Sweden’s Ocean Harvesting Technologies has launched a €200,000 financing round to support further development of its InfinityWEC wave energy converter (WEC) in 2025. The move is part of a larger €700,000 capital requirement for 2025-2027. InfinityWEC is currently being developed under two EU-funded
Wave energy developer Eco Wave Power has appointed Vistra Energy board member Hilary E. Ackermann to its advisory board. According to Eco Wave Power, Ackermann, also a former Chief Risk Officer at Goldman Sachs Bank USA, brings experience in risk management, corporate governance, and clean energy tr
Danish wave energy technology company Exowave is entering an important phase of developing its wave energy technology, as the power take-off (PTO) system is set for wet testing in the coming weeks. “We’re thrilled to share that the PTO assembly is progressing exceptionally well—faster than expected
London-headquartered firm Arup has joined forces with Australian wave energy firm WaveX to accelerate the development of the D-Spar wave-powered generator technology. The collaboration follows the signing of two memorandums of understanding (MoUs) to advance wave energy projects and optimize the D-S
The ACHIEVE program’s team is progressing with preparations for the deployment of the CETO wave energy prototype in Spain at the Biscay Marine Energy Platform (BiMEP), securing drivetrain components and moving forward with fabrication. According to EuropeWave, key milestones include the procurement
U.S.-based Ocean Renewable Power Company (ORPC) has submitted a draft pilot license application to the Federal Energy Regulatory Commission (FERC) for its East Foreland Tidal Energy Project in Cook Inlet, Alaska. The site has been identified as having the highest tidal energy potential in the U.S. B
The Severn Estuary Commission has confirmed that tidal range energy in the Severn Estuary is a viable option for renewable power generation. However, due to stakeholder concerns, commercial barriers, and legislative challenges, the Commission has ruled out the development of a large barrage at this
Renewable energy company WaveGen Energy has completed testing of its 200 W proof of concept (POC) at the National Institute of Technology Karnataka (NITK), demonstrating wave energy technology that could surpass current efficiency standards in the sector. According to WaveGen, its patented technolog
Swedish wave energy developer CorPower Ocean has secured funding from Sweden’s national innovation agency, Vinnova, to integrate artificial intelligence (AI) into its wave energy technology in collaboration with the Norwegian University of Science and Technology (NTNU). According to CorPower Ocean,
Australian company Wave Swell Energy (WSE) has validated its 200 kW wave energy converter (WEC) on King Island, Tasmania, demonstrating the effectiveness of its unidirectional oscillating water column technology. Following this milestone, WSE has opened an investment round to support its next growth
Australian wave energy company WaveX is seeking a SEED investment round to fund the next development phase, aiming to scale up its wave energy technology. The company plans to deploy a large-scale steel prototype in southern Western Australia to demonstrate consistent and reliable electricity produc
Danish wave energy firm Wavepiston has secured a €900,000 investment from two professional investors through The Blue Line, a Dutch joint venture (JV) company. The Blue Line is backed by Connect the Drops, a Dutch investment fund focused on the water sector, and Unknown Group, a venture capital firm
The SHINES project (Showcasing Hydrokinetic energy Innovations for Northwest European Energy Sovereignty) has launched, bringing together 14 partners from France, Ireland, Belgium, the Netherlands, Switzerland, and Germany to scale up tidal and river energy deployment. With €10 million in funding, 6
UK-based tidal energy company Proteus Marine Renewables (PMR) has secured a seat on the Ocean Energy Europe (OEE) Board of Directors, with CEO Drew Blaxland representing the company as a new Lead Partner. According to OEE, PMR has been developing its AR series of bottom-mounted tidal turbines for ov
