The PB3 unit will serve as an autonomous intelligent platform to provide communications and remote monitoring services.
(Source: Ocean Power Technologies, Renewables, 26 Aug., 2019)
Contact: Ocean Power Technologies, (609) 730- 0400, www.oceanpowertechnologies.com
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The company is seeking $12 million in private investment in addition to a recent $6 million infusion. An initial funding round will be followed by a push for another $18 million earmarked for production startup, commercialization and marketing.
In 2017, marine energy reportedly attracted only $200 million in investments worldwide; solar energy drew $161 billion and wind attracted $107 billion, according to
Bloomberg's 2018 New Energy Finance investment report.
(Source: Ocean Renewable Power, Portland Press Herald, 28 Aug., 2018) Contact: Ocean Renewable Power, Chris Sauer, CEO, 207.772.7707, www.orpc.co
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The Meygen project incorporates multiple machines and is the largest tidal stream energy project in the world. The project's 4, 1.5MW turbines generate sufficient power for about 2,000 homes.
(Source: Atlantis Resources, Renew Economy, Others, 4 Sept., 2017) Contact: Atlantis Resources,
Tim Cornelius, CEO, +65 6248 4688, +44 131 659 9690, www.atlantisresourcesltd.com
More Low-Carbon Energy News Atlantis Resources, Tidal Power, Ocean Power,