Black Rock Tidal Power (BRTP), a Schottel Hydro subsidiary, has raised C$15 million for the realization of 2.5 MW Triton tidal energy project in Canada. The company has also secured a commercial loan of C$4.5 million, in addition to the private equity cash of C$10.5 million, bringing the total acqui
Wello has started testing its wave energy converter prototype Penguin II at Plocan Test Site, off Gran Canaria north-east coast. The 1/5 scale device arrived to Taliarte harbour in August and was assembled during September to prepare it for the sea trials. The tests are expected to last three months
Finnish wave energy developer Wello has begun the testing of its Penguin II wave energy converter off Canary Islands, Spain. According to Wello, the testing of the 1:5 scaled device is expected to last for three months, although the length of the trials might be modified following the obtained resul
Black Rock Tidal Power has set up a project company (Special Purpose Vehicle, SPV) which will take over its TRITON tidal energy platform once fully commissioned for CAD 15 million. The private equity investment into the project company amounts to CAD 10.5 million. TRITON is a floating platform carry
Autonomous Robotics is developing a Flying Node system which operates as a swarm of autonomous underwater vehicles (AUV’s) for recording OBS data. OBS surveys record very high quality seismic data especially suitable for field appraisal and development. Using the Flying Node system, ARL predicts a t
Forum Energy Technologies, is set to move into new premises at Westhill in Aberdeen, assisted in all aspects by CBRE. CBRE was asked to carry out a global audit of Forum’s commercial real estate holdings. As part of the review the decision was made to bring the majority of the Scottish companies tog
The BlueTEC tidal energy platform has gone full circle, from drawing to full-scale deployed and grid-connected device, in just 6 months, according to Bluewater, one of the developers behind the Texel Tidal project. The platform was launched earlier this year off Texel island, the Netherlands, and is
DNV GL has certified a software developed by the Offshore Renewable Energy (ORE) Catapult as part of a project to develop a new bi-axial blade fatigue testing method. The project is aimed at reducing fatigue test times by almost a half and overall test times by a quarter. The two-year collaborative
The DCNS research teams have moved to the recently opened marine renewables and shipbuilding innovation centre Technocampus Ocean located in Bouguenais, on the outskirts of Nantes, France. According to DCNS, the move represents a step forward in its efforts to make innovation a driving force for its
Methane seeps from seafloor deposits near Svalbard release less ‘greenhouse gas’ into the atmosphere than other Arctic sites because ocean currents there form an effective barrier, study conducted by scientists at the National Oceanography Centre (NOC) and the University of Southampton showed. Dr Ca
The European Commission has approved the grant transfer of €17 million from the Kyle Rhea project to Atlantis’ MeyGen tidal energy project. According to Atlantis, the funding will accelerate the development of MeyGen Phase 1B, also known as project Stroma, which is expected to reach financial close
Atlantis informed that the European Commission’s Climate Change Committee has approved the transfer of €17 million of funding from the Kyle Rhea project to Atlantis’s MeyGen project. The funding is for MeyGen Phase 1B (Project Stroma) and will accelerate the development of the MeyGen project, with t
The industrial and technology group ThyssenKrupp has started operation of a new test and development center for slewing rings in Lippstadt. Covering an area of 3,000 square meters, the facility is one of the biggest and most modern of its kind in the world. It will be used to test and optimize slewi
Dutch consortium consisting of engineering and consultancy firm Witteveen+Bos and Maritime & Transport Business Solutions B.V. (MTBS) is working on a master plan for the development of the port of Cotonou. In September 2015, the Dutch embassy in Cotonou (Benin) commissioned the consortium to prepare
