wave energy
Wave energy developer Aquamarine Power announced today that it’s successfully closed its first round of fundraising with £10 million from investors in the UK and Ireland. “Raising substantial funds in these exceptionally difficult market conditions is an incredible achievement for Aquamarine,” said CEO Martin McAdam. “It proves that there
wave energy
The UK-based company Orecon has signed an agreement with a Portuguese shipyard for the construction of its first three wave-to-energy devices. The announcement of the deal with the shipyard Estaleiros Navais Do Mondego comes on the heels of Oregon’s recent agreement with Portuguese developer Eneolica to develop a 4.
wave energy
Aquamarine Power has won the “Innovator Award 2009” for its Oyster® wave energy converter at this year’s British Renewable Energy Awards. Aquamarine competed against seven other shortlisted nominees to win the award, which recognises excellence in innovative features of concept and design; achievement in meeting original objectives and continued
wave energy
Orecon, the Cornish wave energy device firm, is establishing a joint venture company with Portuguese developer Eneólica. The partnership aims to build and deploy Orecon’s first full-scale 1.5-megawatt Multi Resonant Chambers (MRC) wave energy buoy. The installation will be connected to the Portuguese electricity grid and deliver power
wave energy
Cornwall-based Orecon has signed a memorandum of understanding with Dresser-Rand Company, which has offices in Peterborough and the US, to to optimise the chamber and turbine design for a multi-resonant chamber (MRC) wave energy conversion device. Orecon’s MRC device combines oscillating water column (OWC) technology with Dresser-Rand’s HydroAir™
wave energy
Ediburgh-based Aquamarine Power says it’s successfully tested its Oyster® wave energy converter, which has for the first time produced and exported electricity to the grid at the New and Renewable Energy Centre (NaREC) near Newcastle. The company says that, by producing electricity onshore on a full scale test rig,
wave energy
Following a strategic review of its business, Scotland-based Aquamarine Power has decided to abandon development of its tidal stream device, Neptune, to focus on commercialisation of its Oyster® Wave Energy Converter. The company plans to keep the Neptune technology in its product pipeline, and will continue developing tidal sites on
wave energy
Australia’s Carnegie Corporation expects to soon select a site off the nation’s southwest coast for its next installation of CETO, a system that converts ocean wave energy into clean electricity while also producing zero-emissions desalinated water. The innovative system relies on a series of buoys harnessed to pumps
solar energy
Need an update on recent developments in the cleantech sector? Following are some stories you might have missed: * Lockheed Martin is teaming with Ocean Power Technologies (OPT) to develop a “utility-scale wave power generation project” to be located off the coast of either Oregon or California. The aerospace manufacturer/defense
hydrokinetic energy
Forget massive and costly hydroelectric dams: the future of water-based energy could lie, literally, below the surface in the form of hydrokinetic turbines. Basically underwater turbines that generate energy via waves, tides and currents instead of wind, these hydrokinetic devices are enjoying their first commercial test run in the US,
Renewable Energy Holdings
AIM-listed Renewable Energy Holdings (REH) has completed the installation of, and is now operating, three underwater pumps at the Western Australia test site of its CETO II wave power system off the coast of Freemantle, Perth. CETO is REH’s proprietary wave energy technology that converts the energy of the
investment
Wave energy, long harnessed by bleached blonde surfer dudes, is now being harnessed by the money men. Wave energy device developer ORECon has secured $24m of funding from an assortment of VC funds, led by Advent Venture Partners. ORECon has patented a wave energy device and it works like this:
