Oscilla Power has secured $1.1 million from the US Department of Energy as part of the Phase II SBIR award. This award should help the Seattle-based company develop a novel underwater energy storage technology and investigate the best practice on connecting large-scale farms of ocean wave energy dev
Sustainable Marine Energy (SME) will supply three next generation PLAT-I floating tidal energy systems, with a rated power output of 420kW each, to project entity Spicer Marine Energy. Spicer Marine Energy has signed a design build and operate (DBO) agreement with reconcept GmbH for the first phase
The integration of offshore energy systems, including oil and gas, renewables, hydrogen, and carbon capture and storage, could deliver around 30 per cent of the UK’s total carbon reduction requirements needed to meet the 2050 net-zero target, the OGA said.
Simec Atlantis Energy has booked losses and a reduced consolidated cash position for the period ended 31 December 2019. Overall Group losses for the year 2019 were £35.4 million, versus loss of £24.1 million in 2018. The increase is primarily attributable to a £16.1 million non-cash disposal of seab
The EU-funded DTOceanPlus project has recently produced two new deliverables now openly shared with the marine energy sector. Deliverable D7.3 – Scenarios Input Data which describes the compilation of required data inputs for the various validation scenarios. A set of project data characterises each
The US Department of Energy’s (DOE) Water Power Technologies Office (WPTO) and the National Renewable Energy Laboratory (NREL) have launched the Science, Technology, Engineering, and Math (STEM) education portals for water power technologies. Water power is a flourishing segment of the renewable ene
The Swedish Energy Agency has recently opened a call for the development of cost-effective and sustainable marine energy systems. The Agency’s support within the framework of this call for proposals is approximately SEK 30 million ($3.45 million). Also, each project within the call for proposals may
Swansea-based Marine Power Systems (MPS) has hit a £1.5 million crowdfunding target in just two weeks since its launch and is now over-funding. The campaign, set up at the London-based equity crowdfunding platform Seedrs, now has a goal of reaching £2 million. Specifically, these funds should suppor
Swansea-based company is developing a flexible ocean energy extraction technology that can harness wave energy, wind energy and combined wind and wave energy at grid scale. All the machines share a common floating platform technology said to have cost and deployment advantages over other floating pl
Norway’s GCE Ocean Technology has welcomed Oslo-based Ocean Oasis as its new member. Ocean Oasis develops a wave-powered desalination solution to deliver fresh water to shore with zero emissions The company gets support from the early-stage accelerator and venture capitalist Antler in Oslo and EU Cl
Swedish marine energy developer Minesto has seen another setback on its tidal energy project in Vestmannasund, Faroe Islands. During the initial commissioning phase of its DG100 tidal energy converter, a mechanical failure occurred in the powerplant’s mooring interface and denied further operations.
The Dutch Marine Energy Centre (DMEC) has joined forces with the European Space Agency (ESA) to accelerate marine energy solutions. The partnership will explore the added value of space tech and data in the development of marine energy. It can play a key role in the acceleration of marine energy sol
The leaders of the three Scottish island councils recently welcomed the Scottish and UK governments’ award of £100 million in funding as part of the Islands Growth Deal. The money goes to Orkney, Shetland and the Western Isles. The multimillion pound deal will provide investment for local projects a
Swedish wave energy developer CorPower Ocean has secured €9 million equity funding for its breakthrough wave energy tech. Midroc New Technology led the funding round, with additional investment from ALMI Invest Greentech, EIT InnoEnergy, and private investors. The company will use the funds to dem
