The Innovator Award at this year's British Renewable Energy Awards was picked up by Aquamarine Power for its Oyster® wave energy converter. The award recognizes outstanding excellence in innovative features of concept and design; achievement in meeting original objectives and continued proven success of the device; and the demonstration of exceptional effort of those involved in bringing Oyster through development, testing and towards to commercialisation.

Multiple bids for each of the lease types and all capacities have been received by the UK's Crown Estate, the body controlling the seabed around the shores of the United Kingdom, in the world's first large scale commercial wave and tidal energy leasing round. The announcement, made by the Crown Estate earlier this week, covers leases for wave and tidal energy projects in the Pentland Firth strategic area in the north of Scotland.

A major share placement, which raised Aus$5.75 million of capital, was announced today (27th May) by the Australian wave energy developer, Carnegie Corporation Limited. The placement, arranged by joint lead managers Blackswan Equities Pty Ltd and Patersons Securities Limited, saw just over 26 million shares at an issue price of 22 cents per share taken up by the market.

The Rotech Tidal Turbine 1MW commercial prototype’s power train, currently under development by Lunar Energy, has, says the company, successfully synchronized to a simulated grid and produced electricity in dry testing. The milestone, announced today (21st May), is the next step on the road to a commercial prototype unit being deployed at the European Marine Energy Centre (EMEC) in Orkney over the next year.