Seabased, a global leader in the emerging wave market, has partnered with Nordic equity crowdfunding platform Invesdor to raise up to 15 million SEK (approximately EUR €1.5 million). The investment profile is live at www.invesdor.com/seabased. “Wave power is emerging as…
The Swedish Energy Agency invests SEK 105 million on a continuation of the Marine Energy Conversion Program. The initiative will contribute to exports of Swedish knowledge and Swedish products. The first announcement will open in May. "In the new venture,…
DP Energy is a leading global developer in renewable energy projects which are both sustainable and environmentally benign. In a comment on the joint decision with Floating Power Plant, Simon De Pietro, CEO DP Energy said: ’We have undertaken a…
Three renewable energy developers awarded recommendations for support so far. The EU-funded FORESEA programme has awarded a “Recommendation for Support” to three offshore renewable energy projects under call 4, following an interim review. This award will allow developers to…
Seabased has been contracted by TC’s Energy, a Ghanaian renewable energy production company, to deliver a wave energy plant near Ada, Ghana. The 100 MW park is one of the first, and one the largest, commercial contracts in the fledgling…
Tackling corrosion issues and developing new materials in the wave, tidal and offshore wind sectors across Europe could save up to €84,000 million for developers and create up to € 82,000 million of supply chain opportunities by 2050, according to…
The EU-funded FORESEA programme has approved funding for six developers of offshore renewable energy technologies to deploy technologies at the SmartBay Marine and Renewable Energy Test Site. The announcement marks a new phase in ocean energy development in Ireland,…
Laminaria’s wave energy converter (WEC) has completed tank testing at the Coastal, Ocean and Sediment Transport (COAST) laboratory at Plymouth University. Building on initial tank tests in 2016, the latest testing programme has been supported by MaRINET2 which supports…
Tidal energy leader Nova Innovation has announced an expansion of its activity in Wales, heralding an exciting period of growth for the company. Nova has opened a new office at the Galeri community enterprise centre in Caernarfon, and appointed Gwynedd-based…
UK marine technology development company Marine Power Systems (MPS) has successfully launched its wave energy device the WaveSub onto open water, marking the start of a new phase of sea-based testing for the device. The 1:4 scale prototype of the…
