Cornwall-based Inyanga-Tech has completed concept and feasibility development of the HydroWing tidal energy project. The concept and feasibility study was aimed at demonstrating that the technology is technically and commercially viable. HydroWing is Inyanga-Tech’s patent-pending tidal energy techno
Italian offshore energy services major Saipem and the Finnish company Wello have signed a memorandum of understanding (MoU) to optimize wave energy converter Penguin technology. The objective of the agreement is the development of future initiatives in the sector. Saipem will support Wello to optimi
Marine Energy Wales has announced that phase 1 of its Marine Energy Test Area (META) project is officially open for business. The announcement was made during a launch event held at Pembroke Port and marks a significant step in the development of the project. With eight pre-consented sites located i
Carnegie has raised the required $5.5 million to continue with the final phases of the recapitalisation plan. Existing shareholders contributed approximately $4.4 million, with around $1.1 million coming from new investors under the Shortfall Offer. The initial plan was to raise a minimum of $5.5 mi
A research project to make the island of Texel in the Netherlands sustainable through wave energy has now reached the planning stage for the installation of a wave energy farm prototype. Invented by Erwin Croughs, the Slow Mill wave pilot project aims to install five or six Slow Mills and create a w
Ocean Power Innovation Network (OPIN) will be holding the projects first OPIN Annual Symposium, taking place alongside the Ocean Energy Europe 2019 Conference in the Convention Centre Dublin on September 30. The Symposium will provide an opportunity for OPIN members to network and learn more about t
Irish hydrokinetic turbine developer GKinetic Energy returned to the IFREMER test facility in Boulogne-sur-Mer, France last week for a full 5 days of testing on an optimised device that was both submerged and deployed at the surface for comparative analysis. The testing is part of a much larger, ove
The Marine Energy Alliance (MEA) and its partners will be present during Offshore Energy 2019 at the Marine Energy Pavilion on the exhibition floor. The Marine Energy Alliance aims to progress the technical and commercial maturity level of early-stage (TRL 3 – 4) marine energy technology companies w
Ocean Power Technologies (OPT) has reported net loss for the first quarter of fiscal 2020 ended July 31, 2019 of $3.0 million, compared to a net loss of $3.2 million for the prior-year period. The decrease in net loss was mainly attributable to the decrease in selling, general and administrative cos
Efforts to understand the potential of tidal energy to play a role in Nova Scotia’s clean energy future have taken another step forward with the appointment of new board directors to the Fundy Ocean Research Center for Energy (FORCE), as well as the launch of new live site data from the Minas Passag
On Wednesday 9 October, Dutch Marine Energy Centre (DMEC), Dutch Energy from Water Association (EWA) and Navingo organise the 5th annual Marine Energy Event. This session will delve into how marine energy solutions can drive our energy transition and next steps foreseen to successfully commercialize
Wave energy firm Mocean Energy has set up a base in Aberdeen to commercialise its Seabase technology. The Edinburgh start-up – which has already secured £100,000 from Scottish Enterprise for the technical development of Seabase and further £100,000 from the Oil & Gas Technology Centre for its commer
MarineEnergy.biz has compiled the top news from marine energy industry from September 16 – September 22, 2019. https://marineenergy.biz/2019/09/17/mako-tidal-energy-demonstration-site-opens-in-singapore/ https://marineenergy.biz/2019/09/19/watch-aw-energy-completes-final-assembly-of-first-commercial
Biome Renewables has started the testing of its PowerCone tidal technology in Strangford Loch, Northern Ireland in cooperation with Queens University Belfast and Cuan Marine Services. After months of preparation the company started the turbine testing, assessing performance in flows nearing 2 m/s, R
