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Posts Tagged ‘wave power’

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.

18 January 2010

Ocean Power Technologies appoints new CEO

Listed wave power company Ocean Power Technologies (OPT) has appointed Charles Frederick Dunleavy as the company's CE0.

11 January 2010

Marine Current Turbines raises £3.5m for UK’s first commercial tidal farm

Marine Current Turbines (MCT) has raised £3.5m from an investor group led by Carbon Trust Investments and including Bank Invest, EDF Energy, High Tide and a group of private investors. The company said that it plans to use the funding to deploy the UK's first commercial tidal energy farm within the next two years.

10 December 2009

Ocean Power Technologies’ second quarter results show net loss declines

NASDAQ-listed Ocean Power Technologies' financial results for the second quarter ended 31 October 2009 show its net loss has declined to $7.3m for the six months ended 31 October 2009 compared to a $10m net loss for the same period of 2008.

3 November 2009

World’s first commercial scale tidal stream turbine performing above expectations

The world's only commercial scale tidal stream turbine is performing above expectations, according to developer Marine Current Turbines, a UK-based wave power company. Located in Strangford Narrows, Northern Ireland, the SeaGen turbine produces an average of 5MWh or electricity during each 6.25 hours of each ebb and flood tide.

8 October 2009

Ocean Power Technologies signs agreement for Japanese wave demonstration project

Listed marine energy company Ocean Power Technologies Inc has signed an exclusive agreement with a consortium of three Japanese companies to develop a demonstration wave power station in Japan.

1 October 2009

Ocean Power Technologies wins $2.4m contract from US Navy for wave energy systems

Ocean Power Technologies, Inc. has been awarded a new $2.4m contract from the US Navy to provide the company's PowerBuoy wave energy conversion system to the Navy's Littoral Expeditionary Autonomous PowerBuoy (LEAP) programme.

22 September 2009

Wave energy company Aquamarine Power raises £10m for new technology

Aquamarine Power, a wave energy developer, has raised £10m in the first round of its fundraising from UK and Irish-based investors.

11 September 2009

Carbon Trust invests in tidal power projects to boost UK wave energy

The Carbon Trust is to support two cutting edge marine energy devices with an aim to accelerate the commercial development of wave and tidal energy in the UK.

26 August 2009

Marine renewables to contribute £2.5bn to Scottish economy by 2020

Marine renewables could contribute £2.5bn to Scotland's economy by 2020, according to a report published by the industry-led Marine Energy Group.

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