Swedish tidal energy developer Minesto has secured a SEK 22 million (approximately $2.3 million) loan from Fenja Capital to be used as working capital for its ongoing operations and business development. According to Minesto, the loan has a four percent set-up fee and a one percent monthly interest
Norwegian company Havkraft has reported an energy conversion rate of over 80% from its latest lab test of a scaled wave power converter model, marking the firm’s most efficient result to date. The model was tested at Stadt Towing Tank in Måløy, where recent geometric adjustments led to a performance
Canadian Wave-powered desalination innovator Oneka Technologies has secured one of the regulatory approvals needed to move forward with its wave-powered desalination pilot project off the coast of Fort Bragg, California. According to Oneka Technologies, the Fort Bragg Planning Commission unanimously
Scotland-based Nova Innovation has achieved triple ISO accreditation covering its quality, environmental, and health & safety management systems. The company said the certifications confirm its commitment to improving internal operations while aligning with internationally recognised standards. “It’
Wave energy developer Eco Wave Power is finalizing the manufacturing phase of its first U.S. pilot wave energy project, set to be installed at the Port of Los Angeles in July 2025. Eco Wave Power said that during a site visit to its U.S. manufacturing partner, California-based All-Ways Metal, CEO In
Swedish tidal energy developer Minesto’s upgraded Dragon 12 tidal energy device, deployed in Vestmannasund, Faroe Islands, has reached a performance milestone, delivering a 25% increase in power output following the installation of a longer tether. According to Minesto, the ten-meter extension to th
French wave energy developer Seaturns has signed an agreement with the OPEN-C Foundation to deploy a full-scale wave energy demonstrator at the SEM-REV offshore test site near Le Croisic, with installation scheduled for summer 2025. According to Seaturns, the move follows the completion of reduced-s
Nova Scotia has launched a competitive process to attract new tidal stream energy projects at Canada’s lead research facility for tidal stream technology, Fundy Ocean Research Center for Energy (FORCE). The process, administered by Power Advisory, seeks projects between 5 MW and 8 MW. Applicants may
UK-based climate tech start-up Indeximate has secured a three-year extension to provide cable condition monitoring for SAE Renewables’ MeyGen tidal array in Caithness, Scotland. The contract, active since March 2024, includes an annual subscription to the company’s Scattersphere system, used to mon
The UK-based tidal stream energy developer Tidal Technologies Limited (TTL) has launched a procurement process for its first full-scale tidal energy prototype, TT2, marking a step forward in the deployment of UK-developed tidal stream technology. The company is seeking suppliers for the equipment su
Dutch-based company Water2Energy (W2E) has reported a 20% increase in turbine output following the deployment of its enhanced pitch control system, outperforming earlier performance estimates, according to Offshore For Sure (O4S). The improvement is attributed to individual blade pitch control, whic
UK-based Inyanga Marine Energy Group has confirmed a new round of contract awards for its 20 MW HydroWing tidal energy array, set for deployment at the Morlais site off Anglesey, Wales, in the first quarter of 2026. Newly announced contract recipients include PPI Engineering for the design and manuf
Tian-Bing Xu, Professor in the Department of Mechanical and Aerospace Engineering at Old Dominion University (ODU) in the U.S., has been awarded a $1 million grant from the Office of Naval Research (ONR) to develop an underwater wave energy conversion system. According to ODU, the four-year project
UK-based tidal energy company Proteus Marine Renewables’ (PMR) 1.1 MW tidal energy turbine, the AR1100, has received certification from Japan’s Ministry of Economy, Trade and Industry (METI), confirming the system meets national standards for grid-connected power generation. The turbine is now opera
