AW-Energy, a Finnish firm developing a wave energy technology brand named WaveRoller, has signed a US $4.4 million contract with the European Union to demonstrate its technology. Ocean energy technology represents the largest untapped business potential within the renewables sector.
The Carbon Trust is to provide financial support for two marine energy devices through its Marine Energy Accelerator scheme.
Ansys Inc., a developer of simulation software, announced that its software could help transform the forces of waves into electricity. Green Ocean Energy Ltd. is using technology from Ansys to develop devices that will reliably generate renewable power from the motion of the seas.
A Marine Energy Road Map which was published this week by the Scottish Government’s Marine Energy Group (MEG). The road map suggests that the marine energy industry could provide up to 12,500 jobs contributing £2.5 billion [US $4 billion] to the Scottish economy by 2020.
Tennessee Valley Authority, the largest utility company in the United States, has recently accorded to buy up to 2,000 megawatts of electrical energy from renewable energy reservoirs by 2011. Some of the power is anticipated to enter into TVA’s distribution system as early as 2010. TVA did not give away info on which companies will [...]
A Seattle-based company is hoping to convert the motion of the ocean into electricity. Grays Harbor Ocean Energy Company has called for the Federal Energy Regulatory Commission for permits to harness energy from waves off the coastline of six states.
In all, the company would build seven harnessing sites – in federal waters off California, Hawaii, [...]
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