The Hague-based Wave Energy Collective (Weco) has reached a milestone in the development of its Kaizen wave energy converter (WEC), as the device had generated its first power. Weco said that it was also able to validate and optimize the design further. The company collaborated with Deltares, a Neth
Swedish company CorPower Ocean’s wave energy initiative in Portugal has gained backing from the European Investment Bank (EIB), which views the project as an “innovative solution that could revolutionize the renewable energy landscape.” According to CorPower Ocean, the EIB is providing the company w
Carnegie Clean Energy’s subsidiary, CETO Wave Energy Ireland (CWEI), has secured a milestone payment of €203,437 under the EuropeWave Phase 3 contract. According to Carnegie, the funding recognizes the completion of design reports for the company’s CETO wave energy converter (WEC), marking an impor
Two Scottish companies, Ocean Kinetics and Green Marine, have completed the decommissioning of OpenHydro’s tidal energy platform at the European Marine Energy Centre (EMEC) in Orkney. According to Ocean Kinetics, the decommissioning project managed under a contract with EMEC, involved dismantling th
Scottish wave energy company Mocean Energy has secured £140,000 (around $178,000) of further commercial work and a £1.2 million (around $1.5 million) grant from Wave Energy Scotland (WES) to further develop a novel direct drive generator for wave energy technology. According to Mocean Energy, the fu
UK-based tidal energy developer Inyanga Marine Energy Group has unveiled the design of its 20 MW HydroWing tidal energy project, set to be deployed at the Morlais tidal energy site in Wales. According to Inyanga, the project will mark the first deployment of Tocardo’s T3 turbines, with each of the
Carnegie Clean Energy has secured a bond facility agreement with Export Finance Australia (EFA) to support the ACHIEVE Program’s CETO wave energy technology deployment at the Biscay Marine Energy Platform (BiMEP) in the Basque Country, Spain. The agreement is said to see EFA provide advanced paymen
The Netherlands-based tidal and wave energy developer Symphony Wave Power has completed its prototype assembly, paving the way for upcoming sea trials. According to the company, the hull and roll membrane have been installed, while hoses and electrical systems are now operational. Final preparations
Tidal energy developer Normandie Hydroliennes has initiated a crowdfunding campaign on the WiSEED platform to support the development of its 12 MW tidal turbine pilot farm in the Raz Blanchard, located near Cherbourg, France. Scheduled for commissioning in 2028, the project marks an important miles
Wave energy developer Eco Wave Power has entered into a securities purchase agreement with a single institutional investor to deploy commercial-scale wave energy technology. The offering involves the sale of 300,000 American Depositary Shares (ADSs), each representing eight common shares, at $10 per
Swedish tidal energy developer Minesto has finalized the design and technical specifications for its upgraded Dragon 12 tidal energy system, marking a step toward deploying the first Dragon farm at Hestfjord in the Faroe Islands. According to Minesto, the project’s Phase 1 targets a capacity of 10
The Dutch Marine Energy Centre (DMEC) has unveiled a market report forecasting that tidal and wave energy could anchor Europe’s green transition and bring billions in market value by 2050, however, there are certain challenges that need to be surpassed for them to reach their potential. Leveraging h
Spain-based multi-national architecture and engineering consultancy IDOM is progressing toward the offshore deployment of its wave energy prototype next summer at the Biscay Marine Energy Platform (BiMEP), as part of Phase 3 of the EuropeWave project. The project unveiled reaching several milestones
Dutch geo-data specialist Fugro has secured a role in the EU-backed PLOTEC project, providing sensor technology to support the advancement of ocean thermal energy conversion (OTEC) technology in storm-prone regions. According to Fugro, the sensors will track platform movement and hull response to wa
