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Global Wave and Tidal Energy Market Expected to Reach US$10.1 Billion by 2020

The global wave and tidal energy market was worth US$25 million in 2013. It is expected to grow at a CAGR of 64.1% from 2014 to 2020, eventually reaching a value of US$10.1 billion in 2020. A new research report released by Transparency Market Research, titled "Wave and Tidal Energy Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020", makes this prediction for the global wave and tidal energy market based on comprehensive primary and secondary research.

12 Aug 2015

New Inertial Sea Wave Energy Converter Deployed to Produce Electricity in Pantelleria Island

The Politecnico di Torino and the spin off Wave for Energy have developed the first Italian 1:1 scale device for the production of electricity from sea waves which, on August 7th, will be moored 800 m from the coast of Pantelleria.

7 Aug 2015

Frost & Sullivan Study Finds UK as the Forerunner in Tidal Energy Solutions Development

The growing emphasis on renewable and carbon neutral energy generation has pushed tidal energy into the spotlight. Tidal energy being more reliable than wave energy has a few operational plants with substantial capacity across the globe. New, experimental concepts such as dynamic tidal power, which enable production even in low-tide regions, possess the potential to disrupt existing technologies and make tidal power a key energy resource.

28 Jul 2015

Hawboldt Industries Secures Multi-Million Dollar Contract with Cape Sharp Tidal Project

A third Nova Scotian company has secured a multi-million dollar contract with the Cape Sharp Tidal project, which has potential to be the first grid-connected tidal array in the world.

17 Jun 2015

BOURBON Installs Submarine Cable for Sabella D10 Tidal Turbine Project

BOURBON is participating in a tidal turbine connection project off the island of Ushant (Brittany, France), a first in France. A pioneer in the towing and installation of the first floating wind turbine off the coast of Portugal, BOURBON is committed in the field of renewable energies and is now supporting SABELLA.

4 Jun 2015

Cape Sharp Tidal Awards Contracts to Aecon Group and Lengkeek Vessel Engineering

Two Nova Scotian businesses have secured contracts worth $25 million as part of the first round of procurement awards on the Cape Sharp Tidal project.

26 May 2015

OWET’s 10th Annual Ocean Renewable Energy Conference to be Co-Located with HydroVision International

The Oregon Wave Energy Trust (OWET) today announces that its 10th annual Ocean Renewable Energy Conference will be co-located this year with HydroVision International, the largest gathering of hydro professionals worldwide. PacifiCorp (a Berkshire Hathaway Energy Company) and Portland General Electric are the two official host utilities of the event and OWET is the official marine energy partner.

11 May 2015

Current Status and Future Outlook Report on Global Tidal Energy

Research and Markets has announced the addition of the "Tidal Energy: Current Status and Future Outlook" report to their offering.

10 Apr 2015

Japan’s NEDO Selects IHI and Toshiba as Co-Researchers in R&D of Ocean Energy Technology

IHI Corporation and Toshiba Corporation have been selected by Japan’s New Energy and Industrial Technology Development Organization as co-researchers in the “Research and Development of Ocean Energy Technology - Demonstration Research of Ocean Energy Power Generation”. After concluding the formal contract with NEDO, we will conduct demonstration research of a turbine system driven by the ocean current.

26 Dec 2014

New Report on Global Wave and Tidal Power Generation Market

Wave and tidal energy are methods of harnessing energy of oceans for power generation. Countries around the world are increasingly looking to utilize these forms of renewable energy as they provide a constant and steady source of clean energy.

26 Dec 2014