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Maritime
College Riding a Wave of Power
14/04/2008
Two technologies that generate electricity from the ocean
are going through final testing at the Australian Maritime
College in Launceston this week.
Sydney company
BioPower Systems has created two designs for ocean power
conversion - one which harnesses energy from currents, the
other from waves.
FOCUS:
One-Time Coal Region Wales Eyes Pollution-Free Future
14/04/2008
LONDON -(Dow Jones)-
Wales may have been well-known in the past for its coal
mines and polluting heavy industry but now the region wants
to cash in on the growing financial opportunities in low
carbon development by combining its its natural resources
in renewables with innovation in clean technology.
Finavera
Renewables Hires Kyoto Planet Capital Partners to Provide
Investor Relations Services
01/04/2008
Finavera Renewables
Inc ('Finavera Renewables' or the 'Company') (TSX VENTURE:FVR)
is pleased to announce it has retained Kyoto Planet Capital
Partners (KPCP) to develop and provide investor relation
services for the Company. Kyoto Planet Capital Partners
has been engaged to refine and execute an investor relations
strategy that will ehance and expand Finavera Renewables
exposure with the Canadian and international investment
community.
Wave
Energy Work Rolls Along
29/03/2008
The Federal Energy
Regulator Commission on Friday approved a 90-day public
comment extension so Ocean Power Technologies can work with
local stakeholders - particularly the Southern Oregon Ocean
Resource Coalition - on whether it should use a traditional
licensing process or an integrated licensing process.
Finavera
Renewables Hires Kyoto Planet Capital Partners to Provide
Inestors Relations Services
01/04/2008
Finavera Renewables
Inc ('Finavera Renewables' or the 'Company') (TSX VENTURE:FVR)
is pleased to announce it has retained Kyoto Planet Capital
Partners (KPCP) to develop and provide investor relation
services for the Company. Kyoto Planet Capital Partners
has been engaged to refine and execute an investor relations
strategy that will ehance and expand Finavera Renewables
exposure with the Canadian and international investment
community.
New
England Startup Seeks to Tap the Mississippi for Power
01/04/2008
For more than
a century, the Mississippi River has been one of the nationa's
most-important transportation corridors, a muddy, winding
pathway for moving bulk commodities such as grain and coal
and other goods.
Now, a New England startup company wants to harness the
mighty river for a secondary purpose - generating electricity.
"It's
Time to get Serious about UK Energy Targets" says the
Renewable Energy Centre
01/04/2008
The Renewable
Energy Centre today released a statement in response to
reports by the Guardian newspaper that the government is
looking for ways to meet its energy targets through investment
in renewable projects outside of the UK.
Wave
Energy Work Rolls Along
29/03/2008
The Federal Energy
Regulator Commission on Friday approved a 90-day public
comment extension so Ocean Power Technologies can work with
local stakeholders - particularly the Southern Oregon Ocean
Resource Coalition - on whether it should use a traditional
licensing process or an integrated licensing process.
Ocean
Power Technologies Announces Results for the Quarter and
Nine
17/03/2008
We remain focused on product shipments, technology development
and expanding our order pipeline, and we are very confident
of the progress to be made in these areas. "Operational
Review During the third quarter ended January 31, 2008 OPT
has continued to make substantial progress in a number of
ongoing projects".
Renewables
Targets - Driving Europe to a Leadership Position - Part
II
17/03/2008
Philip Wolfe outlines the REA's scenario for meeting the
2020 targets and discuss the various options available while
suggesting the best way forward for the UK.
WAVE
ENERGY TODAY EXCLUSIVE!
C-Wave:
Most People Believe that Wave Energy is Really Going to
Happen
18/03/2008
The potential of wave power as a renewable energy is staggering.
Future Energy Solutions recently highlighted that the global
potential for wave power is estimated to be around 8,000
- 80,000 TWh/y (1 - 10TW). This is the same order of magnitude
as world electrical consumption. We've been talking
to Giles Edward about how the industry has developed since
he joined C-Wave as Chief Executive
two years ago. He also told us how he thinks the industry
will progress.
Before working in wave energy, Edward worked extensively
in the oil and gas industry. He says, "It's become
a much more industrial aware industry but that means the
industry has become more aware of what it doesn't yet know
- lessons that haven't yet been learned". The industry
has certainly made some major steps in recent years; in
2006 Prime Minister Tony Blair looked at C-Wave as part
of "Our Nation's Future", and more recently, ScottishPower
has been granted
planning permission by the Scottish Government for the world's
largest generating capacity wave farm.
According to Edward, a key breakthrough for wave energy
is that people from outside the industry have started to
take it much more seriously. "Two and a half years
ago it was very difficult to get any type of investment.
You'd walk into somebody's office to talk about wave energy
and they'd think you were mad!" Edward explains. However,
we need only look to AWS Ocean which has just secured additional
investment which is believed to run into millions to see
that this is no longer the case. The company plan to use
the investment to deploy a demonstration 250kw pre-commercial
prototype which is expected to lead on to the first phase
of a commercial demonstration farm in 2011.
There's now a much broader spectrum of choices and challenges
that the industry is facing compared to what was happening
a few years ago. Edward believes that it's no longer a question
about whether one wave device is better than the other but
more about "whether it's possible to operate and maintain
wave energy devices at sea in a realistic fashion that makes
them reliable energy generators. This requires developers
to consider the industrial components, supply chain issues
and anything else that is required to build a successful
industry."
