Industry news
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Published : 10/01/2019
Abundance closes largest investment to date for Orbital Marine Power, raising £7 million
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 t…More -
Published : 07/01/2019
FORESEA launches 5th and final call
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 re…More -
Published : 21/12/2018
Minesto enters planning phase for second stage of public funding in Wales
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 t…More -
Published : 20/12/2018
CorPower Ocean adds industrial investors
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 wa…More -
Published : 03/12/2018
Orbital Marine Power signs agreement with Menter Môn for Anglesey tidal array project
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…More -
Published : 22/11/2018
SIMEC Atlantis and AD Normandie Développement signed joint venture for project in Raz Blanchard
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…More -
Published : 19/11/2018
Orbital Marine Power unveils Orbital O2 2MW turbine design
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 Orb…More -
Published : 09/11/2018
Minesto completes offshore test in Wales
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 p…More -
Published : 26/10/2018
Nova Innovation wins European Commission’s Business Award
Edinburgh-based Nova Innovation is flying the flag for Europe’s renewable energy industry after winning the Enterprise Europe Network Award 2018, announced in Vienna today. Nova Innovation won the award for its development and expansion …More -
Published : 22/10/2018
SIMEC Atlantis and Normandy Region create “Normandie Hydroliennne” joint venture
Hervé Morin, president of the Normandy region, and Tim Cornelius, CEO of SIMEC Atlantis Energy, are pleased to announce the creation a joint venture called “Normandie Hydroliennne” between Normandy and Atlantis in the coming weeks. The object…More