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 with a 2 MW pilot to showcase the potential of wave energy in driving economic and environmental resilience in Small Island Developing States (SIDS).The project’s long-term goal is to scale up the pilot to a minimum of 10 MW…
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…
Eco Wave Power has signed an agreement for the sale of the first wave energy generation unit with I-Ke International Ocean Energy, a subsidiary of maritime engineering company Lian Tat, for the pilot wave energy plant in Taiwan.According to the terms of the agreement…
Ocean Power Technologies Signs (OPT) has signed a memorandum of understanding (MoU) with Brazil’s SENAI to advance autonomous ocean developments.OPT and SENAI, short for Serviço Nacional de Aprendizagem Industrial (SENAI Innovation Institute for Virtual Production Systems from Firjan) in Brazil…
The U.S. Department of Energy has made its largest ever investment in marine energy, making $112.5 million available for the commercialization of wave energy technologies.This five-year investment is expected to significantly accelerate the design…
SLB has signed a memorandum of understanding (MOU) through its OneSubsea joint venture with C-Power aimed at exploring the use wave energy as a lower-cost, lower-carbon power source for subsea energy applications.Subsea Integration Alliance partners SLB OneSubsea and Subsea7 will together with U…
The WEDUSEA project, involving 14 partners across offshore energy industry and academia, has received a formal go-ahead from the European Union, bringing the developers one step closer to the deployment of 1 MW wave energy device offshore Scotland…
The Ondas de Peniche (ONDEP) project has been awarded $21 million (€19 million) from the EU’s Horizon Europe funding program to deploy a 2 MW wave energy array featuring four WaveRoller wave energy converters.The ONDEP project will start in October 2024 and last for five and a half years…
Ocean Power Technologies (OPT) has completed more than four months of offshore testing of its next generation PowerBuoy in the Atlantic Ocean off New Jersey.The solar and wind power equipped PowerBuoy also featured OPT’s proprietary artificial intelligence capable Merrows suite of solutions…
Swedish-Israeli company Eco Wave Power has held an official kick-off for the development of 1 MW wave energy project in Portugal.Eco Wave Power’s engineering team and the company’s CEO Inna Braverman have held an official site-visit with APDL (Administração dos Portos do Douro…
The U.S. Department of Energy’s Water Power Technologies Office has set out plans to provide up to $112.5 million in funding to advance the commercial readiness of wave energy technologies through open water testing and system validation.The…
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