Wave Energy News

 

Wave Energy Developer Plots Strong Growth Plan in '22, IPO in '23

Feb 08, 2022

South Korean wave energy developer INGINE revealed ambitious growth plans for 2022,its10th anniversary.Today the company is approaching a landmark fifth year of wave energy operation in North East Asia, via the Jeju Bukchon Wave Power Plant built in 2015. Additional international projects will see expansion across four continents throughout 2022 and beyond.This includes a Vietnamese and Korean initiative in Quang Ngai province - through a five-party MoU involving Quang Ngai People’s Committee…

CorPower Ocean Debuts "Commercial Scale" Wave Energy

Jun 15, 2022

CorPower Ocean unveiled the CorPower C4, its first commercial scale Wave Energy Converter (WEC) and CorPack clusters, which the company contends will provide the building blocks for utility scale wave farms.Ultimately, the new CorPower C4 device will form part of a four-system wave array…

Ocean Harvesting's Wave Energy Converter to Feature Buoy Made of High-strength Concrete

May 06, 2022

Sweden-based wave energy technology company Ocean Harvesting said Friday it was developing a novel concrete hull for the prime mover (buoy) of its InfinityWEC wave energy converter that is set to undergo sea trials later this year.According to the company…

Eco Wave Power to Install Wave Energy Power Plant in Spanish Port

May 05, 2022

Wave energy technology firm Eco Wave Power has entered an official agreement with Port Adriano, Spain, for the potential construction of a wave energy power plant of up to 2MW. According to the terms of the agreement, Port Adriano will assign…

CGG Joins Selkie Project to Boost Marine Energy Industry in Wales and Ireland

Mar 21, 2022

French offshore seismic services firm CGG has partnered with the Selkie Project, a new €5.2m cross-border initiative aiming to boost the marine energy industry in Wales and Ireland.'Selkie is bringing together leading researchers and businesses…

Waterotor Unveils 20MW 'Big Cajun' System Aimed at Decarbonizing Offshore Oil Operations

Mar 02, 2022

Hydrokinetic energy company Waterotor International Corp. on Tuesday unveiled its 20MW hybrid ocean energy-generating system aimed at decarbonizing offshore oil and gas operations.The megarotor system design called “The Big Cajun” was unveiled…

Wave Energy Device for Subsea Oilfield Assets Arrives in Orkney for EMEC Demo

Jan 28, 2022

AWS Ocean Energy's wave energy converter, designed for remote power applications such as powering subsea oilfield assets, has arrived in Orkney ahead of its imminent deployment at the European Marine Energy Centre (EMEC). The 16 kW Archimedes Waveswing arrived at Hatston Pier…

Eco Wave Power to Ring Nasdaq Bell

Jan 19, 2022

Wave energy technology firm Eco Wave Power said Wednesday it would hold its official bell ringing ceremony on Nasdaq Stock Market on Thursday morning, at 9:15 a.m.  ET to celebrate becoming a public company on the Nasdaq U.S.  Eco Wave Power began its trading on the Nasdaq on July 1…

Wave Energy Firms Eco Wave Power, Ocean Power Technologies Team Up

Jan 13, 2022

Wave energy technology companies Eco Wave Power and Ocean Power Technologies, Inc.  (“OPT”),  said Thursday they were working to utilize their complementary technologies and skills to accelerate wave energy projects, under an agreement previously signed…

Ocean Power Technologies Names New CFO

Dec 13, 2021

Ocean Power Technologies has appointed Robert P. (Bob) Powers as Senior Vice President and Chief  Financial Officer, effective December 13, 2021.Powers brings more than 25 years of experience in finance and strategy to OPT, most recently as CFO of Constellation Advisors…

Carnegie Wins European Wave Energy Deal

Dec 08, 2021

Australian wave energy tech firm Carnegie Clean Energy has been selected to receive a contract under the EuropeWave Pre-Commercial Procurement (PCP) program via its subsidiary CETO Wave Energy Ireland Limited.EuropeWave PCP is a competitive…

Sea Trials Complete: Mocean Energy's Blue X Wave Energy Machine Returns to Shore

Nov 17, 2021

UK-based wave energy technology company Mocean Energy said Wednesday its Blue X wave energy machine had returned to dock after a successful five-month test period at sea.'In the last few days the 20-meter long, 38-tonne wave machine has been…

Carnegie Launches Wave Energy Device to Power Moored Vessels

Oct 20, 2021

ASX-listed wave energy technology company Carnegie Clean Energy has launched a CETO-derived wave energy product designed for moored vessels, which 'offers a solution to the challenge of securing clean and reliable energy for offshore activities…

Wave Energy Firm Opens Aberdeen Office to Meet Demand from Oil & Gas Industry

Oct 19, 2021

Wave energy firm Mocean Energy said Tuesday it has opened a new dedicated office in Aberdeen to meet rising oil and gas industry interest in the decarbonization of North Sea assets.The Edinburgh-based firm is working to develop a wave energy…

Shipping Giant MOL Looking to Develop Wave Energy Project in Mauritius

Oct 08, 2021

Japanese shipping giant Mitsui O.S.K. Lines, Ltd. (MOL) said Friday that its proposed wave power project in Mauritius was selected for Japan's Ministry of Economy, Trade, and Industry (METI) subsidy programs.MOL said it had conducted natural…

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