Abundance closes £7m wave of investment for Orbital Marine Power

Around 2,300 investors provided an average of £3,000 each

Ocean wave
Two Scottish energy firms hit by £7.7m wave of new funding

Inverness-based AWS Ocean Energy and Edinburgh’s Mocean Energy have received the financing from Wave Energy Scotland

Minesto enters planning phase with Welsh Government

The move marks the start of the second stage of securing public funding for its tidal technology

Wave and tidal firms team up in €2.3m project to cut costs

They are developing an innovative anchor and mooring system for marine energy turbines

Two-thirds of Scots in rural areas back onshore wind

Both solar power as well as wave and tidal also received backing from 83% of people

CorPower’s marine tech successfully tested in real sea conditions

This makes it the first device supported by Wave Energy Scotland to do so

EU provides Minesto with €50k wave of funding

The money will be spent on feasibility testing for the firm’s tidal energy technology

UK exported wind and marine energy products to 44 countries last year

The 434 contracts signed were worth up to £7.5m each

Scotland’s wave energy body joins €8m tidal testing project

DTOcean+ is an initiative to develop software to help technology companies trial wave and tidal energy concepts

Marine Hub Cornwall-Marine Energy Wales ink new deal

They will collaborate on areas of common interest and share knowledge and expertise