21 January 2019. The new Interreg NWE project Ocean DEMO has been officially launched today. It provides funding to developers of marine renewable technologies to test their products or services in real sea environments. Ocean DEMO specifically targets multi-machine ocean…
Orbital Marine Power (Orkney) will fund construction of the UK’s first floating tidal stream turbine to go into commercial production. c2,300 individual investors invested an average of c£3,000, with over half investing via their ISAs for a tax-free return. Particularly…
7 January 2019. The FORESEA (Funding Ocean Energy through Strategic European Action) programme launched its 5th call for proposals today. The call aims to help developers of offshore low carbon technologies to test their products or services in real sea…
Marine energy developer Minesto has taken the next step towards commercialisation of its subsea kite technology and the development of the marine energy sector in Wales. The company has entered the formal planning phase with Welsh Government for the second…
Midroc New Technology and Almi Invest’s Greentech fund join InnoEnergy and a group of private investors in a €2.3m equity funding round. The equity investment is part of a larger funding package targeting €45m to take CorPower’s wave energy technology…
With the upcoming decision on the next Multiannual Financial Framework (MFF), the EU institutions will set a direction which will determine the evolution of EU investments and have a direct impact on our energy system for decades to come. Considering…
Anglesey has received a further boost to its ambition to become a centre of excellence for tidal stream energy as Orbital Marine Power, the leading Scottish based tidal technology developer, has signed an agreement to demonstrate its award-winning floating tidal…
French tidal power one step closer to commercialisation as SIMEC Atlantis spearheads Normandie Hydrolienne JV. Joint Venture Agreement with AD NORMANDIE DÉVELOPPEMENT and the regional investment fund NORMANDIE PARTICIPATIONS to include the development of a multi hundred-megawatt tidal stream project…
Orbital Marine Power has revealed the designs of its upcoming commercial production tidal turbine, the Orbital O2 2MW, which is targeted to be deployed at the European Marine Energy Centre (EMEC) in Orkney in 2020. Andrew Scott, CEO of Orbital…
Marine energy developer Minesto has completed the offshore commissioning and test programme of its EU-funded tidal energy project offshore Holyhead, North Wales, which aims to demonstrate the company’s first utility-scale system of its pioneering subsea kite technology. “We are proud…
