AW Energy bags €10m EIB loan.

AW Energy bags €10m EIB loan.

Finnish wave developer AW Energy has secured a €10m loan from the European Investment Bank to accelerate the commercialisation of its WaveRoller technology. EU commissioner for research, science and innovation Carlos Moedas, EIB vice president Jan Vapaavuori and CEO of AW Energy John Liljelund signed the €10m agreement in Brussels today. AW Energy is about to […]

European Commission awards €3.9 million (£3.1 m) to support tidal energy.

European Commission awards €3.9 million (£3.1 m) to support tidal energy.

The European Commission has awarded just over €3.9 million (£3.1 m) to support tidal energy testing and demonstration in Orkney waters. Awarded under the Fast Track to Innovation (FTI) scheme, the funding is split between two projects – the InToTidal project and Ocean 2G. Led by Tocardo, the InToTidal project will demonstrate integrated deployment solutions […]