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UK government releases £22m fund for marine energy
Tuesday, 22 September 2009 18:10

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, announced in July as part of the Government’s Renewable Energy Strategy, will be designed and delivered by the Carbon Trust and will provide finance for the demonstration of wave and tidal technologies.

Commenting on the move, UK Energy and Climate Change Minister, Lord Hunt said: “The scope for wave and tidal energy around the UK’s shores is massive and we’re working closely with developers in the UK to bring on the necessary technologies.

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Scientists looking to expand ocean monitoring system
Friday, 18 September 2009 13:52

Scientists are meeting in Venice next week, at OceanObs ‘09, to see how they can expand the global observing system that monitors the world's oceans and, perhaps most importantly, secure it for the long term. The system, devloped over the past decade, uses a combination of satellite observations with data from in-water recording devices such as buoys, tide gauges and an array of more than 3000 Argo robots to monitor the world's oceans.

The benefits that an operational ocean observing system will bring, are, say the organizers of OceanObs ‘09,  clear: the system is already providing data for the International Panel on Climate Change assessments, and it will also provide better data for maritime security, oil spill prevention, management of marine resources, marine meteorology, seasonal and long term weather forecasting, coastal activities, and monitoring of water quality.

However, making sure the existing ocean observation system, both satellite and in situ data, is sustainable in the long-term is one of the key aims of Oceanobs’09, where the ocean observing community will take stock of progress to date and map out the priorities for the next decade - a task that is unlikely to be easy in the current financial climate.

OceanObs ‘09 is organized by UNESCO’s Intergovernmental Oceanographic Commission and the European Space Agency (ESA).

 
US government pushes $14.6m to develop water power
Wednesday, 16 September 2009 10:46

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 of Energy Secretary Steven Chu, will go towards 22 advanced water power projects and will be specifically used to advance the commercial viability, market acceptance, and environmental performance for new marine and hydrokinetic technologies as well as conventional hydropower plants.

“Hydropower provides our nation with emissions-free, sustainable energy.  By improving hydropower technology, we can maximize what is already our biggest source of renewable energy in an environmentally responsible way.  These projects will provide critical support for the development of innovative renewable water power technologies and help ensure a vibrant hydropower industry for years to come,” said Secretary Chu.

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Carbon Trust backs commercial marine energy
Monday, 14 September 2009 16:54

To accelerate the commercial development of wave and tidal energy in the UK the Carbon Trust has said it will support two marine energy devices. In an announcement made last week (11th September), the agency said that it would support projects through the Marine Energy Accelerator with Pelamis Wave Power and Marine Current Turbines which will focus on installation and maintenance which currently account for up to 50% of the project costs of wave and tidal energy and could delay more widespread deployment if not reduced.

Last Updated on Monday, 14 September 2009 16:59
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Page 9 of 43

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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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

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Wave & Tidal Stock

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o Ocean Power Tech 5.00 ▲0.05 (1.01%)
o Carnegie Wave Energy A$0.09 0.000 (0.00%)
NASDAQ:OPTT

Ocean Power Tech

Company ID [NASDAQ:OPTT] Last trade:5.00 Trade time:4:00PM EDT Value change:▲0.05 (1.01%)
ASX:CWE

Carnegie Wave Energy

Company ID [ASX:CWE] Last trade:A$0.09 Trade time:3:52PM AEST Value change:0.000 (0.00%)