Renewables for Subsea Power (RSP) in Orkney aims to use wave power to decarbonise oil and gas projects.
Pre-existing shareholder have awarded cash to Mocean Energy as new investors join in awarding a £500,000 grant.
Developers of a prototype wave energy device off Orkney say it has weathered Storm Babet and continued to deliver power despite the harsh conditions.
The UK’s largest producer of oil and gas, Harbour Energy, has partnered with Mocean Energy to harness wave energy to power offshore installations.
“Innovation funding is crucial for early-stage technologies, and I am grateful to EuropeWave for this support which will help leverage the additional private investment this project will require,” he continued.
A pioneering project pairing wave energy with battery storage to power subsea equipment off Orkney is to be extended into next year, after a successful four-month trial.
Thailand’s state energy company has invested in a Scottish project aiming to prove the viability of powering subsea assets with wave energy.
A Scottish wave and energy storage solution – that can be used to power subsea assets – was put on show for the oil and gas industry last week.
The past 12 months have seen wave technology firm Mocean Energy go from strength to strength, as a major demonstrator project off Orkney paves the way for commercial deployments.
TEXO Engineering and Fabrication has been chosen as preferred fabrication contractor for Mocean Energy’s range of wave energy generators.
Scottish technology developers are working together on an ambitious project linking wave power and energy storage to power vital subsea equipment.
An initiative aiming to demonstrate the ability of green energy to power subsea oil and gas infrastructure is taking shape in the north of Scotland.
Wave power firm Mocean Energy has strengthened its board ahead of plans to commercialise its Blue Star wave machine and raise further investment.
Scottish wave power firm Mocean Energy has secured major new investment to accelerate the commercial rollout of its flagship technology.
A leading expert in wave energy has joined the industry panel of the Net Zero Technology Centre (NZTC).
Scottish firm Mocean Energy’s wave energy machine has returned to dock after a successful five-month test period at sea.
Wave energy firm Mocean Energy has opened a new Aberdeen office to meet growing interest from oil and gas producers keen to decarbonise North Sea assets.
Integrating renewables with oil and gas operations will be fundamental to cutting emissions and maintaining the North Sea’s social licence to continue producing hydrocarbons.
Scottish firm Mocean Energy is preparing to send its Blue X wave energy prototype to Orkney for sea trials next month.
Scottish start-up Mocean Energy has raised £850,000 for a new technology to bring wave power to subsea oil and gas.