● The Welsh Government has invested £8 million (around $9,9 million) as an equity stake in the Morlais tidal energy project off the coast of Anglesey, set to be the largest tidal scheme in Europe, to support its expansion and strengthen grid connections. Operation set to begin in 2026.
● In February 2025 UK-based tidal energy company Proteus Marine Renewables (PMR) installed a 1.1MW tidal power turbine in the Naru Strait, Japan, making it “the first to operate such devices in two countries”.
● In April 2025, tidal energy developer Normandie Hydroliennes’ NH1 tidal energy project has been awarded €31.3 million in funding from the European Union’s 2023 Innovation Fund. The project will install four Proteus Marine Renewables’ AR3000 horizontal-axis turbines in Normandy, delivering 34 GWh annually to the French grid by 2028, enough to power 15,000 homes.
● In December 2024, the MeyGen tidal energy project, developed by SIMEC Atlantis Energy, achieved a full operational capacity of 6 MW with the deployment of its fourth turbine. Edinburgh-based sustainable energy projects company SAE, which stands behind the project, confirmed that all four turbines are fully operational, marking the first time the tidal stream site delivered maximum power. Since its initial deployment in 2016, the MeyGen project has undergone continuous upgrades to enhance system efficiency and reduce costs, according to SAE.
● In March 2024, the SHINES project (Showcasing Hydrokinetic energy Innovations for Northwest European Energy Sovereignty) has launched, bringing together 14 partners from France, Ireland, Belgium, the Netherlands, Switzerland, and Germany to scale up tidal and river energy deployment. With €10 million in funding, 60% covered by the European Regional Development Fund (ERDF), the project will run from January 2025 to December 2028 under the leadership of the OPEN-C Foundation. According to Inyanga Marine Energy Group, North-West Europe (NWE) has potential for tidal and river energy, with suitable locations including gulfs, straits, inlets, islands, and major rivers.
● Porpoise Power, a tidal energy spin-out from the University of Oxford, has exited stealth with a £1.2 million (approximately $1.58M) pre-seed round led by Zero Carbon Capital (ZCC), alongside Creator Fund and Oxford Science Enterprises (OSE).
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