Top news, October 19 – 25, 2015

Tidal Energy Today has compiled the top news from tidal and wave energy industry from October 19 – 25, 2015.

Ocean Energy Buoy

Irish marine energy firms get €3.5M from the government

The companies that received the funding from the Sustainable Energy Authority of Ireland (SEAI) are Ocean Energy, SeaPower and GKinetic. Ocean Energy has secured €2.3 million to design and build a full-scale version of their Ocean Energy Buoy, SeaPower will receive over €1 million to test their wave energy converter at quarter scale in Galway Bay, while GKinetic Energy will receive €200,000 to conduct towing tests of their tidal turbine system in Limerick Docks.

Triton platform with SIT turbines

Canadian tidal project bags multi-million funding

Black Rock Tidal Power (BRTP) has raised C$15 million for the realization of 2.5 MW Triton tidal energy project in Canada. The company has also secured a commercial loan of C$4.5, in addition to the private equity cash of C$10.5 million, bringing the total acquired funding for the project to C$15 million ($11.5 million). Triton is planned for installation in autumn 2016 at the BRTP berth located at the Fundy Ocean Research Centre for Energy (FORCE) in Canada.


Marine-Power-Systems-gets-£2M-for-WaveSub-TN
Marine Power Systems gets £2M for WaveSub

Swansea-based wave energy developer, Marine Power Systems (MPS), has received a grant from the EU. The £2 million EU grant will enable the development and testing of MPS’ 1:4 scaled WaveSub, paving the way for a full-scale device planned for deployment off the Pembrokeshire coast. The £3 million project also includes the funding from MPS in the amount of £900,000.

Sabella-to-power-Philippines-2-TNSabella to power Philippines

French tidal energy developer Sabella has partnered up with H&WB Asia Pacific to develop tidal power plant in the Philippines. The two companies have signed a memorandum of understanding (MoU) on October 15, 2015, for the development of a 5 MW tidal power plant in San Bernardino Strait, off Sorsogon province.

Wello-starts-Penguin-II-testingWello starts Penguin II testing

Finnish wave energy developer Wello has begun the testing of its Penguin II wave energy converter off Canary Islands, Spain. The testing of the 1:5 scaled device is expected to last for three months, and it is taking place at the Oceanic Platform of the Canary Islands (PLOCAN) test site.

 

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