Swedish wave energy technology developer CorPower Ocean has secured up to €17.5 million in funding from the European Innovation Council (EIC) Accelerator to support commercializing its wave energy solutions. The company noted that the funding package includes a €2.5 million grant and a €15 million p
A geophysical and geotechnical survey conducted offshore Viana do Castelo by Portugal’s WavEC Offshore Renewables has provided data on the seabed’s characteristics, supporting the development of floating offshore renewable energy projects. The study, carried out within the Technological Free Zone (Z
Wave energy developer Eco Wave Power has signed a memorandum of understanding (MoU) with Bharat Petroleum Corporation Limited (BPCL) to explore the potential of wave energy in India. According to Eco Wave Power, the agreement aims to advance the country’s renewable energy ambitions by leveraging it
UK-based tidal energy company Proteus Marine Renewables (PMR) has installed a megawatt-scale tidal turbine in the Naru Strait, Japan, making it “the first to operate such devices in two countries”. According to PMR, the AR1100 turbine is expected to generate 1.1 MW of power, supporting the decarboni
Industry players have welcomed a new report that highlights the potential of Scotland’s wave and tidal energy sector to generate up to £8 billion (almost $10 billion) for the economy by 2050, supporting more than 15,000 direct jobs and driving investment in coastal communities. Commissioned by Highl
The U.S. Testing Expertise and Access for Marine Energy Research (TEAMER) program has opened applications for its 16th request for technical support (RFTS), inviting marine energy developers to submit proposals by June 6, 2025. TEAMER provides access to testing facilities and technical expertise to
Norway-based classification society DNV has completed an independent technical review of Minesto’s Dragon-class technology, reinforcing the investment case for its planned 10 MW array in the Faroe Islands. The assessment, initiated in the autumn of 2024, evaluated the energy conversion performance,
Scotland’s tidal stream and wave energy sector could generate over £8 billion (almost $10 billion) in economic benefits and create more than 15,000 jobs by 2050 if the country retains its leadership position in the field, University of Edinburgh’s (UoE) new report reveals. Published by the UoE and c
Swedish company CorPower Ocean and Norway-based OPS Solutions have developed a pre-tension cylinder (PTC) prototype, marking a step toward reducing the cost and mass of wave energy converters (WECs). The two companies teamed up through the COMPACT project, combining expertise in wave energy and off
Wave energy developer Eco Wave Power has unveiled that it will sign a collaboration agreement with a Fortune 500 Indian company for the first wave energy pilot project in Maharashtra, India. Alongside the agreement, the company will showcase its wave energy generation model in New Delhi, demonstrat
Chilean researchers have completed hydrodynamic tests on a wave energy converter (WEC) as part of an academic collaboration between the University of Bío-Bío (UBB), the Austral University of Chile (UACH), the University of Edinburgh, and RWTH Aachen University. According to the representative from t
The first public engagement for the Mersey tidal power project saw that 84% of the respondents from the Liverpool City Region support the project. The project, set to harness tidal energy from the River Mersey, aims to expand the UK’s renewable energy capacity. A non-statutory consultation, conducte
U.S.-based subsea data collection and delivery provider Tiburon Subsea and Canadian Ocean Floor Geophysics (OFG) have signed a memorandum of understanding (MoU) to tackle challenges in wave and wind energy surveys and maintenance, and subsea security, among other things. In 2024, Tiburon Subsea intr
U.K. social enterprise Menter Môn’s Morlais tidal scheme is collaborating with The Crown Estate to provide access to environmental survey data for tidal energy development, collected off the coast of Ynys Môn, Anglesey, in Wales. According to Menter Môn, the data, amassed during the initial phase of
