Orbital Marine Power Ltd (formerly named Scotrenewables Tidal Power Ltd) today announces the launch of a public debentures offer via the Abundance Investment platform. The offer signals progression towards commercialising the company’s world leading floating tidal technology. The debentures, targeting…
Marine energy developer Minesto has achieved initial electricity generation with its first commercial-scale marine energy kite during the commissioning program of the company’s ground-breaking low-flow tidal energy project in Wales. “We are entering a new era of renewable energy generation…
Results support a step-change improvement in survivability and competitiveness of wave energy After 18 months of combined dry and ocean testing of the C3 Wave Energy Converter (WEC), CorPower and project partners have taken important steps towards proving commercial viability…
Scotrenewables welcomes new investment and director appointments ahead of starting a new turbine build which will see an optimised 2MW floating turbine installed at the European Marine Energy Centre in Orkney. The multi-million pound investment is led by a private…
The PLAT-I tidal energy system, developed by Sustainable Marine Energy, and equipped with four SCHOTTEL HYDRO SIT250 tidal turbines, was installed in Grand Passage, between Brier and Long Island, on Tuesday September 18th. The marine operations to install the mooring…
On September 20th 2018, Ocean Energy Europe along with 3 other EU level organisations released a statement advocating the need to recognise the role of innovation in renewable generation and the specific challenges of demonstrating a new renewable technology at…
Today Canadian Minister of Natural Resources Amarjeet Sohi announced a CA$29.7M grant to the 9MW tidal energy project by DP Energy in Nova Scotia, Canada. Reacting to the news, Ocean Energy Europe’s CEO, Rémi Gruet, said: “This landmark project is…
Finance Secretary Mark Drakeford will today announce £10.3m of EU funding for the marine technology sector on a visit to Pembroke Dock Tuesday 11th September. The EU funding will support the design and testing of a fully-submerged membrane-style wave energy convertor capable…
An Innovate UK funded project focused on developing a smart integrated monitoring system for offshore energy subsea cables has drawn to a close following successful tests at the European Marine Energy Centre (EMEC) in Orkney. The novel technology will ultimately…
Exceedence announced that their equity crowdfunding raise has hit its 100 investor milestone raising £164,100 so far on Crowdcube's equity crowdfunding platform. This crowdfund will be instrumental in helping Exceedence accelerate the roll-out of their Renewable Fintech software in new…
