Checkmate Seaenergy, the developers of a unique wave technology, have appointed financial advisers Brewin Dolphin. The deal is aimed to aid the development of their patented technology, the ‘Anaconda’.

The Anaconda Wave Energy Converter is designed to harness wave energy. Made entirely of rubber, the system sits just under the surface of the sea and, through the rise and fall of the sea’s waves, drives a turbine to generate electricity.

Des Crampton, Chief Executive of Checkmate Seaenergy Ltd, said: “We believe Anaconda will offer a cost-effective means to capture the enormous amount of energy available globally in offshore waters and can play an important part in achieving the UK’s climate change target of at least 15 per cent of energy generation to come from renewable sources by 2020.”

The patented Anaconda wave system claims it can be deployed globally with potential sites identified in the UK, Europe, Canada, United States, Australia, New Zealand, South Africa and South America.