Ocean Power Technologies appoints new CEO
18th January 2010
Listed wave power company Ocean Power Technologies (OPT) has appointed Charles Frederick Dunleavy as the company’s CE0.
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Posts Tagged ‘wave power’
Marine Current Turbines raises £3.5m for UK’s first commercial tidal farm
11th January 2010
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.
Ocean Power Technologies’ second quarter results show net loss declines
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.
World’s first commercial scale tidal stream turbine performing above expectations
3rd November 2009
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.
Ocean Power Technologies signs agreement for Japanese wave demonstration project
8th October 2009
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.
Ocean Power Technologies wins $2.4m contract from US Navy for wave energy systems
1st October 2009
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.
Wave energy company Aquamarine Power raises £10m for new technology
22nd September 2009
Aquamarine Power, a wave energy developer, has raised £10m in the first round of its fundraising from UK and Irish-based investors.
Carbon Trust invests in tidal power projects to boost UK wave energy
11th September 2009
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.
Marine renewables to contribute £2.5bn to Scottish economy by 2020
26th August 2009
Marine renewables could contribute £2.5bn to Scotland’s economy by 2020, according to a report published by the industry-led Marine Energy Group.
Peninsula Research Institute for Marine Renewable Energy receives £10.3m in funding
3rd July 2009
The Peninsula Research Institute for Marine Renewable Energy, set up two years ago by the Universities of Exeter and Plymouth will receive £10.3m in funding for marine energy research.
UK DECC on a mission to generate power from the Severn estuary
27th January 2009
The UK Department of Energy and Climate Change has proposed a shortlist of schemes to generate clean electricity from the tidal waves in the Severn estuary.
Marine Current Turbines, Minas Basin Pulp and Power team up on tidal power
27th January 2009
UK tidal energy company Marine Current Turbines, has struck up a partnership with Canada’s Minas Basin Pulp and Power Company to develop tidal power facilities in Canada’s Bay of Fundy, Nova Scotia.
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NewNet Investor Profile: Shai Weiss, Virgin Green Fund
5th March 2010
Potential resource scarcity lies at the heart of Virgin Green Fund's investment strategy, with a focus on promising companies across a global range of sectors, technologies and geographies.
‘We look at the convergence and overlap of the energy, water and waste sectors as key broad themes for our investment strategy and where we tend to operate, to find these companies - an area that we feel can only get bigger.'knowledge
Majority of European investors see IPO as feasible exit for clean energy investments before 2012, survey finds
9th March 2010
An initial public offering (IPO) is a feasible exit for at least one investment held by European venture capital and private equity investors in the clean technology space during this year or next, according to a new survey.features
European geothermal industry calls for new fund covering exploration and drilling risk
5th March 2010
With the European Commission's recent awards of €2.3bn to 43 gas and electricity projects under the Economic Recovery Package, the European Geothermal Energy Council (EGEC) has urged a further commitment to create a European fund covering geothermal exploration and drilling risk.
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