wave

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

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

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

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

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

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

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

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

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

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