Marine Energy

Work has begun on a 30-tonne wave machine that will take to the seas in the third quarter of 2020. Fife-based AJS Production will begin fabrication of the 20-m-long Blue Star wave energy converter, designed by Edinburgh start-up Mocean Energy. The half-scale device will be deployed in Orkney and will undergo a number of sea...
Business

The National Hydropower Association says that due to the impacts and uncertainty of the COVID-19 pandemic, they have decided to cancel Waterpower Week in Washington 2020 and postpone the International Conference on Ocean Energy (ICOE) to 2021. In a statement on its website, NHA said: “As you know, the safety of our staff and attendees...
Marine Energy

The Ocean Energy Systems technology collaboration program of the International Energy Agency has released is Annual Report for 2019. Key achievements for 2019 are cited as: Held two ExCo meetings in Riviera Maya, Mexico and Dublin, Ireland Renamed the task on environmental issues to OES-Environmental (OES-E). Fifteen nations participate in this task, led by the...
Marine Energy

Marine services company Malin Renewables has secured a £1 million (US$1.3 million) contract to supply a 50-tonne wave energy converter. Malin has been appointed by AWS Ocean Energy Ltd to build the half-scale Archimedes Waveswing device, designed for offshore wave energy production. Development of the Archimedes Waveswing is funded by Wave Energy Scotland through its Novel...
Marine Energy

Marine energy developer Minesto has signed a power purchase agreement (PPA) with electric utility SEV, advancing the parties’ collaboration to integrate tidal energy in the Faroe Islands’ electricity mix. The PPA comprises the planned installations of two 100-kW systems of Minesto’s subsea kite technology and an additional 2-MW capacity allocated for installations of utility-scale tidal...
Finance

Atlantis announces that its bond offer has raised £3.79 million (US$4.9 million) and is now closed. The five-year bond has a coupon of 8%, payable semi-annually, and matures in 2024. The bond was offered through Abundance Investment Limited, the provider of a regulated green peer-to-peer investment platform. When Atlantis launched the bond in August 2019,...
Marine Energy

Representatives of the Politecnico di Torino and Eni have signed a memorandum of understanding to further strengthen scientific collaboration and undertake a joint academic initiative to study energy from marine resources. This agreement will involve the launch of the “MarEnergy Lab” research laboratory, which will investigate specific issues, enhance related understanding, and contribute to the...
Jobs and People

Strategic Marketing Innovations (SMI) announces that Jeff Leahey has joined the firm as a vice president. Previously, Leahey served as executive vice president for government affairs of the National Hydropower Association (NHA). “Jeff is one of the nation’s leading advocates on hydropower and marine energy,” said SMI Chief Operating Officer Bill McCann. “He understands the...
Marine Energy

Ocean Renewable Power Company Inc. (ORPC) announces that current  director Stuart Davies will succeed Chris Sauer as the company’s chief executive officer. Sauer’s retirement is effective Jan. 17, and Davies will begin his new role Jan. 20. Under Sauer’s leadership, ORPC developed its proprietary marine renewable energy technology from an initial concept to a proven renewable energy product, the RivGen® Power System. The...