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MCT raises £3.5m for commercial tidal farm
Monday, 21 December 2009 19:04

Marine Current Turbines (MCT) has raised £3.5m, it was announced today (21st December) to help fund its plans to deploy the UK's first commercial tidal energy farm in UK waters within the next two years. The money, says MCT, came from a group led by Carbon Trust Investments Limited and including Bank Invest, EDF Energy, High Tide and a group of significant private investors.

Last Updated on Monday, 21 December 2009 19:08
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Shetland’s first wave power project launched
Friday, 18 December 2009 18:48

A joint-venture to develop the first wave power project off the Shetland Islands has been launched by Pelamis Wave Power and Vattenfal it was announced this week (16th December). The launch of the joint-venture, called Aegir, coincided with the opening of Vattenfall’s new office in Edinburgh.

Aegir, explained Pelamis in a statement, has been set up to explore wave power development opportunities in Scottish waters and plans to deploy Pelamis Wave Power’s second generation ‘P-2’ wave energy convertor on the developed site.

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Oregon and OPT look to develop wave power
Friday, 11 December 2009 03:13

An agreement, signed by Ocean Power Technologies and the State of Oregon this week (8th December), has laid the groundwork for the potential development of wave power facilities in Oregon. The principles established in the agreement will be first applied to the development of OPT’s Coos Bay Project in Oregon. Under a Preliminary Permit, which OPT has received from the Federal Energy Regulatory Commission (FERC) the Company is studying the feasibility of building an OPT Wave Power Station near Coos Bay, in phases up to 100 MW. The project is in the initial stages of public and agency review.

Last Updated on Friday, 11 December 2009 17:56
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Alternative Energy sector lags on equity compensation practices
Thursday, 10 December 2009 18:25

The alternative energy industry's equity compensation practices are behind those of historically high-growth technology and life sciences industries, according to a new analysis by Radford. Although investors believe that parallels can be drawn between the alternative energy industry to the early-stage Internet companies in the 1990s, equity granting practices of alternative energy companies lag measurably behind those firms in historical analysis. While Internet companies widely utilized stock options to motivate employees, the same cannot be said of alternative energy companies, despite their similarities in growth potential and the human capital of knowledge workers required to realize that growth.

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Government & Regulatory

UK government releases £22m fund for marine energy

The UK government opened the Marine Renewables Proving Fund for business today (22nd September) making £22 million available for wave and tidal developers. The Fund, ...

Tuesday, 22 September 2009

US government pushes $14.6m to develop water power

The US government yesterday (15th September) unveiled $14.6 million in funding for the development of water power throughout the country. The funding, announced by Department ...

Wednesday, 16 September 2009

Maine and the FERC sign MoU on hydrokinetics

A Memorandum of Understanding to coordinate procedures and schedules for review of tidal energy projects off the coast of Maine was signed by the State ...

Friday, 21 August 2009

Guardian misrepresents Environment Agency on Severn

The Guardian, a national UK newspaper, today (21st July) carried a letter from Chris Smith, Chair of the UK Environment Agency, saying that it had ...

Tuesday, 21 July 2009

UK government to invest £60m in wave and tidal energy

An investment of up to £60 million in wave and tidal energy was announced by the UK government today (15th July) as part of its ...

Wednesday, 15 July 2009

More in: Government & Regulatory

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Tidal Projects

MCT raises £3.5m for commercial tidal farm

Marine Current Turbines (MCT) has raised £3.5m, it was announced today (21st December) to help fund its plans to deploy the UK's first commercial tidal ...

Monday, 21 December 2009

Indian state of Gujarat explores tidal energy potential

An economic and technical feasibility study of sites in the Gulfs of Kutch and Khambhat to examine their suitability for expliotation for tidal energy development ...

Friday, 4 December 2009

Atlantis commits to commercial deployment at EMEC

The Atlantis Resources Corporation has signed up for a commercial scale deployment of its AK-1000™ tidal turbine at the European Marine Energy Centre (EMEC) in ...

Thursday, 3 December 2009

Pulse Tidal awarded €8m EU grant for tidal energy system

News image

An €8 million grant, from the EU's technology research and development fund, will allow the Sheffield based company, Pulse Tidal, to begin work immediately on ...

Wednesday, 2 December 2009

ORPC announces Cobscook Bay tidal project

An Energy Tide 2 (ET2) turbine generator unit (TGU) will be launched in Cobscook Bay, Maine early next year to demonstrate the performance of the ...

Friday, 27 November 2009

More in: Tidal Projects

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Wave Projects

Shetland’s first wave power project launched

A joint-venture to develop the first wave power project off the Shetland Islands has been launched by Pelamis Wave Power and Vattenfal it was announced ...

Friday, 18 December 2009

Oregon Iron Works to build PowerBuoy for Reedsport

The contract to build first commercial wave energy PowerBuoy® system in North America has been awarded to Oregon Iron Works it was revealed today (4th ...

Friday, 4 December 2009

Oz government supports wave power project with A$66.5m grant

A grant of A$66.46 million (approx $61m), to build a 19 MW wave power project off the coast of Victoria, has been awarded by the ...

Monday, 9 November 2009

Elecnor dips toe in wave energy market

Spanish energy company Elecnor SA signed a Memorandum of Understanding (MOU) with the Australian ocean energy company, BioPower Systems, last week (29th October) to explore ...

Tuesday, 3 November 2009

City of San Francisco looks at wave energy

A collaborative agreement between the City of San Francisco and Australian BioPower Systems to investigate the generation of wave energy from the Pacific Ocean was ...

Thursday, 22 October 2009

More in: Wave Projects

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