Top news, June 26 – July 2, 2017

Tidal Energy Today has compiled the top news from tidal and wave energy industry from June 26 until July 2, 2017.

Atlantis issues ocean bonds

Edinburgh-based tidal energy developer Atlantis Resources has formally launched its bond offer through the Abundance Investment platform. Within 24 hours of the formal launch of a five-year bond, it had broken Abundance’s £1 million subscription record for the opening day as demand soared. The bond offer seeks to raise a minimum of £2 million and a maximum of £5 million, and is expected to close on or before August 16, 2017, with the possibility of extension.

EEL Energy to trial biomimicry-inspired tidal device off Brest

Following the encouraging results of its scaled tidal energy converter testing, EEL Energy has informed it will deploy the device off Brittany to validate its performance in real sea conditions. The company signed an agreement with the local marine service provider Iroise Mer to tow its prototype to the Brest harbor in the coming months.

FORESEA launches third call for ocean energy developers

The €11 million FORESEA program has opened its third call to support the commercialization of offshore renewable energy technologies. The call, opened on June 27, runs until September 27, 2017, and is meant for technologies ready to deploy and complete testing before 2019.

EVE opens €1.2M marine renewables demo call

Basque energy agency Ente Vasco de la Energía (EVE) has launched a call for grants for the demonstration and validation of emerging marine renewable energy technologies. The call, launched on June 26, 2017, has a total budget of €6.5 million for the 2017 annual program, out of which €1.2 million has been set aside for testing of marine renewables.

Atmocean to deploy wave system off Canada

Atmocean plans to install its wave energy system off Newfoundland in Canada for a third round of ocean testing. The system, set for testing in September this year, will send pressurized seawater into a pilot land-based salmon and mollusk farm run by the College of the North Atlantic.

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