Marine Energy

The U.S. Department of Energy’s (DOE’s) Water Power Technologies Office (WPTO) has announced 10 project selections totaling up to $22 million to support marine energy research and development and testing infrastructure. Seven out of the 10 projects selected will leverage the expertise and intellectual capital of non-federal research institutions, like universities, by supporting foundational R&D...
Marine Energy

The Ocean Energy Smart Grid Integration Project has been launched by Canada’s Ocean Supercluster. The C$975,000 (US$760,000) initiative brings together a range of partners in ocean innovation to commercialize the integration of ocean energy solutions into communities. The project will develop a single controller that has algorithms for different communities, whereas currently there is a...
Dam Safety

J.F. Brennan Company announces the asset acquisition of New England-based Specialty Diving Services Inc (SDS). The acquisition combines two established union companies that specialize in commercial diving and heavy marine construction. Founded in 1986, SDS is headquartered at the Port of Davisville in North Kingstown, R.I. Brennan’s new SDS location has an office, shop, yard,...
Marine Energy

Eco Wave Power has signed a collaboration agreement with Meridian Energy Australia (MEA) Pty Ltd to jointly investigate the development of commercial wave energy power projects in the Australian National Electricity Market (NEM). Eco Wave Power will recognize MEA as a supporting partner, lead the investigation into the application of wave energy in Australia and...
Marine Energy

Members of the Orbital Marine Power Ltd community who received early access to the company’s crowdfunding campaign have already pushed the company past its £1 million target in less than one week. Orbital, Scottish-based developers of floating tidal turbine technology, is raising equity investment to support future looking commercial activities and ongoing development of its...
Jobs and People

Eco Wave Power has appointed Aharon Yehuda chief financial officer, based in the global headquarters in Tel Aviv, Israel. Yehuda has broad experience in corporate and operational finance, most recently as CFO of Turbochrome, a subsidiary of the TAT-Technologies Group, adding jet engine component MRO capabilities to TAT’s suite of services for commercial and military...
Marine Energy

Ocean Energy Europe and the International Renewable Energy Agency have signed a memorandum of understanding to “deepen existing cooperation to accelerate the commercialization of ocean energy technologies, by promoting the right policy incentives and innovative business models in Europe and globally.” The MoU was signed by Rémi Gruet, chief executive officer of OEE, and Francesco...
Marine Energy

To help meet the EU’s goal of climate neutrality by 2050, the European Commission last week presented the EU Strategy on Offshore Renewable Energy, which proposes to increase Europe’s offshore wind capacity from its current level of 12 GW to at least 60 GW by 2030 and to 300 GW by 2050. The Commission aims to complement this with 40 GW of...
Marine Energy

Swedish wave energy firm CorPower Ocean is set to unleash a new project in the Atlantic Ocean off Portugal after securing a 10-year license.  The license from Portugal’s Directorate-General for Natural Resources provides a permit for the project up to 12 miles off the coast of Aguçadoura.  CorPower Ocean country manager Miguel Silva said the permit...