The CF2T project was recently launched, co-funded by the Ocean Energy ERA-NET Cofund and four European regions (Brittany, Pays de la Loire, Spain and Sweden). Led by Sabella, this project brings together Allia, Saitec, Rise and Alkit and will run until 2021. The project aims to develop a cost-compet
The first phase of a new £28.5 million project to create a Virtual Energy System (VES) in Orkney, Scotland, has been launched to digitally link distributed and intermittent renewable generation to flexible demand. The ReFLEX (Responsive Flexibility) Orkney project will demonstrate a first-of-its-kin
Ocean Power Technologies (OPT) has priced an underwritten public offering of common stock and warrants looking to raise approximately USD 15 million. The New Jersey-based wave energy conversion specialist is looking to sell about 4.28 million shares of common stock at $3.50 a share plus common warra
The Standardisation Institute for the Netherlands (NEN) is hosting the plenary meeting of the IEC Technical Committee TC114, developing standards for marine energy convertors, in Delft (NL) this year. From 8 to 12th April, over 60 experts from more than 10 countries convene at NEN. The plenary is ch
Ocean Power Technologies (OPT) and Acteon Field Life Service, a subsidiary of Acteon have entered into a non-exclusive memorandum of understanding to develop, explore and exploit mutual opportunities in the global oil and gas and renewable markets. George H. Kirby, president and CEO of OPT, said: “W
MacArtney France SAS has successfully delivered a portable Multi-Beam Echo Sounder Hydrographic System – designed for small vessels – to the French government organization Collectivité de Corse, in Corsica, France. With 1000 km of coastline, the island attracts many tourists and cruise ships creatin
A new study commissioned by Crown Estate Scotland, and carried out by Everoze has provided a potential way forward for a more localized approach to offshore renewable energy deployment in coastal and island communities across Scotland. The study looked at six scenarios linked to a number of renewabl
Wave energy technology developer Marine Power Systems (MPS) is expanding into the floating offshore wind sector with two new devices said to offer a solution to wind energy generation challenges in deep waters. The UK company stated that R&D of its wave energy device WaveSub brought to the developme
The Nova Scotia government has revoked the marine renewable-electricity licence issued to Cape Sharp Tidal Venture. The company no longer has the financial ability to deliver the project, which breaches the terms of its licence under the Marine Renewable-energy Act, the government said in a statemen
Wave energy technology developer Marine Power Systems (MPS) has revealed its plans for expansion into the floating offshore wind sector with two devices that offer a viable solution to wind energy generation in deep water locations. Established over 10 years ago, MPS is in the final stages of develo
Ocean Power Technologies has signed a contract with an undisclosed oil and gas company to complete a 12-week feasibility study that will examine the use of OPT’s products and services in monitoring subsea wells during decommissioning activities. The work was issued under a recently announced master
Bombora Wave Power Europe said it requires a marine operator partner to enter into a framework agreement to undertake the marine operations required throughout the life cycle of the mWave project. The demo Wave Energy Converter project is to be installed off the coast of Pembrokeshire, South Wales.
SeaTwirl, Colruyt Group, and NorSea Group have signed a Letter of Intent to collaborate on financing, developing and installing the SeaTwirl S2-1MW floating wind turbine. The Swedish company has agreed with both Colruyt Group and NorSea Group on their intentions to commit to the financing, developme
Sweden’s SeaTwirl is negotiating to sign a Letter of Intent with external investors and partners. The scope of the planned investment is a total of SEK 70 million (EUR 6.7 million), provided milestones are met, the company said. An investment plan has also been developed for the continued developmen
