Business & Finance
AdBm Closes USD 1.3 Mln Funding
AdBm Technologies, an underwater noise abatement technology company raised $1.3 Million, led by the Central Texas Angel Network (CTAN). Other investors include Green Park & Golf Ventures as well as the Houston Angel Network (HAN) and the North Texas Angel Network (NTAN). AdBm, a portfolio company of
Ricardo to Assist US DOE with Wave Energy Conversion Competition
Ricardo has been selected by the U.S. Department of Energy (DOE) Office of Energy Efficiency and Renewable Energy to administer a unique ocean Wave Energy Converter (WEC) prize challenge, aimed at helping to bring this important potential source of clean energy to commercial scale. Wave energy conve
Carbon Trust: Offshore Wind Crucial for Japan’s Energy Security
Japan’s offshore wind industry needs to accelerate Research, Development and Deployment (RD&D) efforts to reduce the country’s exposure to the highly volatile costs of imported energy and secure its future energy supply, according to a series of reports released today by the Carbon Trust. Japan’s of
DNV GL to Celebrate Two Anniversaries in Amsterdam
Today, DNV GL celebrates its 150th anniversary of DNV and the one year of the DNV GL merger in The Hermitage and The National Maritime Museum in Amsterdam. DNV GL wishes to celebrate this milestone primarily by looking ahead and has therefore developed six strategic themes for a safe and sustainable
Cohort Acquires J+S
Cohort, the independent technology group, announced the acquisition of J+S Limited, an independent systems and in-service support provider for the defence and offshore energy markets, from its shareholders for a cash consideration of £12 million. J+S meets Cohort’s criteria for bolt-in acquisitions
UK Govt Announces GBP 300 Mln for Renewable Energy Projects
The UK renewable electricity projects will compete for £300 million in support this autumn – an increase of £95 million from the indicative budget published in July, UK Energy and Climate Change Secretary Ed Davey announced today. The funding for Contracts for Difference, which provide long-term cer
Scottish Enterprise to Boost Ocean Renewables with GBP 450,000 Fund
Scottish ocean energy companies will be able to bid for a share of a new €7 million funding pot, Energy Minister Fergus Ewing will say today. At the Ocean Energy Conference in Paris, Mr Ewing will announce Scottish Enterprise will contribute £450,000 towards the first joint call of the Ocean Energy
Seawork International 2015 Set to Shine Again
Seawork International 2015 looks set to be yet another successful event. Held in ABP Docks in Southampton, the event embraces an exhibition, innovations showcase, conference and awards ceremony, both shore-side and on the water. Exhibitors from all corners of the world attend the Seawork Exhibition,
Siemens Extends CWind’s London Array Contract
CWind Athenia and CWind Endeavour will provide further logistical support at world’s largest offshore wind farm, the London Array. CWind, a provider of services to the offshore wind industry, has been awarded a second contract extension by Siemens at London Array. CWind Endeavour and CWind Athenia h
DeepOcean Takes New Equipment for Subsea Cable Works
Long-standing SMD customer DeepOcean have now received delivery of their 1000hp QTrencher (QT) 1000 and successfully completed a number of projects. The recently upgraded T-3200 heavy duty trenching tractor is set to sit alongside the industry‐leading free flying, jet trenching ROV on DeepOcean’s Ha
OTE Announces Notice of Call for Class ‘C’ Warrant Exercise
Ocean Thermal Energy Corporation (OTE), a turnkey supplier of Ocean Thermal Energy Conversion (OTEC) and Seawater Air Conditioning (SWAC) Systems worldwide, today gives notice to the holders of the Company’s Class ‘C’ Warrants that it is exercising its right to call the 2,000,000 shares purchasable
Greater Gabbard OWF in Midst of Legal Fight
Fluor has taken a second legal action in relation with Greater Gabbard offshore wind project, as the engineering company recently filed a lawsuit against Shanghai Zhenhua Heavy Industry (ZPMC), requesting a compensation in an amount of GBP 250 million. Fluor claims that it suffered significant finan
India Takes Large Step Towards Its First Offshore Wind Project
A Memorandum of Understanding (MoU) for setting up a Joint Venture Company ( JVC) towards undertaking the First Demonstration Offshore Wind Power Project in India along the Gujarat coast has been signed in the presence of Shri Piyush Goyal, Union Minister of State (I/C), Power, Coal and New & Renewa
IBERDROLA Launches Offshore Pile Testing Campaign for Wikinger OWF
IBERDROLA has launched the pile testing campaign for its Wikinger offshore wind farm project following the completion of the site’s geotechnical investigation on the Baltic Sea. German engineering and services group Bilfinger and its experienced subcontractors are carrying out the tests in order to