Industry news

Marine Power Systems completed its crowdfunding campaign on Crowdcube last week. Receiving huge support from investors they reached their original target of £2m in just 48 hours of the fundraise opening and raised more than double that by the end…

CorPower has constructed the world’s largest wave energy test-rig following an intense two-year project. The 45-tonne moving mass system, installed at CorPower’s Stockholm base, is capable of simulating ocean wave conditions anywhere i…

Tidal energy leader Nova Innovation has been awarded a £2 million cash injection from the Scottish Government to advance tidal turbine manufacturing to a global level. The funding, delivered through Scottish Enterprise, is directed at Nov…

DP Energy has entered into a Joint Development Agreement (JDA) with Chubu Electric Power Company (Chubu) and Kawasaki Kisen Kaisha (“K” LINE) to develop the first phase of the Uisce Tapa tidal in the Bay of Fundy, Nova Scotia. The Bay …

Orbital Marine Power’s O2 has commenced grid connected power generation at the European Marine Energy Centre (EMEC) in Orkney. The innovative, floating turbine is anchored in the Fall of Warness where a subsea cable connects the 2MW offshore uni…

The European Marine Energy Centre (EMEC) has designed a programme of acoustic surveys to determine the potential impact that marine renewable developments may have on local species and habitats. This summer, EMEC will deploy a series of ac…

Sustainable Marine’s new turbine rotors have proven they can survive for two decades in the field, following rigorous tests at a leading European marine energy centre. The firm joined forces with the MaREI Centre at the Nation…

Greenbackers Investment Capital has revealed the identity of 26 climate technology start-ups who will be taking part in an innovative six-month programme designed to help them secure international funding ahead of the UN Climate Change Conference …

Nova Innovation and SABELLA are pleased to announce a Memorandum of Understanding (MoU) between the two leading tidal energy technology companies. The collaboration will accelerate development of tidal energy sites for both companies, comb…

Marine Power Systems have just launched a crowdfunding campaign with equity investment experts Crowdcube. The campaign has already reached exceeded its target with over 300 investors investing over £2.1 million between following pre-registration …