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4th March 2010
Australian ocean energy company BioPower Systems has secured land access, onshore development rights and project intellectual property for a commercial-scale wave energy site located near the town of Port Fairy, Victoria.
3rd March 2010
Listed marine energy company Ocean Power Technologies has received an award of €2.2m under the European Commission’s Seventh Framework Programme (FP7), by the EC Directorate responsible for new and renewable sources of energy, energy efficiency and innovation.
15th February 2010
Scottish wave energy company AWS Ocean Energy has secured a £2m investment from Scottish Enterprise’s Scottish Co-investment Fund and the Shell Technology Ventures Fund 1 (STVF1), an affiliate of Royal Dutch Shell.
19th January 2010
Australian wave energy developer Carnegie Wave Energy has launched its Perth Wave Energy Project at its Wave Energy Research Facility in Fremantle, Western Australia. According to Carnegie, it will be the first commercial scale wave energy unit to be deployed in Australia.
10th December 2009
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.
1st December 2009
Work on the Wave Hub marine energy project has begun in Cornwall, UK. Wave Hub will create the world’s largest test site for wave energy technology by building a grid-connected socket on the seabed, ten miles off the coast, to which wave power devices can be connected and their performance evaluated.
1st December 2009
US wave-energy developer Ocean Power Technologies (OPT) has appointed Philip J Pellegrino to the position of vice president, North America business development and marketing.
1st December 2009
International marine energy company Atlantis Resources Corporation has unveiled its latest tidal turbine and has agreed a commercial scale deployment of the technology at the European Marine Energy Centre (EMEC) in Orkney, Scotland.
5th October 2009
The European Union has awarded Finnish cleantech company AW-Energy €3m to develop and demonstrate its patented wave energy technology.
22nd September 2009
Wave and tidal developers are invited from today to bid for £22m in new government funding to accelerate the commercial development of marine energy in the UK.
28th August 2009
Oregon Wave Energy Trust said US-based Sound & Sea Technology has been awarded a contract to study wave energy device anchoring and monitoring techniques applicable to the range of wave energy devices which may be installed in Oregon Water in the future.
12th August 2009
Wave energy company Aquamarine Power has completed the first phase of its deployment of Oyster, a 194-tonne full scale nearshore wave energy convertor, at the European Marine Energy Centre (EMEC).
27th July 2009
Oregon Wave Energy Trust has awarded Advanced Research Corporation, a marine studies company, a contract to conduct a coastal wave energy infrastructure assessment.
21st July 2009
Nigel Meir of Ludgate Environmental Fund looks at which areas are particularly attractive in the economic downturn, which countries are soaring ahead in the clean energy race and why management plays such an important role.
‘You are far, far better off with a decent idea but a fantastic management team than with the greatest idea anyone has ever had, but with a poor management team.’
15th July 2009
Ocean Power Technologies, a wholly-owned subsidiary of Ocean Power Technologies, Inc. has signed a commitment agreement with the South West Regional Development Agency to advance the development of its Wave Hub, one of world’s largest proposed renewable marine energy projects.
14th July 2009
Ocean Power Technologies, a US-headquartered wave energy company, has posted its final results for the year ended 30 April, 2009.
2nd July 2009
The UK can profit from leading the world in the cleantech revolution, according to new analysis from the Carbon Trust, quantifying for the first time the economic benefits of investing in a range of clean technologies.
18th June 2009
The North of Scotland has launched a £14m investment programme for energy-related skills development and research projects. Funders include the European Regional Development Fund (ERDF), Highlands and Islands Enterprise (HIE), UHI, the prospective University of the Highlands and Islands; the Scottish Funding Council (SFC); the Nuclear Decommissioning Authority (NDA) and Highland Council.
11th June 2009
Ocean Power Technologies, Inc. has reached two major manufacturing milestones in the development of the company’s wave energy devices, the PB150 PowerBuoy, which is to be ready for deployment at the European Marine Energy Centre (EMEC) in Scotland by the end of 2009.
8th June 2009
Wave energy company Ocean Power Technologies, Inc. has appointed Angus Norman as chief executive of the company’s UK-based, wholly-owned subsidiary.
28th April 2009
Wave energy company Aquamarine Power has successfully tested its Oyster wave energy converter. The device has now produced and exported electricity to the grid at the New and Renewable Energy Centre near Newcastle, UK, for the first time, the company said.
3rd April 2009
Ocean Power Technologies, a wave energy technology company, has appointed Mark Robert Draper and Joseph Victor Chatigny as executive and non-executive members respectively of the board of directors.