In order for wave to become a successful industry Edward
believes, "What we really need to do is set up a road
map where we start to deploy devices into the water again
so that the industrialisation process actually happens".
Test centres such as Cornwall's Wave Hub, Orkney's EMEC
and Portugal's Wave Energy Test Centre will form an important
part of this. Edward stated, "It means that projects
will happen quicker and more easily because the infrastructure
will exist to support them".
Iberdrola
Renowables Begins Tests on Pilot Wave Energy Plant
12/13/2008
Clean energy from
Iberdrola Rnovables has begun testing a wave energy pilot
plant in Santona, in the Spanish province of Cantabria,
which the company claims will become the first of this kind
to be installed in Europe.
ORECon
Raises $24m
13/03/2008
ORECon, the UK-based
wave energy device developer, has completed its first institutional
funding round led by a syndicate of international venture
capitalists, including Advent Ventures, Venrock, Wellington
Partners and Northzone Ventures.
Crude
Oil Raises to Record $111 in New York on Weak US Dollar
13/03/2008
Crude oil rose
to a record $111 a barrel in New York as the sinking value
of the dollar attracted investors to commodity markets.
The dollar dropped below 100 yen earlier today for the first
time since 1995 and declined to a record low against the
euro. INvestors looking for higher returns have flocked
to commodities. Oil surged 90 percent over the past year
as the Standard and Poor's 500 Index dropped 4.4 percent.
Scottish
Power - Scotland wants to become a global force in marine
energy - a market that could be worth billions
12/03/2008
The Orkney Islands,
where the North Sea and the Atlantic Ocean violently meet,
last gained fame in 1725 when the pirate shit Revenge was
captured there.
Today a handful of startups and big companies including
General Electric are hoping to capture a different prize
in Scotland's northernmost waters: marine energy. With waves
that travel thousands of miles across the Atlantic before
battering its coastline and tidal flows that exceed eight
knots, theScots are poised to become the world leader in
this renewable energy source - a market that could be worth
billions.
Can
Wales lead Climate Change Battle?
10/03/2008
The Welsh Assembly
Government has made a commitment to tackling climate change
by launching a route map which sets out ambitious plans
to make Wales self-sufficient in renewable energy within
20 years. David Emery looks at what the plan means for Wales
and asks if it is truly viable.
UK
Wave Energy Developer ORECon Nets $24m
08/03/2008
UK wave energy
developer ORECon has netted a $24m first round from an international
syndicate of VCs. London-based Advent Venture Partners led
the deal, joined by pan-European house Wellington Partners,
Venrock of the US, and Nordic tech specialist North Zone.
Wave
farm to be Established off the West Coast
07/03/2008
The Mayo coastline
may be the prime location for a commercial wave farm owned
by the leading wave energy development company Wavebob Ltd.
Yesterday's announcement
of the establishment of a full-scale wave farm off the west
coast came as Wavebob Ltd signed a research and development
agreement with one of Europe's largest electricity providers,
Vattenfall AB.
Iberdrola
Renewables begins tests of wave energy plant in Santona
(Cantabria)
06/03/2008
IBERDROLA Renewables
has begun testing a wave energy pilot plant in Santona,
Cantabria, which will become the first of its kind to be
installed in Europe.
Irish
Government to Invest 200 million Euros in Energy Research
06/03/2008
Ireland's Prime
Minister Bertie Ahern said Thursday that the government
will invest over 200 million euros ($306 million) in energy-releated
research and development. Speaking at a sustainable energy
conference in the capital Dublin, Ahern said the money will
be made available over the next five years.
Wave
Energy Ltd Announces $82 Million Private Equity Financing
19/02/2008
Wave Energy Ltd. is pleased to announce the sucessful closing
of a private placement equity financing. The company raised
$82 million100 MW California Wave Project Gets Preliminary
Approval
Wave
and Tidal Energy Potential Continue to Generate Interest
-
16/02/2008
The world's oceans are
increasingly becoming the focus of efforts to develop sustainable
sources of energy. Offshore wind is the ocean-based energy
technology that has generated most of the headlines in recent
years. However, there is also a considerable interest in
developing technologies capable of converting wave and tidal
motions into electricity.
100MW
California Wave Project Gets Preliminary Approval
15/02/2008
Regulatory body FERC gives the nod for large scale studies
in Northern California's sparsely populated Humboldt County.
Vancouver's Finavera Renewables has been issued a preliminary
permit for a proposed wave energy project in Northern California's
Humboldt County.
Ireland:
New Marine Mapping Plans Announced
13/02/2008
THe annual INFOMAR
seminar at the Marine Institute headquarters in Galway today
announced new plans for marine mapping and outlined how
the project is supporting efforts to combat climate change.
£50m
Renewables Energy Fund That's Not Making Waves
11/02/2008
-
You might expect that an island nation
offering substantial grants through a wave and tidal energy
grant scheme would have applicants queueing up. But a £50
million fund has succeeeded in attracting precisely two
applicants - both were rejected.
Money
For Wave Investment
05/02/2008
Scottish wave
energy company, AWS Ocean Energy, has securited new investments
from Shell Technology Ventures (STV) and the investment
fund Tudor BVI Global Portfolio. |
