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Tidal Energy Generation Systems Market to grow by USD 0.47 million from 2024-2028, driven by rising demand for renewable electricity and AI-powered market evolution- Technavio

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NEW YORK, Oct. 25, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The Global Tidal Energy Generation Systems Market  size is estimated to grow by USD 0.47 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  16.61%  during the forecast period. Growing demand for electricity from renewable energy sources is driving market growth, with a trend towards integration of AI and ML into tidal energy generation systems. However, high cost of manufacture and maintenance for tidal energy generation systems  poses a challenge.Key market players include ABB Ltd., Andritz AG, BioPower Systems Pty Ltd., Blue Energy Canada Inc., Bluewater Energy Services BV, DP Energy, HydroWing, Instream Energy Systems Corp., Nova Innovation Ltd., Ocean Renewable Power Co. Inc., Orbital Marine Power Ltd, Proteus Marine Renewables, QED Naval Limited, SABELLA SA, Simec Atlantis Energy Ltd., Seabased, SeaQurrent, and Verdant Power Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Tidal range devices, Dynamic tidal power, Tidal stream systems, and Others), Application (Utility-scale projects, Microgrid systems, and Off-grid systems), and Geography (Europe, APAC, North America, Middle East and Africa, and South America)

Region Covered

Europe, APAC, North America, Middle East and Africa, and South America

Key companies profiled

ABB Ltd., Andritz AG, BioPower Systems Pty Ltd., Blue Energy Canada Inc., Bluewater Energy Services BV, DP Energy, HydroWing, Instream Energy Systems Corp., Nova Innovation Ltd., Ocean Renewable Power Co. Inc., Orbital Marine Power Ltd, Proteus Marine Renewables, QED Naval Limited, SABELLA SA, Simec Atlantis Energy Ltd., Seabased, SeaQurrent, and Verdant Power Inc.

Key Market Trends Fueling Growth

The integration of artificial intelligence (AI) and machine learning (ML) into tidal energy generation systems is revolutionizing the global tidal energy market. AI and ML technologies are used to enhance the efficiency, reliability, and performance of tidal energy devices. In operation and maintenance, AI algorithms analyze operational data to identify patterns, predict equipment failures, and enable proactive maintenance, reducing downtime and improving reliability. ML techniques develop predictive maintenance models for timely interventions and cost savings. AI-driven control systems optimize power output and equipment longevity by processing real-time data on tidal patterns, current speeds, and device behavior. AI and ML are also used for resource assessment and site selection, identifying optimal locations and predicting power generation potential. Additionally, AI-powered optimization algorithms enhance grid integration by forecasting tidal energy production, managing grid stability, and optimizing energy trading. These advancements are expected to boost tidal energy adoption and market growth.

Tidal energy generation systems are gaining popularity as a renewable power source, harnessing the kinetic energy from tidal currents and tidal lagoons. Two main types exist: tidal barrages using vertical and axial turbines, and tidal stream systems with horizontal axis and vertical axis turbines, plus tidal kites. Orbital Marine Power leads the way with dynamic tidal power. Tidal energy is a valuable addition to renewable energy sources like solar and wind, addressing electricity demand during peak hours and providing base load power. It also offers potential for desalination and reducing greenhouse gas emissions, contributing to energy security and sustainable energy. Ocean energy technologies, including wave energy converters, are complementary, expanding the renewable energy mix and reducing reliance on fossil fuels. Climate change mitigation and carbon emissions reduction are key benefits.

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Market Challenges

The tidal energy generation market faces significant challenges due to the high cost of manufacturing and maintaining tidal energy systems. Tidal energy, as a renewable and sustainable power source, utilizes the kinetic energy of ocean tides to generate electricity. However, the complex design and engineering needed to build systems capable of withstanding harsh marine conditions and efficiently converting tidal forces into electricity drive up manufacturing expenses. The development of infrastructure, including tidal turbines, support structures, electrical components, and grid connections, necessitates specialized materials, technology, and expertise, all contributing to increased manufacturing costs. The need for durable, corrosion-resistant materials, reliable equipment, and advanced control systems further amplifies costs, making it difficult for new players to enter the tidal energy sector. Moreover, the challenging operating conditions in marine environments necessitate regular monitoring, servicing, and repair activities to ensure optimal performance and longevity. Maintenance in offshore and subsea settings requires specialized vessels, equipment, and skilled personnel, adding to the overall operating costs of tidal energy projects. The remote location and logistical complexities of many tidal energy sites escalate maintenance expenses and operational downtime, negatively impacting the cost-effectiveness and reliability of tidal energy generation systems. These factors hinder the widespread adoption and scalability of tidal energy generation systems in the market, posing a significant challenge to the growth of the global tidal energy generation systems market during the forecast period.Tidal energy generation systems tap into the kinetic energy of tidal currents and tidal lagoons, converting it into electricity. Technologies include tidal barrages, horizontal axis turbines, and vertical axis turbines. Challenges include the high capital costs of tidal barrages and the complexity of horizontal and vertical axis turbines. Emerging solutions like tidal kites and dynamic tidal power show promise. Companies like Orbital Marine Power lead the way in tidal power innovation. Renewable energy sources, including tidal energy, are crucial for meeting growing electricity demand and reducing reliance on fossil fuels. Tidal energy can also contribute to desalination and climate change mitigation by providing sustainable energy and reducing greenhouse gas emissions. Ocean energy technologies, including wave energy converters and tidal energy, offer diverse solutions for a carbon-neutral future.

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Segment Overview

This tidal energy generation systems market report extensively covers market segmentation by

Type 1.1 Tidal range devices1.2 Dynamic tidal power1.3 Tidal stream systems1.4 OthersApplication 2.1 Utility-scale projects2.2 Microgrid systems2.3 Off-grid systemsGeography 3.1 Europe3.2 APAC3.3 North America3.4 Middle East and Africa3.5 South America

1.1 Tidal range devices-  Tidal energy generation systems convert the power of ocean waves into electricity. These systems consist of turbines placed underwater that rotate when hit by tidal currents. Companies like Siemens Gamesa and Andritz Hydro are key players in this market, supplying turbines and turnkey solutions. The global tidal energy market is expected to grow significantly due to increasing demand for renewable energy sources and technological advancements. Government incentives and partnerships also boost the industry’s growth.

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Research Analysis

Tidal energy and wave energy are forms of ocean energy that harness the power of the tides and ocean waves to generate electricity. Renewable energy sources, including tidal energy, are becoming increasingly important in the global energy landscape as the world transitions away from fossil fuels to reduce greenhouse gas emissions and mitigate climate change. Tidal energy generation systems utilize various technologies such as tidal barrages, horizontal axis turbines, vertical axis turbines, tidal kites, and dynamic tidal power to convert the kinetic energy of tidal currents into electricity. Tidal power can also be used for desalination, providing sustainable water sources in arid regions. The market for tidal energy generation systems is expected to grow significantly due to the increasing demand for sustainable energy, energy security, and the need to reduce carbon emissions. Technologies like axial turbines, crossflow turbines, and tidal lagoons are also gaining popularity in the tidal energy sector. Companies are investing heavily in research and development to improve the efficiency and cost-effectiveness of tidal energy generation systems. Ocean energy, including tidal and wave energy, is a promising source of renewable energy that can contribute significantly to a sustainable and low-carbon future.

Market Research Overview

Tidal energy, a form of ocean energy, is a promising renewable power generation system that converts the kinetic energy of tidal currents into electricity. This sustainable energy source is gaining popularity as a viable alternative to fossil fuels in the context of climate change and increasing greenhouse gas emissions. Wave energy, another ocean energy source, is also making strides in the power generation sector. Together, wave and tidal energy are part of the larger category of ocean energy technologies, which include tidal barrages, wave energy converters, and various types of turbines such as horizontal axis, vertical axis, axial, and crossflow. These systems have the potential to provide electricity for desalination and contribute to energy security, reducing carbon emissions and meeting growing electricity demand. Tidal currents, a constant and predictable energy source, offer dynamic tidal power that can be harnessed through various methods, including tidal lagoons and tidal kites. Orbital Marine Power, a leading company in tidal stream technology, is developing innovative solutions to maximize the potential of tidal energy. The renewable energy sources of tidal and wave energy are set to play a significant role in the future of power generation.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeTidal Range DevicesDynamic Tidal PowerTidal Stream SystemsOthersApplicationUtility-scale ProjectsMicrogrid SystemsOff-grid SystemsGeographyEuropeAPACNorth AmericaMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Yiren Digital Accelerates Operating Efficiency Through AI Agent Deployment

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Broader AI adoption improves productivity across asset recovery and enterprise operations

BEIJING, July 23, 2026 /PRNewswire/ — Yiren Digital Ltd. (NYSE: YRD) (“Yiren Digital” or the “Company”), a leading company specializing in financial technology and artificial intelligence innovation across multiple industries in China and global markets, today announced measurable operating efficiency improvements as it continues to deploy AI agents across core enterprise workflows. Broader AI adoption is reducing manual intervention, increasing workforce productivity and creating greater operating leverage by automating high-volume processes across multiple business functions.

These deployments are a key component of Yiren Digital’s “All-in-AI” strategy and its broader transition from AI-assisted productivity toward agent-driven execution. By embedding AI agents into core workflows, the Company is creating reusable operating capabilities that can be deployed across its businesses, supporting greater efficiency and reducing the cost of extending automation into new functions.

“Our objective is not simply to automate individual tasks, but to fundamentally improve how work is performed across the enterprise,” said Mr. Ning Tang, Chairman and Chief Executive Officer of Yiren Digital. “As AI agents take on more of our high-volume, demanding workflows, the productivity gains are becoming a structural part of how we run the business, not a one-time efficiency project. We will continue to deepen AI integration across our existing businesses while extending reusable capabilities into additional verticals.”

The AI deployments are supported by the Company’s proprietary enterprise AI architecture, including MagiCube 2.0, its upgraded multi-agent platform. The platform provides common infrastructure for agents deployed across marketing, customer service, capital operations, risk management, compliance and research and development, with more than 10 reusable foundational capabilities, supporting enterprise-wide execution.

Measurable Operating Impact

Lower manual intervention: The human handling rate in asset-recovery operations decreased from 45.0% to 24.9%, representing a 20.1-percentage-point decline, an approximately 44.6% relative reduction in manual intervention.

Higher staff productivity: The number of service tickets handled per asset-recovery staff member within the applicable Month 1 workflow increased from 358 to 525, an improvement of approximately 47%.

Expanded agent adoption: AI agents accounted for 81% of service tickets within eligible Day 1 asset-recovery workflows in 2025, up from 50% in 2024. The Company also deployed AI agents selectively in later-stage workflows, accounting for 20% of eligible service tickets at Day 4, 14% at Day 16 and 20% at Month 2. Each percentage is calculated separately for the relevant stage and should not be interpreted as a sequential adoption trend.

Enterprise-wide reuse: MagiCube 2.0 supports agent deployment across six enterprise functions, allowing the Company to apply common AI capabilities to a broader range of regulated and high-volume workflows.

Enterprise-scale AI execution: The Fengchao AI voice agent processes approximately 1,500 hours of real-time speech-to-text activity each day. The LingShu intelligent marketing platform executes more than 1,700 tasks daily and generates individualized communication content in an average of 0.6 seconds.

Building Enterprise Operating Leverage Through AI

As AI deployment expands across the enterprise, Yiren Digital is increasingly shifting repetitive, high-volume tasks from human-assisted processes toward agent-driven execution. By combining AI agents with centralized orchestration and governance, the Company is improving operating consistency, strengthening workforce productivity and creating reusable capabilities that increase operating leverage as AI is deployed across additional business functions.

Yiren Digital plans to continue expanding agent-driven workflows across its credit and insurance operations, as part of its ongoing All-in-AI strategy, while strengthening the shared architecture and governance that support enterprise-wide AI deployment. These capabilities are designed to scale across multiple use cases and provide a foundation for the Company’s broader expansion into AI application-layer opportunities, including AI entertainment and AI-assisted language learning.

About Yiren Digital

Yiren Digital Ltd. is a leading company specializing in financial technology and artificial intelligence innovation across multiple industries in China and global markets. The Company leverages advanced artificial intelligence and emerging technologies to enhance customer experience, optimize capital efficiency, and expand financial inclusion. Following the regulatory filing of its in-house developed Large Language Model Zhiyu, and the significant enhancement of its MagiCube Agent platform, Yiren Digital is establishing a new growth engine to accelerate its evolution into an AI-native, multi-industry operating platform extending beyond traditional financial services. For more information, please visit https://ir.yiren.com.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “aim,” “anticipate,” “believe,” “estimate,” “expect,” “hope,” “going forward,” “intend,” “ought to,” “plan,” “project,” “potential,” “seek,” “may,” “might,” “can,” “could,” “will,” “would,” “shall,” “should,” “is likely to” and the negative form of these words and other similar expressions. This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “target,” “confident,” and similar expressions. Forward-looking statements are based on management’s current expectations, assumptions, and assessments of current market and operating conditions. These statements involve inherent risks, uncertainties, and other factors, many of which are outside the control of the Company, and which could cause actual results to differ materially from those expressed or implied in such statements. Actual results may differ materially from those expressed or implied in forward-looking statements due to a variety of factors and other risks described in the Company’s filings with the U.S. Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release. The Company undertakes no, and expressly disclaims any, obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required under applicable law.

View original content:https://www.prnewswire.com/news-releases/yiren-digital-accelerates-operating-efficiency-through-ai-agent-deployment-302833201.html

SOURCE Yiren Digital Ltd.

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Infinium Edge Launches EdgeSites™, a New Infrastructure Model for Deploying AI Compute at Existing Commercial and Industrial Facilities

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EdgeSites delivers operational AI infrastructure in existing powered buildings — factory-built data center modules, waterless cooling, and ready in months without new construction or grid interconnection required.

SACRAMENTO, Calif., July 23, 2026 /PRNewswire/ — Infinium Edge™ today announced Infinium EdgeSites™, a development program that utilizes existing commercial and industrial facilities to deploy operational AI compute infrastructure. Built around Infinium Edge’s proprietary Edge Thermal Vectoring™ immersion cooling platform, EdgeSites enables high-density GPU deployments in existing buildings that were never designed as data centers — without new construction, without cooling water infrastructure, and without the multi-year grid interconnection timelines that constrain conventional large-scale data center development.

More than 20 million commercial and industrial electricity customers in the US are served by electrical infrastructure sized to peak demand – which industry research shows are utilized at only 40-60% on average. That unused headroom, capacity already contracted, energized, and sitting behind the meter, can support high-density AI compute without adding new load to the grid or waiting on a new interconnection.

At the center of the program is the Vector ONE™ — Edge’s factory-built, self-contained immersion cooling system designed to house 1 MW of AI compute capacity. Vector ONE units are engineered for deployment in standard commercial and industrial buildings, either indoors or outdoors, arriving pre-integrated, fully commissioned and require no municipal water connection. Installations are modular and scalable: additional units can be commissioned as site power and demand allow, without rebuilding the underlying infrastructure and occupy up to 70% less floor space than air-cooled equivalents.

Built for the Shift to Inference

As inference moves to displace training as the dominant AI workload, the growth opportunity is shifting towards small, distributed data centers that can be deployed quickly and sited where demand originates. Conventional data center developments are under compounding pressure from long utility interconnection queues, sometimes lasting years, pressure around water use, and general community and regulatory opposition enacting restrictions. Community opposition and regulatory friction delayed or blocked an estimated $156 billion in planned U.S. data center capacity in 2025 alone.

EdgeSites is purpose-built for the structural shift to inference and addresses key issues stalling conventional data center developments today. Each Vector ONE unit delivers 1 MW of inference-ready capacity inside an existing building, in a market that already has established electrical infrastructure, in a timeline measured in months rather than years. Multiple units can be used in tandem to deploy up to 10 MW of capacity at a single site.  The program converts the distributed inventory of underutilized industrial or commercial electrical capacity in the United States into a nationally scaled inference network. Vector ONE’s dry-cooler loop consumes no municipal water, making EdgeSites viable in markets where evaporative cooling has been restricted or banned.

“The data center industry has been answering an infrastructure shortage with a construction playbook — build new facilities, secure new grid connections, wait years for capacity to come online,” said Robert Schuetzle, CEO of Infinium. “That model cannot keep pace with AI deployment timelines. Infinium EdgeSites operate around different premises: the power already exists, the buildings already exist, and the technology now exists to put them to work. We are making operational what the industry has been treating as stranded.”

