Chubu Electric Power and Kawasaki Kisen Kaisha have partnered with Ireland's DP Energy for the Uisce Tapa Tidal Energy project in Nova Scotia, Canada.
Marine robotics company, Ocean Infinity, has acquired UK marine geotechnics company, Geowynd.
CorPower has constructed a 45-tonne moving mass system, a test rig capable of simulating ocean wave conditions anywhere in the world.
Nova Innovation has been awarded a £2 million cash injection from the Scottish Government to advance tidal turbine manufacturing to a global level.
Orbital Marine Power's O2, touted as being the world's most powerful tidal turbine, has commenced grid connected power generation at the European Marine Energy Centre in Orkney.
A total of $27 million in federal funding has been announced by the US Department of Energy (DoE) to advance research and development of wave energy technologies in the US.