IHC Merwede Acquires Wave rotor Technology

pres release
Wednesday, June 06, 2012

IHC Merwede establishes IHC Tidal Energy and acquires Wave Rotor technology.


On 30 May 2012, IHC Merwede signed an agreement to acquire Wave Rotor technology from Ecofys, which is renowned for its expertise in sustainable energy solutions. The official signing was made by Willem Steenge, Managing Director of IHC Tidal Energy, and Manon Janssen, Managing Director of Ecofys. Wave Rotor technology, which will be managed by the newly established company IHC Tidal Energy, enables IHC Merwede to further secure its position in the renewable market.


Patented technology

With this acquisition, IHC Merwede has secured highly developed knowledge and the patented Wave Rotor technology. In contrast to most tidal turbines, the Wave Rotor is vertically oriented. It converts power from tidal currents and wave motion directly into electricity. The technology is a patented innovation from Ecofys that has been developed over the past ten years and successfully demonstrated in a 30kW pilot plant in the Westerschelde.


After the Wave Rotor was developed, it was brought through the pre-commercial stage by OceanMill. The company proved that the technology has enormous potential and is commercially viable. IHC Tidal Energy has set its goal to successfully bring the acquired technology to market, enriching the world with proven tidal and wave energy converters.


Tidal and wave energy market
IHC Merwede has been active in the renewable energy sector for decades. The market for tidal and wave technology is relatively new, but IHC Merwede foresees a significant growth of activities in Europe, North America and Asia. Willem Steenge says: “The acquisition of Wave Rotor technology enables IHC Merwede to launch a fully integrated system to generate electricity using tidal energy. IHC Merwede will contribute, as a reliable link in the chain of new energy and land reclamation, to the sustainability or our world. The investment in this emerging market also fits well into the company’s strategic portfolio.”


Manon Janssen adds: “Ecofys is very proud to transfer this innovative technology over to IHC Merwede. With its expertise and global presence, IHC Merwede will bring Wave Rotor technology to the next commercial phase. Ecofys expects that Wave Rotor technology will have a big impact on the world.”

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

Coast Guard Monitoring Rocket Debris off US

The U.S. Coast Guard informs it is working with SpaceX and partner agencies to monitor the debris field of the exploded Falcon 9 rocket in the Atlantic Ocean more

Tero Marine Secures Boa Offshore Contract

Tero Marine informs it has secured a multimillion (NOK) contract for delivery of fleet management software to Norwegian shipping company Boa Offshore. The Bergen-based

Propulsion Under Wireless Remote Control

Thrustmaster of Texas, Inc. has been supplying wireless remote controls for thrusters since the 1980s, offering products that are supported through their lifecycles

Finance

Monopiles Terminal to Be Built in Rotterdam

Sif and Verbrugge to build terminal for offshore wind energy on Maasvlakte 2   Sif Group, Verbrugge International and the Port of Rotterdam Authority have signed

Shipping Confidence at 7-year Low -Survey

Overall confidence levels in the shipping industry fell during the three months to May 2015 to a level equal to the lowest rating recorded in the past seven years,

Teekay Sells FPSO, Announces Dividend Boost

Teekay Corporation to complete sale of the Knarr FPSO and announces dividend increase of 75 percent   Teekay Corporation announced today that its board of directors

Environmental

US Issues Potential Setback to Shell's Arctic Drilling

The Obama administration issued a potential setback to Royal Dutch Shell's  Arctic oil exploration plans on Tuesday, telling the company that established wildlife

Ex-BP Engineer Deserves New Gulf Spill Trial -US Appeals Court

A former BP Plc engineer deserves a new trial on an obstruction of justice charge related to the 2010 Gulf of Mexico oil spill, a federal appeals court ruled on Tuesday.

Shell Rig Departs for Arctic Despite Protest

U.S. Coast Guard and police boats cleared a way through protesters in kayaks at a Seattle-area port on Tuesday so a drilling ship could head for the Arctic on behalf of Royal Dutch Shell.

Energy

Monopiles Terminal to Be Built in Rotterdam

Sif and Verbrugge to build terminal for offshore wind energy on Maasvlakte 2   Sif Group, Verbrugge International and the Port of Rotterdam Authority have signed

Ex-BP Engineer Deserves New Gulf Spill Trial -US Appeals Court

A former BP Plc engineer deserves a new trial on an obstruction of justice charge related to the 2010 Gulf of Mexico oil spill, a federal appeals court ruled on Tuesday.

Teekay Sells FPSO, Announces Dividend Boost

Teekay Corporation to complete sale of the Knarr FPSO and announces dividend increase of 75 percent   Teekay Corporation announced today that its board of directors

Mergers & Acquisitions

SeaZip Offshore Service Commences Operation

Harlingen-based SeaZip Offshore Service has entered into a partnership agreement with Heerema Marine Contractors (HMC). HMC, the world's market leader in transporting,

ShipServ opens Singapore office

ShipServ, the leading marine and offshore marketplace with an expected annual trade of $3bn in 2015, has cemented its position in Asia with the opening of a new office in Singapore.

DPE is New Majority Shareholder in INTERSCHALT

Deutsche Private Equity GmbH (DPE) is set to become the new majority shareholder in INTERSCHALT maritime systems AG, the maritime software and services provider

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Ship Repair Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2800 sec (4 req/sec)