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Posts Tagged ‘marine energy’

8 November 2010

Ocean Power Technologies, Mitsui agree to advance Japanese wave energy

Nasdaq-listed marine energy company Ocean Power Technologies (OPT) has formed a contract with Mitsui Engineering & Shipbuilding to further develop its technology for application in Japanese sea conditions.

28 October 2010

Hopes for Severn Barrage tidal energy project reignited by private consortium

Hopes of a tidal project being built on the Severn Estuary in UK waters have been revived through a consortium of private companies who revealed to NewNet that government funding is not necessary for the scheme to progress.

18 October 2010

UK government aims for investor certainty in energy policy, rejects Severn tidal project funding

A surge of investment in new energy sources will be needed to ensure the UK’s energy security and reduce the reliance on fossil fuels in the decades ahead, Secretary of State for Energy Chris Huhne said today as he announced a raft of decisions on UK infrastructure projects as part of the revised energy National Policy Statements.

18 October 2010

Able secures approval to build renewable energy park in north-east UK

Industrial group Able has received regional approval to construct a £400m Marine Energy Park at Able Humber Port that it touted earlier this year, which is expected to produce a wealth of jobs to the region, reports said.

13 October 2010

Dr Patrick O’Kane leaves SSE Renewables to spearhead Aquamarine Power operations

Former head of engineering and wind resource assessment at SSE Renewables, Dr Patrick O’Kane, has joined wave energy developer Aquamarine Power to spearhead its technical operations as CTO.

4 October 2010

Ocean Power Technologies secures $2.72m in US Navy funding

The US Navy has awarded $2.72m in additional funding to AIM-listed marine energy developer Ocean Power Technologies under the second stage of its contract to provide an autonomous PowerBuoy wave conversion system for its coastal anti-terrorism and marine surveillance programme.

18 August 2010

Largest ocean energy device in the US supplies energy to grid

Tidal energy project developer Ocean Renewable Power Company’s (ORPC) Beta Power System in Maine, which it said is the largest ocean energy generator ever installed in US waters, has successfully generated grid-compatible power.

17 August 2010

SeaGen device may secure financing under UK’s Marine Renewables Deployment Fund

Marine Current Turbines (MCT) said its SeaGen technology may be the first tidal power system to meet the power generation criteria for the UK government’s Marine Renewables Deployment Fund.

17 August 2010

Tidal power developer Hammerfest Strøm issues £4m in turbine fabrication contracts

Norwegian tidal power developer Hammerfest Strøm has issued a round of contracts worth in the region of £4m for companies to construct the first of its advanced HS1000 tidal energy turbines in Scotland.

29 July 2010

Ocean Power Technologies receives £1.5m support from UK government to scale-up wave energy system

Ocean Power Technologies has received a £1.5m grant from the UK’s South West Regional Development Agency for the development of its next generation 500kW PowerBuoy wave power system.

27 July 2010

World’s largest marine energy test site installed off UK south coast

The world's largest marine energy technology test site has moved closer to compleition with the shimpment of the Wave Hub station to Cornwall, UK in preparation for installation next week.

26 July 2010

Talks start as to how The Crown Estate is managed in Scotland

Ministers in Scotland are in talks with the UK government to determine how to make The Crown Estate ensure that Scotland benefits fully from its natural resources.

13 July 2010

Active financial year sees Ocean Power Technologies’ up 26 per cent on widened losses

Listed wave energy technology developer Ocean Power Technologies (OPT) saw its revenue grow 26 per cent in fiscal 2010 to $5.1m compared to $4m for fiscal 2009. However, increased financial activity was coupled with an increase in net loss to $19.2m compared to $18.3m the previous year.

8 July 2010

Able UK to build £400m marine energy park

Industrial group Able UK has unveiled its plans for a £400m Marine Energy Park, including the construction of quayside facilities purpose-built for the construction and installation of wind turbines, and the development of biomass energy generation.

10 June 2010

Offshore engineering specialists SeaRoc adds renewable industry experts

Renewable industry experts Eric Briar and Toby Mead, both former members of environmental advisers Metoc, are set to join UK marine and offshore engineering specialists SeaRoc, part of the Natural Power group.

4 June 2010

Barclays PE takes £16m stake in energy services company Wilton

Mid-market firm Barclays Private Equity has taken a significant minority stake in the Wilton Group, a provider of services for the subsea, marine, offshore and renewable energy industries, through an all-cash management buy-out.

19 May 2010

Renewable energy sector must not underestimate risk, says Xodus Group

Xodus Group, which provides integrated engineering, safety and environmental consultancy to industry and governments globally has warned the renewable sector not to underestimate risk in the sector.

19 May 2010

Aquamarine Power launches upgraded Oyster wave energy converter

Wave energy developer Aquamarine Power has unveiled the design of its Oyster 2 wave energy convertor, which will be built in Scotland this summer.

17 May 2010

European Marine Energy test centre expands to attract early-stage developers

The European Marine Energy Centre (EMEC) for commercial-scale wave and tidal energy device testing in Scotland, UK, said it is expanding to attract international businesses with smaller prototypes at earlier stages of development.

19 March 2010

Marine energy research gets £25m boost in Plymouth, UK

A £25m innovation programme has been established in the UK coastal city of Plymouth to develop marine energy technologies.

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