UK-based Simec Atlantis Energy has entered into a share placement agreement with a US-based investor New Technology Capital Group to raise up to £12 million ($16 million). Atlantis will get an initial investment of £2,000,000 for new shares with the value of £2,090,000 on or about 17 December 2020.
UK-based civil engineering and environmental hydraulics organisation HR Wallingford has conducted computational fluid dynamics (CFD) simulations which helped Bombora finalize the design of its mWave wave energy device.
Nova Innovation has opened a recruitment process for an experienced project manager that will lead the development of its Enlli tidal energy project in north Wales.
UK-based specialist engineering firm Walker Subsea Engineering has been awarded funding to develop a novel offshore renewable energy-powered subsea motor.
UK Energy Minister Kwasi Kwarteng has confirmed the government is considering the creation of a ‘pot within a pot’ for marine energy in the 2021 contracts for difference auction round.
Ireland-based company GKinetic Energy has issued a request for tender for services that would help facilitate the permitting process for the deployment of its hydrokinetic turbine in Limerick.
Swedish company Eco Wave Power has signed a collaboration agreement with Meridian Energy Australia to investigate the development of commercial wave energy projects in Australia.
Scottish developer of floating tidal technology Orbital Marine Power has exceeded the £1 million crowdfunding target in less than a week after the campaign was launched on Crowdcube platform.
Ireland’s regional authority Údarás na Gaeltachta has unveiled plans to investigate the opportunities of establishing Ros an Mhíl harbour on the country’s west coast as a centre for marine renewable energy.
EU-backed Blue-GIFT project has launched the third call for applications to test marine renewable energy (MRE) technologies in real sea environments at four test sites in the Atlantic Area region.
Tidal power division of Simec Atlantis is getting ready for the busy start of 2021 with tidal turbine retrieval and installation operations scheduled for projects both in Scotland and Japan.
Ocean Power Technologies (OPT) has reported a decrease in net loss for the second quarter of the fiscal year 2021, compared to the same period a year earlier.
Ocean Power Technologies (OPT) has hired SeaTrepid International to deploy a turnkey PB3 PowerBuoy and oceanographic monitoring system off the coast of Chile.
Researchers at Bangor University have teamed up with wildlife charity Sea Watch Foundation and tidal energy company Nova Innovation to develop Sea Watcher, a free mobile app that could prove useful to marine science and conservation.
