US-based marine energy company Ocean Power Technologies (OPT) has increased its net loss for the fiscal year 2023, compared to the same period a year earlier, recording also a 55% rise in revenues for the period.
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US-based wave energy developer Oscilla Power has started with the construction of 1:6 scale version of its 1MW Triton wave energy converter.
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The US Department of Energy (DOE) has invested nearly $10 million in seven innovative projects that will accelerate development and testing of marine energy technologies.
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The power sales from the MeyGen tidal energy project have reached €4.5 million in 2022, according to the developer of the project SIMEC Atlantis Energy, which also unveiled plans for potential combination of the tidal power scheme with its battery ener…
The US Department of Commerce and National Oceanic and Atmospheric Administration (NOAA) have launched the Ocean-Based Climate Resilience Accelerators program, designed to support blue economy startups and concepts.
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