Swedish cleantech startup NoviOcean, formerly known as Novige, is gearing up to launch an equity crowdfunding campaign through R Europe, formerly Seedrs. This initiative will offer investors a chance to acquire equity in the company as it drives forward the commercialization of sustainable wave powe
UK-based tidal energy company Proteus Marine Renewables (PMR) has had its cost reduction projections validated with the European Investment Bank (EIB), confirming that the levelized cost of energy (LCoE) reduction forecasts for its AR3000 tidal energy system are achievable. The independent report,
A consortium of ten universities, led by the University of Plymouth, is warning that urgent action is required for the UK to meet its 2050 Net Zero target, with significant acceleration needed in tidal, wave, and offshore wind energy growth. The latest report, ORE Outlook 2040, from the Supergen Of
Liverpool City Region Mayor has unveiled that the first public consultation for the Mersey Tidal Power project started just days after the formal planning process was initiated. This six-week consultation allows the public and local organizations to review and comment on the project’s early proposal
A team of scientists from the Marine Biological Association, the University of Plymouth, and the University of the Highlands and Islands (UHI) Shetland have analyzed how Orbital Marine Power’s O2 turbine interacts with Orkney’s powerful currents, providing insights into the optimal placement of tida
Swedish renewable energy firm Novige, which stands behind the hybrid wave, wind, and solar converter NoviOcean, is on the lookout for funding to scale its operations and integrate the technology into offshore wind farms. After securing the SEK 1 million (around $99,210) Startup4Climate award for the
UK-based tidal energy developer Inyanga Marine Energy Group has completed hydrodynamic testing of the passive pitch unit for the patented and scalable HydroWing solution, designed for cost-effective tidal stream energy generation. HydroWing secured the largest tidal energy project in the UK as part
UK-headquartered Tocardo, a producer of tidal and free-flow water turbines, has relocated its European operations from Den Oever to Vlissingen, Province Zeeland, Netherlands. The move places the company closer to key partners in the Offshore For Sure (O4S) project, such as Water2Energy, World Class
The U.S. Department of Energy (U.S. DOE), Water Power Technologies Office (WPTO), has issued a $112.5 million funding call to spur the demonstration of wave energy technologies through open water testing and system validation. The WPTO is set to allocate funding over the next five years to support w
LUSH Cosmetics, a UK-based cosmetics-sustainability leader, has partnered with Bournemouth University to co-fund a three-year PhD studentship aimed at exploring the development of a new tidal energy station in Poole Harbor, UK. If successful, the development of a 150 kWh tidal energy station in Pool
Marine classification society, Lloyd’s Register (LR), has signed an agreement with Scotland-based renewable energy company Orbital Marine Power to start the certification process for what is described as the “world’s largest” tidal energy converter (TEC). Orbital’s upcoming O2-X TEC will generate 2.
Natural Resources Wales has completed the Environmental Monitoring and Mitigation Plan (EMMP) for the Marine Characterization Research Project (MCRP), led by Menter Môn. The EMMP, developed with input from environmental stakeholders and an advisory group, is part of the marine license for the Morlai
The Hague-based Wave Energy Collective (Weco) has completed testing of its wave energy converter (WEC) at the 24/7 Waves facility, clearing the path for further multi-week tests. At the 24/7 Wave facility, Weco said its WEC had generated electricity from 70 cm waves. “The test will help us prepare f
The Ondas de Peniche (ONDEP) project has secured €19 million in funding from the EU’s Horizon Europe funding program to deploy a 2 MW wave energy array with four WaveRoller wave energy converters offshore Portugal. The ONDEP project will start in October 2024 and run for five and a half years, cover
