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Posts Tagged ‘wave power’

23 January 2012

Ecotricity moves into marine sector with Searaser launch

waves_rock_170SQ UK green energy company Ecotricity has diversified into the marine power sector and revealed it is developing a device that it believes can address the issues of intermittency and cost.

4 January 2012

Scottish wave power developer seeks strategic partnersp

pelamis3_170_170 A Scotland-based wave energy innovator is on the hunt for strategic partners as it continues up the development curve.

13 December 2011

Fortum, Seabased to build 10MW Swedish marine energy plant

waves_rock_170SQ Nordic energy company Fortum has signed an agreement with Swedish marine power developer Seabased for the joint construction of a €25m, 10MW wave energy demonstration plant in Sotenas, Sweden.

28 November 2011

Crown Estate encourages small businesses to enter marine power sector

UK property manager The Crown Estate has launched an initiative to make it easier for small companies to enter the UK’s wave and tidal energy industry.

24 October 2011

OPT launches European project to improve efficiency of PowerBouy

OPT_170SQ US marine energy developer Ocean Power Technologies has launched a new initiative designed to enhance the efficiency of its PowerBouy wave power product.

15 September 2011

Aquamarine Power steps to the forefront of marine energy’s commercialisation effortsp

Despite many sceptics arguing that the marine energy industry is lagging behind other renewable energy sectors, Aquamarine Power CEO Martin McAdam has told NewNet that with the right government support his company will be in a position to deploy a commercial array by 2014.

13 September 2011

Ocean Power Technologies partners with Lockheed Martin

US marine energy developer Ocean Power Technologies has entered into a joint venture with US technology giant Lockheed Martin to collaborate on a commercial-scale wave power system located at Reedsport in Oregon, West Coast US.

9 September 2011

Ocean Power Technologies moves towards commercialisation

Listed marine power developer Ocean Power Technologies has recorded revenues of $1.9m for the first quarter of fiscal 2012, a 36 per cent increase on the same period last year when the figure was $1.4m.

15 August 2011

Atlantis connects 1MW marine device to grid in Scotland

atlantis_170SQ Marine energy developer Atlantis Resources has connected a 1MW tidal turbine to the electricity grid at the European Marine Energy Centre in Orkney, Scotland. It is the first grid-connected commercial-scale device of its kind.

12 July 2011

Australia’s carbon tax causes upward shift in cleantech stocksp

Australiaflag_170_1701 Australian renewable companies have seen share prices increase following the announced introduction of an A$23 ($24.63) per tonne carbon tax. Several have seen double-digit percentage rises following the news and the introduction of other funding mechanisms designed to stimulate Australia’s clean energy sector.

28 June 2011

UK makes £20m available to fund marine power development

The Department for Energy and Climate Change has made £20m available for the development of marine power in the UK.

9 March 2011

Columbia Power Technologies secures funding for SeaRay wave energy device

Emerging US wave power technology developer Columbia Power Technologies’ new SeaRay device has moved two steps closer to commercial viability, now that the company has secured new private and government funding, and deployed its first prototype.

13 January 2011

Gujarat approves 250MW tidal development in Gulf of Kutch

The Chief Minister of East Indian state Gujarat, Narendra Modi, has given the green light to a 50MW tidal power project to be constructed in the Gulf of Kutch that may quintuple in capacity in the future.

20 September 2010

UK government urged not to lose momentum on marine power

The UK must act now to capitalise on its natural advantages in the nascent wave and tidal power industry, according to a report by wave power developer Aquamarine.

13 September 2010

OPT gives details of DOE awards

Ocean Power Technologies (OPT) has published more details of how it plans to use the $4.8m it was awarded by the US Department of Energy (DOE) last week.

10 September 2010

US Department of Energy awards $37m to marine and hydrokinetic technologies

The US Department of Energy (DOE) has awarded more than $37m in funding to accelerate the technological and commercial readiness of emerging marine and hydrokinetic (MHK) technologies.

9 September 2010

OPT posts increased revenue but net loss for second quarter

Ocean Power Technologies (OPT) recorded a net loss of $6.27m for the second quarter, an increase from the loss of $2.05m it posted for the same period of 2009 despite increasing its revenues.

17 May 2010

UK subsea construction company Subocean expands into Europe, eyes US markets

UK renewable energy services group Subocean has opened an office in Germany and appointed a business regional manager as part of its strategy for growth in Europe as it assesses the US market as way to diversify its business portfolio.

11 May 2010

Irish energy provider Energia signs energy purchase agreement with US company Ocean Energy Systems

Irish independent energy firm Energia has signed a preliminary off-take energy purchase agreement with US company Ocean Energy Systems (OES), which manufacturers a wave energy converter to produce electricity.

30 March 2010

Pelamis secures second order for new P2 wave energy converter

After ten years in development, Scottish offshore wave energy technology developer Pelamis has received a second order for its optimised P2 wave energy converter, following an initial deal with E.ON, from ScottishPower Renewables. The sale of the technology comes before its first system has even been delivered, Pelamis said.

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