Industry news

Wave energy pioneer Mocean Energy has raised £2.2 million new equity alongside a £500,000 grant to drive the commercialisation of its wave energy technologies. The equity funds come from existing investors including Equity Gap, Scottish …

Orbital, along with sector leading project partners, today announce their selection by the European Commission’s Horizon Europe Programme to deliver a multi-turbine tidal energy project, EURO-TIDES. Key workstreams will focus on accelerating the…

Minesto, leading ocean energy developer, has completed the manufacturing of the Dragon 12 wing and started system integration at quayside in Uddevalla port, Sweden. The quayside completion of the kite enables an efficient shipment directly to Mine…

SAE is delighted to announce that it has successfully secured 4 Contracts for Difference (CfD) in the latest allocation round, for the world leading MeyGen site. These CfD contracts, which guarantees €170 (€/MWh), for 15 years from 31st

CorPower Ocean has successfully installed its first commercial scale WEC (Wave Energy Converter) in northern Portugal, as it accelerates towards making wave energy a bankable technology for mass deployment. The CorPower C4 device was launched in t…

Three cutting-edge wave energy projects have been selected to fabricate, deploy and demonstrate their prototype designs in the third and final phase of the EuropeWave

Resen Waves is now selling a strong international patent and design know how on their small scale wave energy buoys. They are looking for a buyer with global out reach and a strong network in the offshore industry. The buoys are used for providing…

Minesto, leading ocean energy developer, has completed build and functional testing of sea-bed connection system for the 1.2-Megawatt power plant Dragon 12. The unique connection system, enabling one of the fastest launch and recovery operation in…

Thailand’s state energy company, PTTEP, has joined the Renewables for Subsea Power (RSP) collaborative project which is intended to prove the concept of powering subsea equipment with wave power and intelligent subsea energy storage. The…

Danish technology developer and integrator Floating Power Plant A/S is excited to announce that it has been selected to negotiate a significant grant by the European Commission to support its pioneering project at the PLOCAN test site in Spain, SE…