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Latest Wave power Stories

2009-05-05 15:25:00

HOUSTON, May 5 /PRNewswire/ -- As countries around the world seek to curb their dependence on fossil fuels and foreign oil, many American-based companies are offering alternative energy solutions to help avert a full-blown energy crisis, which include wind, solar and wave energy technology. One such company, based in Houston, Texas, is providing unique ocean energy converters and has announced the additional licensing of its Lever Operating Pivoting Float (LOPF) to several companies for...

2009-02-25 13:08:00

HEIDENHEIM, Germany and ESSEN, Germany, Feb. 25 /PRNewswire/ -- Voith Hydro and RWE Innogy formed a joint venture of Voith Hydro Ocean Current Technologies. (Photo: http://www.newscom.com/cgi-bin/prnh/20090225/AQW066) With the new company, both partners will accelerate the development, manufacture and marketing of ocean current technologies. Within the framework of its venture capital activities, RWE Innogy will make a significant capital investment and hold a 20 percent share...

2009-01-26 08:30:00

MOORESTOWN, N.J. and PENNINGTON, N.J., Jan. 26 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) and Ocean Power Technologies, Inc. (OPT) (Nasdaq: OPTT and London Stock Exchange AIM: OPT) announced they have signed a letter of intent to collaborate in the development of a utility-scale wave power generation project in North America. Lockheed Martin and OPT intend to enter into an agreement under which OPT would provide its project and site development expertise, build the power take-off and...

2008-11-12 09:00:39

SDE Energy, a developer of technologies for sea wave power generation, has received a 25-year concession from an undisclosed country in Africa to build wave power plants with a total capacity of 100MW. The cost of this project is $100 million and the expected revenues from the electricity sold are estimated to be approximately $1 billion. Meanwhile, the company has started negotiations with global institutions for insuring the project and providing financial guarantees. SDE said that the...

2008-11-11 09:00:39

TEL AVIV, November 11 /PRNewswire/ -- In the wake of the global financial crisis and the growing global awareness of green energy, SDE Energy Ltd., a developer of an innovative technology for sea wave power generation, has recently received a 25 year concession to build sea wave power plants with a total capacity of 100MW from a Moslem country in Africa. The cost of this project is US $100 million dollars and the expected revenues from the electricity sold are estimated to be approximately...

2008-10-27 09:00:34

Greentech Media Inc., an online media and research firm, and The Prometheus Institute for Sustainable Development, a non-profit devoted to furthering the advancement of alternative energy and sustainable development, today announced the availability of Forecasting the Future of Ocean Power, the industry's most authoritative and comprehensive research report to date on the burgeoning ocean power market. While fewer than 10 MW of ocean power capacity has been installed to date worldwide, the...

2008-10-24 09:00:22

The California Public Utilities Commission has rejected Pacific Gas & Electric's application to approve a power purchase agreement signed between Pacific Gas & Electric and Finavera Renewables for a 2MW wave power project in Humboldt County, California. In response to the California Public Utilities Commission's (CPUC) draft decision, Pacific Gas & Electric (PG&E) argued that the rate was reasonable because the technology is new and the project is small. PG&E also said...

2008-10-16 06:00:27

Iberdrola and Tecnalia have installed, within the framework of the Oceantec Project, the first prototype for producing wave energy on the coast of Guipuzcoa, at the town of Pasajes in Spain. The initiative, which has a budget of E4.5 million, aims to install a device for capturing wave energy at a high performance and a competitive cost. This first prototype, made in the scale of 1:4, will be in testing for several months in order to a check its performance and eliminate environmental...

2008-10-15 03:00:19

Ocean Power Technologies, Inc. (Nasdaq: OPTT and London Stock Exchange AIM: OPT) ("OPT" or the "Company") today announces that it expects to benefit from the Energy Improvement and Extension Act of 2008. This Act is part of H.R. 1424, recently passed by the US House of Representatives and signed into law by President George W. Bush on October 3, 2008. The Act will for the first time enable owners of wave power projects in the US to receive federal tax credits, thereby improving the long-term...

2008-10-10 15:00:30

We're starved for clean energy when it is all around us, in the air, water and even the earth. We'd have plenty if we could figure out how to collect it. But technological development must overcome some formidable challenges, especially to mine the powerful energy in water. Water is much denser than air, so harnessing even a small amount of the tidal current flowing in and out of our region's many bays and estuaries, or the deep-ocean currents such as the Gulf Stream, can produce vast...


Word of the Day
cock-a-hoop
  • Exultant; jubilant; triumphant; on the high horse.
  • Tipsy; slightly intoxicated.
This word may come from the phrase 'to set cock on hoop,' or 'to drink festively.' Its origin otherwise is unclear. A theory, according to the Word Detective, is that it's a 'transliteration of the French phrase 'coq a huppe,' meaning a rooster displaying its crest ('huppe') in a pose of proud defiance.' Therefore, 'cock-a-hoop' would 'liken a drunken man to a boastful and aggressive rooster.'
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