3rd April 2009
Fears have been growing that the UK is no longer on target to reach its 2020 renewable energy goals amidst a flurry of major project closures. Energy majors such as Shell described alternative energy as uneconomically viable in times of financial uncertainty; a sentiment echoed around the camps of fellow players BP and Iberdrola Renewables.
2nd April 2009
Scottish marine energy company Aquamarine Power is focusing its efforts on the development and commercialisation of its Oyster Wave Energy Converter technology, the company said. As a result, the company will cease production of its tidal stream device, Neptune.
1st April 2009
US listed wave energy company Ocean Power Technologies, Inc. has received additional funding of $1.1m for its on-going project with the US Navy to demonstrate the company’s PowerBuoy wave energy system off the Hawaiian island of Oahu.
30th March 2009
Atlantis Resources Corporation, a developer of tidal current turbines, has completed a $14m funding round and added Norwegian renewable energy company Statkraft as a new partner and lead investor in the fundraising.
16th March 2009
US Secretary of the Interior Ken Salazar is looking to bring renewable energy to the forefront of the department with a new order utilising public lands.
11th March 2009
Canadian wave energy technology company SyncWave Systems has received CAN$2.7m from Sustainable Development Technology Canada (SDTC), according to reports.
26th February 2009
Aquamarine Power has signed an agreement with Airtricity, the renewable energy development division of Scottish and Southern Energy, to work on projects generating up to 1,000MW of marine energy by 2020.
10th February 2009
The UK’s renewable energy generator E.ON is planning to generate tidal electricity as part of the company’s ongoing mission to develop marine energy.
5th February 2009
The Scottish Government has approved the Siadar Wave Energy Project in the Outer Hebrides.
3rd February 2009
Wave energy technology company Ocean Power Technologies has appointed Dr Phil Hart as chief technology officer.
22nd January 2009
Renewable Energy Holdings, an investor in renewable energy technologies, has appointed Paris Mouratoglou to the board of REH as non executive director, effective 1 February 2009.
20th January 2009
Carnegie Corporation, the CETO development partner of Renewable Energy Holdings, an investor and operator of renewable energy technologies, has signed an agreement with the Australian Government’s Department of Defence (DoD).
16th January 2009
Vattenfall has acquired 51 per cent of Pandion, an ocean energy company, for €500,000. Ocean energy developer Wavebob will retain the outstanding 40 per cent of Pandion.
13th January 2009
Aquamarine Power has appointed ABB, a power and automation technology specialist, to complete the electrical engineering design and construct the generating system for the company’s tidal stream device, Aquamarine Neptune.
5th January 2009
The US Department of Energy’s Wind and Hydropower Technologies Program has built and released a database that provides the latest information on marine and hydrokinetic renewable energy in the US and around the globe.
24th December 2008
Australian construction company Leighton Contractors has executed agreements with two global technology providers to explore and develop wave and solar power projects in Australia.
5th December 2008
The Scottish government has been commended by EU Energy Commissioner Andris Piebalgs for its active role in renewable energy, following the launch of the £10m Saltire Prize Challenge.
18th November 2008
The UK’s South West Regional Development Agency (RDA) has selected J P Kenny, part of the John Wood Group, to manage the design, procurement and construction of the Wave Hub renewable energy project off South West England.
13th November 2008
US wave energy company Ocean Power Technologies has installed a wave energy generation unit in Hawaii as part of the company’s ongoing agreement with the US Navy for installation of wave energy units off the Marine Corps Base Hawaii at Kaneohe Bay, Hawaii.
29th October 2008
US energy company Progress Energy Carolinas is seeking proposals for potential renewable energy projects and alternative energy providers.
28th October 2008
The California Public Utilities Commission has denied Pacific Gas & Electric’s application to approve a power purchase agreement for a 2 MW wave power project in Humboldt County, California, with renewable energy developer Finavera Renewables.
3rd October 2008
Riccardo Cirillo on opportunities in marine energy, on the excess of money flooding the market, on investing in a young sector and on sourcing the jackpots of the future.
Atmos is a private equity-style holding company targeting investments in environmental topics such as sustainable development, renewable energies, energy efficiency, technological innovation in the cleantech field and financial aspects of greenhouse gas sequestration.
James Hall-Smith of HSBC discusses the drivers behind the growth of the European renewable energy scene and the opportunities this affords to infrastructure investors and project financiers alike.
‘I think there is an increased interest from a corporate governance and sustainability perspective. This makes many institutions focus on this area. There is also a recognition of the drivers behind environmental infrastructure, from the fundamentals of creating the best opportunity to tackling climate change, whilst also looking to gain energy security and satisfy the social and political drivers.'--- 1 Comment
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