Ocean Power Technologies (OPT) has secured a contract for an AI-capable PowerBuoy for an immediate delivery in the United States.This contract enables the future integration of surface and subsea sensors, and the buoy will be deployed on the East Coast.Due to the confidential nature of the contract, further details have not been disclosed.'In addition to the material growth of our WAM-V business, we are excited to continue growing our PowerBuoy business…
CorPower Ocean has secured financial backing from Vinnova, Sweden’s national innovation agency, for a project exploring the adoption of artificial intelligence (AI) for improved performance and control in wave energy technology.The WACE project…
Wavepiston, a developer of turnkey wave energy technology, shared that two professional investors have invested about $980,000 in Wavepiston via the Dutch joint venture company, The Blue Line B.V. The Blue Line is an initiative from investors Connect the Drops…
Eco Wave Power has started critical infrastructure enhancements for its planned 1MW wave energy project in the city of Porto in Portugal.The Porto project, Eco Wave Power's first MW-scale wave energy venture in the country, is expected to be finalized during 2026…
CorPower Ocean was selected as a winner of the European Innovation Council (EIC) Accelerator program and has been awarded €2.5 million in grant and a pre-commitment of €15 million in equity investment, totaling €17.5 million, to accelerate the commercialization of its wave energy tech…
Eco Wave Power Global has signed a Memorandum of Understanding (MoU) with Bharat Petroleum Corporation Limited (BPCL), marking a first step for the introduction of wave energy into India’s renewable energy strategy.The collaboration aligns with…
Eco Wave Power has engaged Portuguese engineering firm MOQ Engineering to perform the final design and load calculations for its wave energy project in Portugal’s city of Porto.The collaboration with MOQ will focus on delivering the final civil…
Eco Wave Power has officially switched on wave energy power plant, developed in collaboration with EDF Renewables IL, at Tel Aviv’s Port of Jaffa.The EWP-EDF One project has 100 kW installed capacity and is comprised of 10 wave energy floaters…
Swedish wave energy company CorPower Ocean has partnered with SwitchH2, offshore floating production systems developer for the delivery of green hydrogen and green ammonia, to deliver industrial-scale floating green ammonia production facility partially powered by wave energy…
Swedish company Seabased has signed a three-party memorandum of understanding (MoU) with the Government of Grenada and SIDS DOCK to establish Grenada’s first utility-scale wave energy park.The agreement outlines a phased project that will begin…
Scottish ocean energy pioneer Mocean Energy has launched a crowdfunding campaign on Crowdcube, Europe’s largest private market investment platform.The campaign, which is now live, aims to finance the next phase of the company’s growth plans as it looks to mature its wave energy technology…
Eco Wave Power has received the final Nationwide Permit (NWP) from the U.S. Army Corps of Engineers for its wave energy project at AltaSea’s premises at the Port of Los Angeles.The milestone marks a significant step forward in the development of Eco Wave Power’s pioneering wave energy project…
Portuguese maritime engineering company Etermar has launched Etermar Energia, a new branch dedicated to renewable energy, with a strong focus on offshore wind.Energia Energia has been established with the aim to become a strategic partner for the development of offshore wind projects worldwide…
CorPower Ocean has secured $35 million (€32 million) funding in an investment round set up to support the commercial roll out of its wave energy technology.The Series B1 investment round was led by NordicNinja, the largest Japanese backed VC in Europe…
Scottish ocean energy company Mocean Energy and global controls technology specialists Proserv have signed a working partnership agreement with the aim of accelerating the development of renewables solutions for subsea operations.Together the…
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