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Minesto's Dragon 4 tidal energy device (Courtesy of Minesto)

Technology

Minesto looks to strengthen its financial position through rights issue

Swedish company Minesto has announced plans for a rights issue of approximately €13.5 million worth of shares that will be used to progress its tidal energy technology and projects.

about 3 years ago

Technology

Wavepiston announces new crowdfunding campaign

Danish company Wavepiston has unveiled plans to launch a new crowdfunding campaign to support the demonstration of its wave energy technology at full scale.

about 3 years ago

Minesto’s Dragon Class tidal power plant (Courtesy of Minesto)

Technology

Minesto finds local partner to deliver tidal power plants in Philippines

Swedish marine energy company Minesto has signed an agreement with Poseidon Renewable Energy Corporation for strategic collaboration on the roll-out of tidal energy power plants in the Philippines.

about 3 years ago

Technology

New offshore safety guidance with potential to prevent major oil & gas accidents sees the light of day

Aberdeen-based Salus Technical has launched what it describes as “a potentially life-saving” guidance document.

about 3 years ago

Technology

Subsea Europe Services opens new R&D center

Germany-headquartered Subsea Europe Services (SES) has opened a new research and development (R&D) center dedicated to the development of new integrated, autonomous and digital technologies. The new facility, located at the company’s premises in the Ocean Technology Campus Rostock, will focus on the

about 3 years ago

Technology

Norsepower gets financial boost from Finnish Climate Fund to scale up production

The Finnish Climate Fund, a state-owned special assignment firm, will provide a capital loan of up to €10 million euros to rotor sail manufacturer Norsepower for increasing its production capacity. The capital loan comes with a market-based interest rate determined according to the risks of the proj

about 3 years ago

Technology

RWE orders two 100MW electrolysers for GET H2 as it eyes IPCEI funding

German energy company RWE has ordered two 100-megawatt proton exchange membrane (PEM) electrolysers from Linde Engineering for its GET H2 hydrogen project. The two electrolyser plants, which will be powered by offshore wind from the North Sea, are part of RWE’s efforts to build a total of 300 MW of

about 3 years ago

Technology

WinGD, CMB.TECH to develop large ammonia-fuelled engines for Bocimar’s bulker newbuilds

Swiss marine power company WinGD and Belgian shipping and cleantech group CMB.TECH have signed an agreement on the development of ammonia-fuelled two-stroke engines. The companies aim to install the ammonia dual-fuel X72DF engine on a series of ten x 210,000 DWT bulk carriers to be built at a Chines

about 3 years ago

Technology

Oceanbird project goes full speed ahead with land-based testing, selection of retrofit vessel

Oceanbird, a project backed by Alfa Laval and Wallenius, is moving fast with the preparation for the installation of its first land-based Oceanbird Wing 560. The project developers are already ordering parts for the installation, following the award of €9 million worth of funding under the Horizon E

about 3 years ago

Technology

Subsea7 and Siemens Energy to develop subsea hub for floating offshore wind

Subsea7 and Siemens Energy have joined forces to develop a Subsea High Voltage Plug and Power Hub for the floating offshore wind market. Building on Subsea7’s competence in subsea engineering and offshore construction for the oil and gas and renewables markets, and Siemens Energy’s competence in ele

about 3 years ago

Researchers from Newcastle University and the University of Edinburgh discussing how to adapt the buoy for deployment in the North Sea (Courtesy of DER-IC)

Technology

Newcastle University outlines plans for North Sea wave energy demo

Newcastle University has set sights on turning wave motion into a source of renewable energy with the latest project that will see the installation of a wave energy device prototype in the North Sea.

about 3 years ago

Illustration/Ingine’s wave energy demonstration plant in Jeju Island, South Korea (Courtesy of Ingine)

Technology

Innovate UK funds wave energy scheme offshore Indonesia

Innovate UK has selected a consortium, led by Ingine Wave Energy Systems, to receive funding support for the development of wave energy project offshore Indonesia.

about 3 years ago

Technology

CMA CGM launches €200 mln call for decarbonization projects

French container shipping major CMA CGM Group has invited start-ups and businesses working on concrete solutions to submit projects that aim to speed up the decarbonization of the French shipping industry. The company has committed a €200 million budget for the projects from its five-year $1.5 billi

about 3 years ago

Illustration/MPS’ PelaGen wave energy device (Courtesy of MPS)

Technology

Marine Power Systems seeks consultant for final evaluation of WaveSub

Welsh company Marine Power Systems (MPS) is looking to appoint a suitably qualified consultant to undertake a final evaluation of the full-scale WaveSub wave energy converter prototype operation.

about 3 years ago