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Chinese-Australian alliance to bring ocean wave energy system to commercialization

Chinese industrial group Shanghai Electric Power Generation Group and Australian ocean energy company BioPower Systems are forming a strategic alliance for the commercialization of an ocean wave energy system. “This alliance, between BioPower Systems and what is one of the largest diversified equipment manufacturing groups in China, intends to enable development of the “BioWAVE” to a commercial stage...

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Wave energy company looking for partners for India

Israeli wave power company, SDE Energy signed a cooperation agreement with a major Indian automobile manufacturer for the construction of wave power generation plants along the coast of India. SDE uses a set of buoys set upon a breakwater where they can be moved up and down with the motion of the waves. The motion generates hydraulic pressure which is transformed into electricity. SDE is now working...

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Marine power: Energy from the world’s oceans

Renewable energy is often dominated in the discussions by solar, wind and biomass. While they already have a wide fan base, yet another promising emerging technology is marine power. Marine power is a renewable source classified as “third-generation,” or those that need further research and development efforts in order for them to make large contributions to the global energy mix. According to analyst Global Information, Inc.,

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Israeli, British researchers devise novel system to predict wave power

A team of Israeli and British researchers have discovered that energy generated from the oceans can improve twofold through innovative methods that can predict wave power. The researchers from Tel Aviv University in Israel and the University of Exeter in the United Kingdom targeted point absorbers or floating devices with components that move relative to each other in response to wave action.

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Scotland announces new funding for marine renewables

Scotland announced a new round of funding of £7.9 million ($12.5 million) for the development and testing of new wave and tidal prototypes around the country’s seas. The funding is the second round of the Wave and Tidal Energy: Research, Development & Demonstration Support fund – called the Waters Fund – which enables Scottish developers and supply chain firms to increase their chances toward the international marine energy market.

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Scotland to deploy world’s first community-owned tidal turbine

A first-of-its-kind community-owned tidal turbine is expected to be deployed on the coast of Scotland by 2013, said Scottish First Minister Alex Salmond. Scottish firms Steel Engineering and Nova Innovation will deliver the 30-kilowatt hydroelectric generator, the Nova-30, which will be installed in the Bluemull Sound between the islands of Yell and Unst.

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Australia riding the waves of clean energy

While solar, wind and hydro are among the popular and commonly-used renewable sources, ocean power is an emerging technology that could offer another means of clean energy. A report from Australia’s national science agency, the Commonwealth Scientific and Industrial Research Organization, says ocean energy from waves, currents and tides could provide as much as 10 percent electricity for Australia by 2050.

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Novel ocean energy concept to be piloted in Okinawa

Japanese engineering companies IHI Plant Construction Corporation, Xenesys Incorporated and Yokogawa Electric Corporation will work together to build a pilot ocean thermal energy conversion plant in Okinawa Prefecture. With an OTEC system, the temperature differences between warm surface seawater and cold deep seawater are used to generate power.

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Ocean Power records decrease in technology development expenses

Ocean Power Technologies finished the fiscal year ended April 30, 2012 with a net loss of $15.2 million compared with $20.5 million in the year prior. Despite the fact the wave energy company has yet to report gains, chief executive Charles F. Dunleavy remains optimistic, pointing out that it is an improvement over the previous year and a reflection of the company’s successful effort to decrease product development costs.

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Ocean Power, Lockheed Martin working on 19-MW wave project in Australia

Two American companies, Ocean Power Technologies, Inc. and Lockheed Martin, will be developing a 19-megawatt wave energy project in Portland, in the state of Victoria, Australia. The Portland project is one of the largest wave energy projects announced to date, leveraging a federal grant of 66.46 million Australian dollars ($68 million) from the Department of Resources, Energy and Tourism.

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