Wave-powered desalination innovator Oneka Technologies has secured €8.7 million through equity round of financing, attracting various new investors on board. Oneka Technologies closed its main Series A equity round of financing with €8.7 million (CA$12.5 million) investment led by the Hoffecker Fami
The California State Senate has passed a ‘historic’ wave and tidal energy bill that directs the California Energy Commission to evaluate the feasibility, costs, and benefits of using wave and tidal energy across the Golden-State’s 840-mile coastline.
The Spanish government has awarded €1.2 million to Carnegie Clean Energy’s AGUAMARINA project to enhance and extend the deployment of its CETO wave energy device at Biscay Marine Energy Platform (BiMEP) in the Basque Country.
Fifteen years after its establishment, the Finnish company Wello has declared bankruptcy and ceased operations following the failure of two of its full-scale Penguin wave energy devices in real sea conditions, the last of which occurred offshore Spain in late 2021.
The US Department of Energy’s (DOE) Water Power Technologies Office (WPTO) and the Oak Ridge Institute for Science and Education (ORISE) have opened applications for the 2024 Marine Energy Graduate Student Research Program.
In preparation for its expansion in the United States, Swedish wave energy developer CorPower Ocean has signed a memorandum of understanding (MoU) with America’s blue economy research and developments center AltaSea at the Port of Los Angeles. The agreement will provide CorPower with access to facil
META, Wales’s national marine energy test facility, has recently deployed one of its Sofar Spotter wave buoys at Criterion Jetty tidal test site in Pembroke Dock.
French company EEL Energy is looking to raise up to €2 million in new funding to help advance its tidal energy technology and projects.
CalWave Power Technologies, a California-based developer of wave energy technologies, has joined the 24/7 Carbon-Free Energy Compact, a community that works to provide clean energy for all – powered by sustainable solutions.
Rivtide Power, a subsidiary of MWNW Consulting, has been awarded a £100,000 SMART: SCOTLAND feasibility study grant by Scottish Enterprise to further develop its tidal energy technology.
The European Parliament has voted to boost the deployment of renewable energy, setting the goal to increase the share of renewables in the EU’s final energy consumption to 42.5% by 2030.
Researchers at the National Renewable Energy Laboratory (NREL) have started working with four promising wave energy companies as they prepare to deploy their devices at PacWave South, a new grid-connected wave energy test site off the Oregon coast.
Danish company Resen Waves is looking to sell the company or patent and know-how for its wave energy technology after 12 years of development.
“It’s official, the tidal stream energy market has taken off with 11 companies awarded the contracts for difference,” said Mor Energy, a QED Naval subsidiary company, which has been supported in the latest UK renewables auction round along with Spanish-based Magallanes Renovables which also welcomed
