SIMEC Atlantis Energy (SAE) is delighted to announce that MeyGen has secured a non-convertible loan of €3m from Scottish Enterprise, which will enable the redeployment of the remaining two turbines at the MeyGen site within the next 12 months. This…
Hann-Ocean Energy launched their first third-generation 15-kilowatt wave energy converter (WEC) in Shengsi archipelago, China, on the 8th of January 2022. It is entering a one-year sea trial, with the device expected to generate 70,000 kWh of power annually. The…
CorPower Ocean has partnered with subsea composite specialist Diab for the construction of its first commercial scale Wave Energy Converter (WEC). The ocean energy developer is currently fabricating its next generation C4 WEC, with dual build-out operations in Sweden and…
Climate Change Minister Julie James confirmed the funding would be given to Menter Môn for the Morlais infrastructure project. The Morlais Infrastructure development aims to further the development of tidal power generation technologies by providing grid connectivity. Climate Change Minister…
SIMEC Atlantis Energy (SAE) is pleased to announce the successful re-deployment of its AR1500, 1.5MW turbine, at its MeyGen site. The turbine has been out of the water for upgrade and maintenance work. It is now back generating green, predictable…
Ocean energy deployments are back to pre-pandemic levels, with Europe installing over ten times as much tidal energy capacity and three times as much wave energy compared to 2020. Investment interest in the sector also rose, with a slew of…
The renewable energy share target in the revised EU Renewable Energy Directive (RED III) should be raised to 45%, and should include more diverse sources, say the European Parliament’s EPP Group and Markus Pieper MEP, the directive’s Rapporteur. Dr Pieper’s…
Resen Waves is seeking investors to develop its small-scale commercial 300W to 3kW Smart Power Buoys and attract new international opportunities. Smart Power Buoys provide autonomous power in the sea and instant data communication with instruments or AUV docking stations…
Wave power specialists Mocean Energy have secured major new investment to accelerate the commercial roll-out of their ground-breaking wave energy technology. The Edinburgh firm has raised €873,000 equity funding from existing funders, led by angel syndicate Equity Gap, together with…
Global tidal energy pioneers Nova Innovation (Nova) plan to develop their largest tidal energy array to date at Yell Sound in Shetland and boost decarbonisation of the local energy supply. Nova has been awarded an Option Agreement from Crown Estate…
