wave energy to electricity News
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Israel`s Yam Pro Energy Signs a 180 Million USD MOU
Yam Pro Energy from Israel signed an MOU with Shapoorji Pallonji Group, the owners of the TATA Group, to build a wave energy power station in Ghana. To be completed in the upcoming three years at a scope of 150 MW generation ($180,000,000). The initial phase will be 10 MW and expanding thereafter. The partnership will be between Yam Pro, a local partner and SP with the responsibility to raise the ...
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National Wind Technology Center Begins First Validation of Wave Energy Conversion Device
The National Wind Technology Center (NWTC) at the Energy Department’s National Renewable Energy Laboratory (NREL) has begun validation work on the first water power technology ever tested in an NREL dynamometer facility. “Though designed to benefit the wind industry, the NWTC’s large dynamometer facility is being leveraged to help advance new ocean energy technology,” ...
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National Wind Technology Center begins first Validation of Wave Energy Conversion Device
The National Wind Technology Center (NWTC) at the Energy Department's National Renewable Energy Laboratory (NREL) has begun validation work on the first water power technology ever tested in an NREL dynamometer facility. Representatives from Columbia Power Technologies, NREL and project partners celebrate the start of generator testing for the Columbia Power wave energy generator. "Though ...
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Europe leading the way in marine energy - study
The sea could supply 20% of UK energy demand and about 10% of world consumption Wave energy sources are not only available in plenty, but are also consistent, predictable and have the highest energy density among all renewable energy sources. The best resource is found between 40-60 degrees of latitude where the available resource is 30 to 70 kW/m, with peaks of 100 kW/m. The potential worldwide ...
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Funding Supports Research into Wave Energy
The Province is providing $150,000 from the Innovative Clean Energy (ICE) Fund to the West Coast Wave Initiative (WCWI) at the University of Victoria to support research into the potential of ocean waves to generate clean, renewable and affordable electricity. “Our B.C. coast is not only one of the province’s most beautiful resources, its waves could also be a source of clean energy, ...
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Ocean Power Technologies to Present at the 24th Annual Roth Capital Conference in California on March 14, 2012
Ocean Power Technologies, Inc. (Nasdaq: OPTT) (“OPT” or “the Company”), a leading wave energy technology company, today announced that it will participate in the 24th Annual Roth Capital Conference on March 14, 2012 at the Ritz-Carlton in Laguna Niguel, CA. Brian M. Posner, Chief Financial Officer of OPT, is scheduled to give a presentation at ...
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IBM, Sustainable Energy Authority Ireland Focus on Renewable Energy
IBM (NYSE: IBM) and The Sustainable Energy Authority Ireland (SEAI) are working together to understand and minimize the environmental impact of converting wave energy into electricity. This project, the first to use real-time streaming analytics for monitoring underwater noise generated by wave energy conversion devices, represents a significant step toward the ability to successfully and ...
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Bombora completes tank testing of a floating hybrid energy platform
As part of the EuropeWave Programme, Bombora Wave Power (Bombora) has successfully completed tank testing of a floating foundation system suitable for the InSPIRE solution, where mWave technology is combined with a wind turbine onto a single floating offshore platform. An adapted version of the semi-submersible INSPIRE platform, developed in partnership with TechnipFMC, underwent tank testing ...
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Irish Minister welcomes Vattenfall Ocean Energy investment
Vattenfall has selected Ireland to develop commercial scale ocean wave energy electricity generation. Announcing the initiative, Ireland’s Minister for Communications, Energy and Natural Resources, Eamon Ryan, today called it an exciting and very timely initiative to develop a viable, clean and valuable new renewable energy source. A joint venture, Tonn Energy, has been formed between Vattenfall ...
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Ocean Power Technologies Announces Election of New Director
Ocean Power Technologies, Inc. (Nasdaq:OPTT) (“OPT” or “the Company”), a leading wave energy technology company, today announced that Terence J. Cryan was duly elected to the Company’s Board of Directors at the Company’s Annual Meeting of Stockholders held on October 4, 2012. In addition, Thomas J. Meaney retired from the Board of Directors effective with the ...
