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
Canadian Wave-powered desalination innovator Oneka Technologies and Chile-based Asfalcom have signed a memorandum of understanding (MoU) to deploy wave-powered desalination technology at Asfalcom’s production facility in Chile, marking a first for industrial water users in South America. According t
U.S.-based marine energy company C-Power’s SeaRAY ocean energy system has secured a statement of feasibility from third-party verifier DNV, paving the way for its deployment at PacWave South, located off the Oregon coast, in 2025. C-Power’s CTO, Ryan Calder said: “Third-party qualification milestone
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
Wave energy developer Eco Wave Power and EDF Renewables have unveiled what is said to be the Middle East’s first grid-connected wave energy power station at Jaffa Port. According to Eco Wave Power, the installation, now operational, has begun exporting clean electricity to the national grid under a
The U.S. Department of Energy’s (DOE) Water Power Technologies Office (WPTO) has allocated nearly $2 million to two university-led projects to advance wave-powered desalination technology. According to the U.S. DOE, the funding supports research at Purdue University and the University of Minnesota t
The U.S. Patent and Trademark Office has granted the U.S.-based marine energy company C-Power a patent for its SeaRAY ocean energy converter. According to C-Power, the patent, which stems from a customer-driven design process, validates the SeaRAY technology as a unique innovation in the ocean energ
The U.S. Department of Energy (DOE) has allocated over $18 million for 27 research and development (R&D) projects to advance marine energy and offshore wind technologies. According to the U.S. DOE, these initiatives, which will be undertaken across 17 universities, including five minority-serving in
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
The MeyGen tidal energy project, developed by SIMEC Atlantis Energy, has achieved a full operational capacity of 6 MW with the deployment of its fourth turbine. Edinburgh-based sustainable energy projects company SAE, which stands behind the project, confirmed that all four turbines are fully opera
UK-based Inyanga Marine Energy Group has expanded its international presence with the launch of a Canadian subsidiary, Inyanga Maritime Services Nova Scotia, headquartered in Halifax. According to Inyanga Marine Energy, this move positions the company to advance Nova Scotia’s tidal energy and offsho
Renewable energy company SwitcH2 has partnered with Swedish company CorPower Ocean to develop an industrial-scale floating green ammonia production facility partially powered by wave energy. The project, backed by Norway-based BW Offshore and Dutch Oceans Capital, aims to combine wind, solar, and w
