Top news, June 13 – 19, 2016

Business & Finance

Tidal Energy Today has compiled the top news from tidal and wave energy industry from June 13 – 19, 2016.

TN-minesto-scores-eur-1-million-from-kic-innoenergyMinesto scores €1 million from KIC InnoEnergy

KIC InnoEnergy, is expanding its involvement in Minesto by providing the additional funding of €1 million, for which the company will receive warrants in Minesto as the funds are invested. Last year, KIC InnoEnergy made their largest investment in marine energy of €3.5 million to support the development of Minesto’s Deep Green technology.

TN-global-maritime-to-provide-moorings-for-opera-projectGlobal Maritime to provide moorings for OPERA project

As part of the Open Sea Operating Experience to Reduce Wave Energy Cost (OPERA) project, Global Maritime will be responsible for providing mooring and risk management support to the 42 meter-tall oscillating water column wave energy converter (WEC) developed by Oceantec Energias Marinas.

Illustration (Image: Tidal Lagoon Power)

Liberty House saving UK steel industry with tidal, wind energy

Liberty House Group has acquired Mabey Bridge Renewables, and will use its equipment at a new manufacturing centre to supply steel parts to the UK’s tidal lagoon power and offshore wind markets. The manufacturing centre will be supported by two Scottish steel plants, Dalzell and Clydebridge, which the company acquired from Tata Steel in April 2016.

EMEC Integrated Monitoring Pod (Photo: EMEC/Colin Keldie)

UK and US test centres strengthen marine energy ties

Orkney-based European Marine Energy Centre (EMEC) has signed a memorandum of understanding with the Oregon-based Northwest National Marine Renewable Energy Center (NNMREC) to encourage cooperation through joint research activities, sharing experiences, and information exchange relevant to the global development of marine renewables.

NEMOS 1:5 scaled device (Photo: NEMOS)

NEMOS powers ahead with wave energy system

German-based wave energy developer NEMOS has manufactured the full-scale power-take off (PTO) unit for its wave energy system. The engineers at NEMOS plan to conduct several tests of the PTO before the deployment of the device in the North Sea next year.

Tidal Energy Today