Harlingen (DSHL) has completed maintenance and repair works on the Fugro Mercator, a twin-hulled survey vessel operated by Fugro. Fugro Mercator is a 42.35-metre survey vessel deployed by Fugro for bathymetric and geophysical surveys, cable and pipeline route surveys. The vessel’s v
Fugro has been presented with the Joint Airborne Lidar Bathymetry Technical Center of Expertise (JALBTCX) LCDR Peter Johnson Best Practices Award 2018, for its completion of a large, multi-year hydrographic survey in the Red Sea. The survey project was finalised in December 2016. It covered over 113
French-based Naval Energies – the parent company of tidal stream technology outfit OpenHydro – has decided to stop further investments into development of its tidal energy business, forcing the liquidation of the Irish-based subsidiary.
The UK government-funded Engineering and Physical Sciences Research Council (EPSRC) has invested £16 million into the establishment of three Supergen energy hubs, and a solar knowledge exchange network, with the aim of boosting more coordinated energy research.
One month after the UK government rejected the Swansea Bay tidal lagoon proposal – it has emerged that the scheme could be delivered without the UK government funding, according to a new independent report.
The European Commission has found a French project promoting electricity generation from tidal energy – a 14MW Normandie Hydro array – to be in line with European Union State aid rules.
TechnipFMC has reported second-quarter 2018 profit of $106 million or 23 cents per diluted share. The services major has seen a 36 percent decrease compared to net profit of $165 million same time last year. Adjusted earnings per share for the quarter were 28 cents, excluding charges and credits. Re
A technical due diligence process for the Ostend research tower – a test platform being developed by German developer NEMOS and Belgian POM West-Vlaanderen – has been launched to ensure the infrastructure supports the development needs for offshore wind, tidal and wave energy technologies.
Seismic player Polarcus has reduced quarterly loss when compared to second-quarter 2017 as revenues increased some 24 percent. The Oslo-listed company reported net loss for the quarter ended June 30, 2018 of $8 million, versus loss of $34 million in Q2 2017. Sequentially, Polarcus slipped into red f
