Tidal Energy

Orbital plans 15 MW of tidal turbine installs at PTEC by 2025

Scotland’s Orbital Marine Power Ltd is the first company to sign up for deploying tidal turbines at the Perpetuus Tidal Energy Centre (PTEC) and plans to initially install up to 15 MW there by the end of 2025. PTEC is...

Enel Green Power installs the first full-scale wave energy converter in Chile

The wave converter – the first of its kind in Latin America – was installed on the coast of the Valparaíso Region and will allow the study of marine energy generation in actual oceanic conditions. Enel Green Power Chile, Enel...

Minesto and Schneider Electric collaborate on ocean energy farms

Marine energy developer Minesto and energy technology company Schneider Electric have signed a memorandum of understanding for development of ocean energy farms. Working together, the companies aim to fast-track the commercial roll-out of energy generation from marine sources. The planned ocean...

Therma Marine contracts Wartsila for floating energy storage system

Power generation holding company Therma Marine (TMI) has ordered a flexible floating barge-mounted energy storage system from Finnish power and marine industry company Wärtsilä. The Philippines-based subsidiary of Aboitiz Power currently operates a 100MW thermal power barge in the country’s...

CorPower extends equity funding to 20.3 MEUR for commercial scale demonstration

After securing a private placement of 9 MEUR, CorPower has extended its equity funding to 20.3 MEUR, for the commercial scale demonstration of its wave energy technology. The investment round was led by Midroc New Technology and included SEB...

Eco Wave Power Engineering Permit for EWP-EDF One Project

In a significant regulatory milestone, Eco Wave Power is pleased to announce that today it secured the engineering coordination permit from the Municipality of Tel-Aviv Jaffa needed for the cement works and installation of ten floaters for the EWP-EDF...

CorPower and OPS primed for industry advancing wave energy project, following EEA Grant (WITH PICS)

CorPower Ocean and OPS Composite Solutions are primed to deliver an ‘industry advancing’ wave energy project after securing close to €500,000 from EEA Grants. The Portuguese-Swedish wave energy developer and Norwegian engineering firm will join forces for the COMPACT (COMposite...

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