Deploying EdgeSites

As demand for AI compute continues to outpace available infrastructure and focuses on distributed inference needs, Infinium Edge is expanding the EdgeSites network with qualified host locations and compute partners.

Commercial and industrial property owners of industrial sites, distribution centers, warehouses, or large commercial properties with available electrical capacity benefit from receiving lease income from infrastructure they already own or control. Infinium Edge manages all aspects of site development and operations for installing and deploying the Vector ONE system. No capital investment or operational responsibility is required from the host.

AI companies, enterprises, and compute operators requiring infrastructure on compressed deployment timelines can access high-density, edge-proximate GPU capacity through a straightforward capacity agreement, priced by the kilowatt-month, with backup power included in the capacity fee. There is no construction to manage, no permitting process to navigate, and no cooling infrastructure to operate or maintain.

Infinium Edge manages the full program from development and installation to operation and monitoring— simplifying development and data center management for AI companies and enterprises.

Reach out to learn more and partner in EdgeSites deployments.

Inquiries: www.infinium.ai/edgesites

About Infinium Edge™
Infinium Edge™ is the advanced AI data center infrastructure platform from Infinium, delivering high-density, sustainable compute through proprietary single-phase immersion cooling technology. Infinium Edge is the only North American producer of Fischer-Tropsch immersion fluids and offers a full-stack platform — including Edge Thermal Vectoring™ platform, Vector ONE™ modular AI Factory units, ETV100 immersion fluids, and integrated monitoring systems — engineered for the thermal and operational demands of AI and high-performance computing at scale. For more information, visit www.infinium.ai.

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SOURCE Infinium

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ChipMOS SCHEDULES SECOND QUARTER 2026 FINANCIAL RESULTS SEMIANNUAL CONFERENCE CALL

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HSINCHU, July 23, 2026 /PRNewswire-FirstCall/ — ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services (“OSAT”), today announced that it will report second quarter 2026 results and host a semiannual conference call after the close of trading on the Taiwan Stock Exchange on Tuesday, August 11, 2026.

Investors and analysts are encouraged to participate in the semiannual conference call using the dial-in phone number noted below. A webcast and replay will be available on the Company’s website.

Date: Tuesday, August 11, 2026
Time: 3:00PM Taiwan (3:00AM New York)
Dial-In: +886-2-3396 1191
Password: 1637011 #

Semiannual Conference Call Webcast and Replay: https://www.chipmos.com/chinese/ir/info2.aspx
Replay: Starts Approximately 2 hours after the live call ends

Language: Mandarin

Note: A transcript will be provided on the Company’s website in English following the semiannual conference call to help ensure transparency, and to facilitate a better understanding of the Company’s financial results and operating environment.

About ChipMOS TECHNOLOGIES INC.:
ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS) (www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS is known for its track record of excellence and history of innovation. The Company provides end-to-end assembly and test services to leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries serving virtually all end markets worldwide.

Forward-Looking Statements:
This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes,’ ‘expects,’ ‘anticipates,’ ‘projects,’ ‘intends,’ ‘should,’ ‘seeks,’ ‘estimates,’ ‘future’ or similar expressions or by discussion of, among other things, strategies, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding current macroeconomic conditions, including the impacts of high inflation, foreign exchange rates and risk of recession, on demand for our products, consumer confidence and financial markets generally; changes in trade regulations, policies, and agreements and the imposition of tariffs that affect our products or operations, including potential new tariffs that may be imposed and our ability to mitigate with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, based on a number of important factors and risks, which are more specifically identified in the Company’s most recent U.S. Securities and Exchange Commission (the “SEC”) filings. Further information regarding these risks, uncertainties and other factors are included in the Company’s most recent Annual Report on Form 20-F filed with the SEC and in its other filings with the SEC.

Contacts:

In Taiwan

Jesse Huang

ChipMOS TECHNOLOGIES INC.

+886-6-5052388 ext. 7715

IR@chipmos.com

In the U.S.

David Pasquale

Global IR Partners

+1-914-337-8801

dpasquale@globalirpartners.com

 

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SOURCE ChipMOS TECHNOLOGIES INC.

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