Scots and Irish collaborate on ocean energy

Ireland, Northern Ireland and Scotland have joined forces to advance the development of ocean energy. Led by three state bodies – the Sustainable Energy Authority of Ireland (SEAI), Invest Northern Ireland and Scottish Enterprise – the new Ocean Power Innovation Network (OPIN) also aims to drive technology innovation. They will focus on collaborative initiatives, knowledge […]

Global wave and tidal market ‘to reach $11bn by 2024’

The global wave and tidal energy market is forecast to be worth $11.3 billion (£8bn) by 2024. That’s an increase from $497 million (£497m) in 2014, according to new research. It states wave and tidal power, two major forms of harnessing ocean energy, are likely to experience “significant” market growth in terms of installed capacity […]

Local leaders urge EU to help harness ocean energy

The Committee of the Regions (CoR) is calling for public and private support for ocean energy to boost economic growth and secure jobs in the EU. According to the CoR, ocean energy could be a game-changer in the decarbonisation of the economy. It added ocean energy could meet 10% of Europe’s electricity demand by 2050. […]

Scotland pledges £450k for ocean energy projects

The Scottish Government is contributing £450,000 for ocean energy research and development projects in the EU. It will go towards the Ocean Energy European Research Area Network (ERA-NET), a consortium of 16 research and energy agencies from nine member states – UK, Ireland, Sweden, Denmark, Netherlands, Belgium, France, Spain and Portugal. Businesses and research organisations […]

Giant tank for marine energy testing unveiled

Scotland has unveiled a large-scale testing tank that is set to make waves in the marine energy industry. Believed to be the first of its kind in the world, the £9.5 million FloWave Ocean Energy Research Facility at the University of Edinburgh can recreate waves and currents from coastlines across the UK, Europe and beyond. […]

EU’s ‘blue energy’ plan set to make waves

The EU has unveiled a new plan to increase the development of ocean energy, which it claims could help create up to 20,000 jobs by 2035 in the UK alone. Also called “blue energy”, it covers all renewable energy at sea, including, wave and tidal but excluding offshore wind. The plan includes the establishment of […]

Global ocean energy poised for boomtime

The global ocean energy sector is at a turning point, with over 45 wave and tidal prototypes expected to be ocean tested this year, according to US renewable analysts at IHS Emerging Energy Research. If these initial projects are successful, the global ocean energy project pipeline is poised to boom. IHS estimates that more than […]