Crowdfunding campaigns are proving to be very beneficial for marine energy developers as several companies succeed in reaching well over their initial funding targets ahead of deadlines, while others move to extend their campaigns to accommodate the growing interest from the investors.
European Union’s Horizon 2020 program has awarded €5 million to VALID project for the development of a Hybrid Testing Platform that will accelerate the testing of marine energy devices in Europe’s race towards carbon neutrality.
The Energy Regulatory Commission (ERC) of the Philippines has denied the petition filed by the National Renewable Energy Board (NREB) for Feed-in-Tariff (FIT) for electricity generated from ocean energy resources.
Clean energy technology start-up Exowave has secured funding from the Danish government to advance the project that combines wave energy extraction with desalination and hydrogen production.
Australian-based company Wave Swell Energy (WSE) has made significant progress on the construction of its wave energy device that will be deployed off Tasmania early in 2021.
UK-based marine energy company HydroWing is looking to expand its team with the addition of new electrical design engineer that will work on the development of the company’s tidal energy device.
Seattle-based wave energy developer Oscilla Power has launched additional crowdfunding campaign on MicroVentures platform to advance the construction of full-scale Triton-C wave energy system.
The Offshore Renewable Energy (ORE) Catapult’s wave and tidal sector specialist, Simon Cheeseman, has been awarded the Society for Underwater Technology’s (SUT) Lennard-Senior prize for 2020 in recognition of his outstanding individual achievement in the field of marine renewable energy.
The United States House of Representatives has passed a bipartisan legislation to increase federal investments in marine energy under the Water Power Research and Development Act.
The Dutch Marine Energy Centre (DMEC) and the European Marine Energy Center (EMEC) have held a technology qualification workshop with Resolute Marine as part of the Marine Energy Alliance (MEA) project.
The coastlines of Washington and Oregon hold the most promising areas for the extraction of clean power from West Coast waves, according to a recent study published by the researchers at the U.S. Department of Energy’s Pacific Northwest National Laboratory (PNNL).
The U.S. Department of Energy’s (DOE’s) Water Power Technologies Office (WPTO) has announced 10 project selections totaling up to $22 million to support marine energy research and development (R&D) and testing infrastructure.
WESE project has completed an environmental monitoring campaign for the WaveRoller wave energy device deployed off the coast of Portugal.
AqualisBraemar has acquired 100 per cent of the shares in LOC Group with the purchase price consideration of USD 20.2 million (around EUR 16.5 million) cash consideration plus two million conditional warrants in AqualisBraemar. As reported in November, when the acquisition was announced, LOC Group’s
