A joint venture, to develop a commercial scale wave energy project, between Swedish electricity utility Vattenfall and Irish hydrokinetic devloper, Tonn Energy, was unveilled today by the Irish Energy Minister Eamon Ryan TD. In announcing the project the minister confirmed that the Irish government would be supporting it, with grant aid,  through its Investment and Development Agency.

A commercial engineering services agreement, to develop wave energy systems for use in future utility-scale power generation projects, has been signed by Ocean Power Technologies and Lockheed Martin it was announced yesterday (13th October). Under the agreement, Lockheed Martin will provide its expertise in systems integration, lean manufacturing, and test and optimization analysis to enhance OPT's PowerBuoy® wave power generation technology to utility-scale.