A new report published has called on industry and government to work together to develop opportunities for the use of marine renewables in the oil and gas sector.
Equinor and Orsted will lead a new group formed to tackle climate change by accelerating the deployment of offshore renewable energy technology.
More than 90 members of Parliament have signed a letter asking UK energy minister Claire Perry to back measures of support fo the UK marine energy sector.
The European Marine Energy Centre (EMEC) based in the Orkney Islands has been named among the top 200 most influential world projects.
Engineering consultancy Xodus Group has formed a partnership with Orkney based Green Marine to launch a new combined service for the maintenance of offshore renewable assets.
Two Scottish firms have secured £2.5million to trial prototype technology which could provide a cost-effective, reliable way of turning wave power into electricity.
COSL Drilling said an investigation launched by the Norwegian Petroleum Safety Authority will aim to answer whether the death of an offshore worker could have been prevented. Rune Morten Narvag was killed when a massive wave hit the COSL Innovator in the Norwegian North Sea. The rig was on contract to Statoil in the Troll field west of Bergen when the accident happened.
Eco Wave Power, an Israeli maker of ocean energy systems, raised initial funding for a $150 million pipeline of planned projects to use waves to generate electricity. The technology maker secured $2 million from Pirveli Ventures, with a representative of Pirveli joining its board of directors, Eco Wave said Monday. It will use the funds to start to develop 111 megawatts of marine-energy projects planned in countries including the UK, China, Mexico and Chile, co- founder Inna Braverman said.
Green-energy technology development body Wave Energy Scotland (WES) has struck a deal allowing it to tap into expertise at Aquamarine Power, the firm behind the Oyster wave-power machine. The three-month tie-up is known as Project Know-How and allows WES, which was established as part of Highlands and Islands Enterprise late last year at the request of the Scottish Government, to benefit from knowledge gained through the development of Oyster technology.
The European's Commission's research and innovation programme Horizon 2020 has granted €17million in funding for the Clean Energy From Ocean Waves (CEFOW). The five-year project is to research and develop the use of the Penguin wave energy converter, which was developed by the Finnish company Wello, in electricity grid conditions. The multi-device test project will be carried out at Wave Hub in Cornwall.
Money and lots of it . . . public and private . . . is needed to initiate a credible wave and tidal energy power generation sector in the UK, which a new report claims could be worth up to £76billion to the economy. However, the idea that the oil and gas supply chain can kick-start the market “is not easily realised” because it is “too expensive”, according to a new report by the Glasgow-based ORE Catapult initiative. It claims that this is because the oil and gas supply chain designs and makes equipment to “operate at extreme depths, in benign tidal flows, and low oxygenated waters”.
Wave power company Pelamis has made its remaining staff redundant after no final offers were made for the business. Highlands and Islands Enterprise has been selected as the preferred bidder to take over the company’s assets. Administrators were called in last month after Pelamis failed to secure enough funding to develop its technology.