Three Marine Energy Projects Get WATERS Funding

Scotland’s marine energy sector has benefited from WATERS funding of almost £3.7million to further test and develop new marine energy prototypes in the seas around Scotland.

Awards have been made to three companies – Albatern, Nova Innovation and Sustainable Marine Energy – to support total project costs of £7million for the development of new wave & tidal energy devices.

This is the third round from the remaining competitive funding from the initial WATERS fund, which was developed in conjunction with Scottish Government and Highlands and Islands Enterprise.

It follows the success of the first two rounds of WATERS where six marine energy developers benefitted from £7.1m of WATERS funding towards total project costs of £15 million to further develop testing of new marine energy prototypes.

Welcoming the announcement Energy Minister Fergus Ewing said: “WATERS is designed to foster a culture of innovation and research and development and I am very pleased that as well as supporting two Scottish ocean power companies [Albatern and Nova Innovation], we are assisting a third from the Isle of Wight [Sustainable Marine Energy] to set up a production hub in Scotland. I am determined that we make the most of the clean, secure and abundant energy stored in the waters around our coasts and these three companies are developing pioneering technologies to help us do that.”

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