Canada-headquartered marine technology player Kraken Robotics is expanding its U.S. footprint with the acquisition of 3D at Depth, a subsea technology and services company specializing in high resolution LiDAR imaging and measurements. Kraken Robotics, through a subsidiary, has signed a definitive a
Champlain Hudson Power Express (CHPE), the company behind the underground and underwater transmission line between the Canada-U.S. border and New York City, has opened the third request for proposals (RFP) for its fund that aims to support New Yorkers looking for careers in the green economy. The Gr
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
Canada-headquartered marine technology player Kraken Robotics is set to receive a bought deal public offering of $45 million, with the net proceeds to be used for the company’s long-term strategy, including expansion and acquisitions, among others. Kraken Robotics has amended its agreement with Corm
The high-voltage direct current (HVDC) underwater and underground power cable project that will connect the Canadian border and New York has celebrated another construction milestone as cables have been floated across the U.S.-Canadian border marking the official start of marine installation work in
The Government of Canada has passed into law the first four Clean Economy Investment Tax Credits (ITCs), set to attract investment, boost innovation, create jobs, and steer the nation’s economy towards achieving net-zero emissions by 2050.
“We are excited to launch Occurrent Power and continue the work of BigMoon and its founder Lynn Blodgett to develop sustainable energy solutions that harness the natural flow of ocean currents and tides,” said the new CEO.
A California-based developer of wave energy technologies, CalWave, has been picked as the technology provider for a wave energy project at Yuquot, British Columbia (BC) with the Mowachaht/Muchalaht First Nation (MMFN). The Indigenous-led project, supported by funding from TD Bank Group and the Clean
U.S. National Hydropower Association (NHA) and Marine Renewables Canada (MRC) have inked a memorandum of understanding (MoU) to improve the development of marine energy resources. This partnership emphasizes the commitment of both organizations that are dedicated to advancing marine energy solutions
The Government of Canada has released the Tidal Energy Task Force’s final report to clarify regulatory requirements for tidal energy projects in the Bay of Fundy with the aim of defining the path for growth of the industry. The Government of Canada noted it was working with the province of Nova Scot
Marine Renewables Canada has appointed four new members to its Board of Directors. “As the need for clean energy grows, the marine renewable energy sector is positioned to have a significant impact on fighting climate change and building a sustainable and inclusive future,” said Marine Renewables C
The Canadian government is launching a new program that will establish green shipping corridors and help decarbonize the marine sector in major shipping areas along the Great Lakes, the St. Lawrence Seaway, and Canada’s east and west coasts.
Novarium, an innovation campus dedicated to the blue economy, has entered into a strategic partnership with the Port of Québec, one of the five largest ports in Canada.
Cranfield University has announced it is leading the UK’s collaboration on an international partnership, the Global Hydrogen Production Technologies Center (HyPT), to make low-cost, large-scale, net zero hydrogen production a reality. The HyPT is a £14.1 million ($17.45 million) five-year project wh
