Renewable Energy: AWS Waveswing Put to the Test
Inverness-based AWS Ocean Energy announced encouraging results from the current phase of sea trials of its wave energy device at the European Marine Energy Center (EMEC) in Orkney. In a key highlight of the scientific testing programme to date at EMEC’s Scapa Flow test site, the Waveswing wave energy converter captured average power over 10kW and peaks of 80kW, during a period of moderate wave conditions. These figures exceeded the developer’s own predictions by 20%.Other key findings…
CorPower Ocean Debuts "Commercial Scale" Wave Energy
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, off the coast of Aguçadoura, Portugal, creating a grid-connected wave farms.“This has been a decade-long development, with significant strides in the last few years to industrialise and optimize our wave energy technology," said Patrik Möller, Co-founder & CEO.
Wave Energy Developer Plots Strong Growth Plan in '22, IPO in '23
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…
BLUE X: Mocean Energy unveils Wave Energy Prototype
Mocean Energy unveiled its Blue X wave energy prototype which will take to the seas in Orkney next month.The 20-m long, 38-ton wave machine has been fabricated wholly in Scotland and will be deployed at the European Marine Energy Center’s Scapa Flow test site for sea trials initially, and then later deployed at EMEC’s large scale Billia Croo test site this summer.Next year Mocean Energy plan to connect the device to a subsea battery which will be used to power a remotely operated autonomous…
CorPower Extends Equity Funding for Commercial Scale Demo
After securing a private placement of 9 million Euros, CorPower has extended its equity funding to 20.3 million Euros, for the commercial scale demonstration of its wave energy technology. The investment round was led by Midroc New Technology and included SEB Greentech VC, family offices and private investors. Pareto Securities acted as Sole Manager and Bookrunner in the transaction.The 9 million Euro investment combined with previous tranches of 9 million Euros in July 2020 and 2.3 million…
Renewable Energy: Wave Power Projects Takes a Big Step
Eco Wave Power has secured the engineering coordination permit from the Municipality of Tel-Aviv Jaffa (permit number 2020-3249) needed for the cement works and installation of 10floaters for the EWP-EDF One wave energy project in the Port of Jaffa, Israel.This permit allows Eco Wave Power to proceed with the actual installation of the project in the seaside of the breakwater, which shall include cement works for the breakwater’s reinforcement and the installation of 10 floaters, on 30 linear meters of a pre-existing breakwater within the port, having an installed capacity of 100 KW.
Eco Wave Power Commences Grid Connection Works in Israel
While wave power is still in its infancy relative to offshore wind in the renewable power space, several companies are making step changes that are geared to lead this power source to utlity scale. One Swedish company making the move is Eco Wave Power, which pursuant to the engineering coordination permit from the Municipality of Tel-Aviv Jaffa for the deployment of the grid connection works of the EWP-EDF One wave energy project, has commenced the grid connection works in the Port of Jaffa, Israel.The grid connection works are performed in two parts, as they include different routes within the port.
CorPower Moves Foward with its Plan to Generate Energy from Waves
CorPower Ocean is set to move forward fast on its wave energy project in the Atlantic Ocean after securing a 10-year license in PortugalThe TUPEM license - awarded by the national Directorate-General for Natural Resources (DGRM) - provides a ‘Permit for the Private Use of the Maritime Space’ up to 12 miles off the coast of Aguçadoura in northern Portugal.CorPower Ocean Country Manager Miguel Silva said the permit unlocks the demonstration phase of the firm’s flagship HiWave-5 project…
$10.5m Funding for CorPower Wave Energy Tech
CorPower Ocean announced the award of $10.5m in new funding for it’s wave energy tech innovation, a funding round led by Midroc New Technology, with additional investment from ALMI Invest Greentech, EIT InnoEnergy and a group of private investors. CorPower Ocean’s Wave Energy Converters (WECs) are inspired by the pumping principles of the human heart. According to the company, advanced control technology allows large amounts of energy to be harvested using small, low-cost devices.Proceeds…
