The European Commission is writing new State Aid rules for energy. These rules are really important for the sector – they decide if and how national and regional governments can fund renewable energy projects. The new draft rules are a…
Transforming the energy sector requires a shift towards renewable energy sources. The world’s oceans are a source of abundant renewable energy, which can be tapped through offshore wind (with fixed and floating foundations, or airborne), floating solar photovoltaics (PV) and…
The innovative Scottish technology developer, Orbital Marine Power (Orbital) will lead a pan-European consortium to deliver the €26.7m FORWARD-2030 project, set up to accelerate the commercial deployment of floating tidal energy. The FORWARD-2030 project consortium will receive €20.5m of grant…
Wello, the Finnish wave energy conversion experts have been developing its own vision for wave energy conversion technology for over a decade. Stepping away from the traditional ideas for wave energy, and developing a technology which is simple, easy to…
Leading marine energy developer Minesto has signed a two-year extension of its Power Purchase Agreement (PPA) with the electric utility company SEV for Minesto’s tidal energy site in Vestmannasund, Faroe Islands. In addition, a site extension analysis concludes that the…
Tidal energy pioneer Nova Innovation has secured €7.5 million from the Scottish National Investment Bank to fund manufacturing and distribution of its innovative subsea tidal turbines. The investment will see Nova increase its presence across the UK and expand into…
A new €45million marine energy project - European SCalable Offshore Renewable Energy Sources (EU-SCORES) - is paving the way for bankable multi-source offshore parks across Europe by 2025. EU-SCORES brings together leading wave energy and offshore solar PV technology providers,…
SCHOTTEL Hydro, Sustainable Marine’s German engineering partner, has collaborated with the world-renowned Center of Wind Power Drives at RWTH Aachen University to test its latest generation SIT250 drivetrain. The key component, manufactured by propulsion expert SCHOTTEL, forms the ‘powerhouse’ of…
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 in the world. The design, build and accreditation…
