Vattenfall has announced plans for a joint venture with Pelamis Wave Power to develop a marine energy farm near the Shetland Islands in the eastern Atlantic .

Hydro Alternative Energy Inc. (HAE) has acquired Water Power Technologies LLC (WPT), giving it the licensing rights to patent-pending technology.

Proponents of wave and tidal power have compared the state of this area of the renewable energy sector with the early days of wind power. The technology has great potential but still must prove itself before it can be widely deployed.

Atlantis Resources Corp. has selected the waters off Scotland’s Orkney Islands as the proving ground for the world’s biggest tidal turbine.

Hydro Green Energy LLC won honorable mention in the renewable/sustainable category of Power Engineering magazine’s annual Projects of the Year Awards.

Ocean Power Technologies, Inc. has chosen Oregon Iron Works to construct its first commercial wave energy PowerBuoy system in North America.

Queen’s University Belfast announced the launch of the Oyster wave energy converter, the world’s largest working wave-energy system, in Scotland’s Orkney Islands.

Seattle-based HydroVolts, a developer of in-stream hydrokinetic turbines, won the National Sustainability Award at this year’s Cleantech Open (CTO), a business competition for startup companies specializing in clean technologies.

Ocean Power Technologies (OPT) received a A$66.5 million (US$61 million) grant from the Australian government to build a 19-MW wave power project off the coast of Victoria, Australia.

Nova Scotia Power and its tidal technology partner OpenHydro have successfully deployed the first commercial scale in-stream tidal turbine in the Bay of Fundy.

Ocean Power Technologies Inc. (OPT) has appointed Angus Norman chief executive of Ocean Power Technologies Ltd.

The United Kingdom’s Energy Technologies Institute (ETI) has approved a US$12 million (8 million euros) project that promises to unlock the UK’s marine energy potential.

SeaGen, a commercial-scale tidal turbine off the coast of Northern Ireland, is generating more power than originally expected, said Marine Current Turbines, SeaGen’s owner.

Federal lawmakers are being praised for allocating $50 million to the development and deployment of marine and hydrokinetic energy technologies.

Swedish power utility Vattenfall and Irish wave-energy developer Wavebob have formed a joint venture to build a commercial-scale wave-energy project off the west coast of Ireland.