Ocean Power Technologies News

 

California Offshore Wind Sale Ends First Day with $400M in High Bids

Dec 07, 2022

The United States' first sale of offshore wind development rights off the coast of California attracted more than $400 million in bids on Tuesday from companies seeking a foothold in the domestic industry's expansion to the Pacific Ocean.The auction, which will continue on Wednesday morning, is a major milestone in the Biden administration's push to put wind turbines along every U.S. coastline to help decarbonize the electricity sector and fight climate change…

OPT Deploys Its Next-gen Wave Energy Converter Buoy

Apr 13, 2023

U.S.-based Ocean Power Technologies (OPT) announced the first ocean test of its next-generation increased power wave energy converter buoy, the Mass-On-Spring-Wave-Energy-Converter (MOSWEC) prototype. OPT has reported the operational sized buoy…

Norway: Project Launched to Develop Offshore Charging Solutions for Offshore Wind Vessels

Feb 17, 2023

A project aimed developing a solution to charge offshore vessels' batteries in the offshore wind farms was officially launched at a kick-off ceremony in Ålesund, Norway on Thursday.The project, called the Ocean Charger will be lead by Vard, with its sister companies Seaonics and Vard Electro…

U.S. Starts First California Coast Offshore Wind Lease Sale

Dec 06, 2022

The United States on Tuesday is set to kick off the first sale of offshore wind development rights for waters off the coast of California, expanding the nascent domestic industry to the Pacific Ocean.The auction is a major milestone in the Biden…

Google to Buy Electricity From Scottish Offshore Wind Farm

Nov 24, 2022

French energy company ENGIE  and technology giant Google said they had agreed to undertake a 12-year 100 MW corporate power purchase agreement to support Scotland's Moray West offshore wind development project. As part of this deal, ENGIE will…

Mainstream, Ocean Winds Sign Seabed Lease for 1.8 GW Floating Wind Farm Off Shetland

Nov 02, 2022

Mainstream Renewable Power and Ocean Winds said Wednesday they had signed a seabed lease agreement with Crown Estate Scotland to the value of £36million for the development of a 1.8 GW floating offshore wind farm off Shetland.The companies were…

US DoE Funds Marine Energy Projects

Jul 29, 2022

The U.S. Department of Energy (DOE) recently announced $12 million for 12 hydropower and marine energy projects as part of the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) program.These small business-led projects…

Bombora Making Progress with 'World’s Most Powerful' Wave Energy Converter

Jul 19, 2022

Bombora Wave Power said this week it was entering the final test and assembly phase of the 1.5MW Pembrokeshire Demonstration Project, as it prepares to validate what it says is the world’s most powerful Wave Energy Converter.'Rigorous testing…

CorPower Ocean Debuts "Commercial Scale" Wave Energy

Jun 15, 2022

CorPower Ocean unveiled the CorPower C4, its first commercial scale Wave Energy Converter (WEC) and CorPack clusters, which the company contends will provide the building blocks for utility scale wave farms.Ultimately, the new CorPower C4 device will form part of a four-system wave array…

Ocean Harvesting's Wave Energy Converter to Feature Buoy Made of High-strength Concrete

May 06, 2022

Sweden-based wave energy technology company Ocean Harvesting said Friday it was developing a novel concrete hull for the prime mover (buoy) of its InfinityWEC wave energy converter that is set to undergo sea trials later this year.According to the company…

Putting Power on the Seafloor is a Fuel Cell Future

Mar 01, 2022

Two outfits, one in Germany and one in the US, are chasing a goal of supplying long-term subsea power in remote locations, via fuel cells, to users including oceanographic observatories to underwater vehicles. Elaine Maslin takes a look.Long…

Wave Energy Device for Subsea Oilfield Assets Arrives in Orkney for EMEC Demo

Jan 28, 2022

AWS Ocean Energy's wave energy converter, designed for remote power applications such as powering subsea oilfield assets, has arrived in Orkney ahead of its imminent deployment at the European Marine Energy Centre (EMEC). The 16 kW Archimedes Waveswing arrived at Hatston Pier…

FID Reached for Floating Wind Project in France

Jan 27, 2022

Offshore wind energy developer Ocean Winds and the “Banque des territoires” as shareholders of the Eoliennes flottantes du golfe du Lion (EFGL) project, have reached the Final Investment Decision, committing to the construction of a floating wind project in France…

Eco Wave Power to Ring Nasdaq Bell

Jan 19, 2022

Wave energy technology firm Eco Wave Power said Wednesday it would hold its official bell ringing ceremony on Nasdaq Stock Market on Thursday morning, at 9:15 a.m.  ET to celebrate becoming a public company on the Nasdaq U.S.  Eco Wave Power began its trading on the Nasdaq on July 1…

Wave Energy Firms Eco Wave Power, Ocean Power Technologies Team Up

Jan 13, 2022

Wave energy technology companies Eco Wave Power and Ocean Power Technologies, Inc.  (“OPT”),  said Thursday they were working to utilize their complementary technologies and skills to accelerate wave energy projects, under an agreement previously signed…

Logistics News

Corpus Christi Crude Oil Exports Up 6.9% in Q1

Corpus Christi Crude Oil Exports Up 6.9% in Q1

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Simulators Track our Changing Relationship with Technology

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Port Houston Surpasses One Million TEU Mark in First Quarter

Cavotec Bags $5 Million Shore Power Order

Cavotec Bags $5 Million Shore Power Order

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