Tidal Energy Today has compiled the top news from tidal and wave energy industry from July 18 – 24, 2016.
Tribute Resources has taken a 46.5% stake in Tocardo after its parent company Huisman sold its shares. The two companies have also agreed to work together for a minimum period of 5 years to jointly execute the business plan, with over 90MW of projects already identified for installation.
The consortia that delivered the Turbulence in Marine Enviornments (TiME) project will now offer a turbulence measurement and assessment service to the tidal power sector. It consists of a cost-effective measurement campaign, data analyses and performance assessment methodology.
Ocean Thermal Energy Corporation (OTE) has received a permit to construct an ocean thermal energy conversion (OTEC) power plant in the Virgin Islands of the United States. The plant on the Saint Croix is expected to generate 7 to 15MW of power, with the construction costs estimated to be between $200 million to $300 million.
Finnish wave energy developer Wello has teamed up with Korean company BSR to establish a wave energy demonstration project in Korea. Wello’s role is to bring technology expertise into the project, while BSR will provide the expertise in energy plant building.
Wave Energy Scotland (WES) has launched its third competitive funding call focused on structural materials and manufacturing processes for wave energy technology. WES will cover 100% of project costs for the first stage of this three-stage programme by providing up to £250,000 per project of up to 12 months duration.
Tidal Energy Today