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IBM Reveals Five Innovations That Will Change Our Lives Within Five Years
Today IBM (NYSE: IBM) formally unveiled the sixth annual "IBM 5 in 5" (#ibm5in5) – a list of innovations that have the potential to change the way people work, live and interact during the next five years: People power will come to life You will never need a password again Mind reading is no longer science fiction The digital divide will cease to exist Junk mail will become ...
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Ocean Power Technologies awarded $1.0 Million by U.S. Department of Energy
Ocean Power Technologies, Inc. (Nasdaq:OPTT) ("OPT" or "the Company") today announced that it has won a $1.0 million funding award from the U.S. Department of Energy ("DOE") to enhance the commercial viability of its PowerBuoy(R) wave-energy systems through mechanical component design changes to maximize power-to-weight output ratios and reduce overall installed capital costs. Under the award ...
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Ocean Power Technologies and Lockheed Martin to Collaborate on Utility Scale PowerBuoy for Oregon Wave Power Project
Ocean Power Technologies, Inc. (Nasdaq: OPTT) ("OPT" or the "Company") is pleased to announce it will collaborate with Lockheed Martin (NYSE: LMT) in connection with OPT’s proposed commercial-scale wave power generation project at Reedsport, Oregon. Lockheed Martin will provide design, manufacturing, system integration and supply chain management expertise to enhance OPT’s ...
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Ocean Power Technologies and Lockheed Martin to Develop Wave-Energy Project in Australia
Ocean Power Technologies, Inc. (Nasdaq: OPTT), a leading wave energy technology company, and Lockheed Martin (NYSE: LMT) have entered into a teaming agreement with the goal of developing a 19 megawatt wave-energy project in Victoria, Australia. This is one of the largest wave-energy projects announced to date, and leverages a grant from the Commonwealth of Australia. For the project, Lockheed ...
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Ocean Power Technologies Completes Testing of Next Generation Power Take-Off
Ocean Power Technologies, Inc. (Nasdaq: OPTT) ("OPT" or the "Company"), a leading wave energy technology company, today announced the successful completion of extensive factory acceptance testing of the first of its next generation power take-off (“PTO”) units for the Company’s utility-scale PowerBuoy®, the PB150. The PTO has now been ...
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Ocean Power Technologies Deploys Autonomous PowerBuoy for US Navy Maritime Security Program
Ocean Power Technologies, Inc. (Nasdaq: OPTT) (“OPT” or “the Company”), a leading wave energy technology company, is pleased to announce the deployment for sea trials of a unique autonomous wave energy device, marking an important milestone in the expansion of the Company’s PowerBuoy product line. LEAP Autonomous PowerBuoy Deployed off ...
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Energy Department Announces up to $12 Million for Projects to Advance Wave Energy
The Energy Department announced up to $12 million in new projects to support the development of innovative technologies capable of generating reliable and cost-effective electricity from U.S. water resources. The four projects will advance marine and hydrokinetic (MHK) energy technologies, which can harness energy from the nation's oceans and rivers. Two projects will test and validate wave ...
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Making waves work: wave energy trials underway in Wellington
A uniquely ‘Kiwi’ wave energy generator is harnessing the power of waves in Evans Bay Wellington. The device has been developed by Wave Energy Technology New Zealand (WET-NZ) – a partnership between the Crown Research Institutes Industrial Research Limited (IRL), and NIWA, and the Wellington power consultancy Power Projects Limited (PPL). The generator in Evans Bay is an experimental prototype. ...
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Ocean Power Technologies PB150 Device Outperforms in Sea Tests
Ocean Power Technologies, Inc. (Nasdaq: OPTT) ("OPT" or the "Company"), a leading wave energy technology company, is pleased to announce that the first of its new generation utility-scale PowerBuoy® device, the PB150, has delivered better-than-expected initial results from tests being conducted off the northeast coast of Scotland. Rated at 150 kilowatts, this device was ...
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PG&E First in the Nation to Buy Wave Energy
SAN FRANCISCO, California, December 21, 2007 (ENS) - Pacific Gas and Electric Company has entered into a long-term, two megawatt commercial wave energy power purchasing agreement with Finavera Renewables Inc. both companies said Tuesday. Finavera has begun development plans for the two megawatt wave energy project to be constructed 2.5 miles off the coast of Humboldt County, California. The ...
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