DCNS Predicts Turning Point for Tidal Power
Tidal power is moving beyond the prototype stage for state-backed French naval shipbuilder DCNS, which is targeting a billion euros in sales from the technology in the next decade. DCNS, which is 35 percent owned by defence group Thales and 64 percent by the French state, builds warships and submarines but aims to sell its first commercial tidal power system in four years and wants to get up to 25 percent of its sales from renewable marine energies by 2025. The firm bought Ireland's OpenHydro…
Atlantis Chief Joins Ocean Energy
Tim Cornelius, CEO of global tidal developer Atlantis Resources has taken a seat on the Board of Directors of Ocean Energy Europe – the industry group for ocean renewable energy – by becoming a Lead Sponsor of the organisation. The move reflects Atlantis’ position as a leading developer of commercial tidal power projects and underpins its commitment to driving the market for ocean renewable energy. Following its acquisition of pioneering tidal company Marine Current Turbines earlier this year…
Tidal Energy Leaders to Collaborate
CEOs of the world’s leading tidal device developers to meet & collaborate at upcoming summit. CEOs from Atlantis Resources Corporation, Andritz Hydro Hammerfest, Marine Current Turbines, Tidal Generation (Rolls Royce) and Voith Hydro Ocean Current Technologies have again committed in 2012 to help push forward the tidal energy industry by continued collaboration and information sharing. They will be joined for the first time by Christopher Sauer, the President and CEO of the USA’s Ocean Renewable Power Company. The ORPC has made headlines this year by securing a PPA agreement with the Maine Public Utilities Commission to sell grid-connected power from their TidGen project in Eastport, giving a boost to device developers and manufacturers.
Marine & Hydrokinetic Power Holds Promise
In many ways marine and hydrokinetic power systems offer one of the most promising areas for renewable energy development. Marine and hydrokinetic resources – including ocean waves, tidal streams, river flows, ocean currents, and ocean thermal differences – are abundant, the technology is improving rapidly, and countries that have strong marine resources, such as the United Kingdom, United States, Australia, South Korea, Spain, and Portugal, have committed to supporting the industry. Marine energy, however, still faces significant technology, policy, and financing challenges.