• MySTV

Wave power companies in funding boost

Marine energy firms in Edinburgh and Glasgow win share of £22million of grants to develop projects.

Pelamis: Funding for wave energy firms

Three Scots renewable energy firms have won funding for their wave power projects.

Edinburgh-based Aquamarine Power and Pelamis Wave Power, along with Glasgow-based Hammerfest Strom UK, will receive the grants.

The Carbon Trust chose a total of six of the most promising technologies which will be supported with £22million of new funding.

The funding aims to speed up the use of full scale prototypes of the leading designs at sea.

It will enable the mass scale deployment of marine energy and boost the industry across the UK by 2020, said the Carbon Trust.

The trust said wave power is behind other forms of renewable energy but believes that this could be dramatically reduced over the next ten years.

Tom Delay, chief executive of the Carbon Trust, said: "The UK must urgently diversify, decarbonise and secure its energy sources and marine energy could over time provide up to 20% of the UK's electricity.

"Generating electricity from the UK's powerful wave and tidal resource - much of which is found off Scotland's shores - not only plays a crucial role in meeting our climate change targets but also presents a significant economic opportunity for the UK.

"Wave alone presents a £2billion economic opportunity for the UK. The demonstration of full scale devices at sea is central to realising the full potential of marine energy."

Mr Delay believes by introducing the first commercial projects will help attract private sector investment in the future.

He added: "This is the start of a major new industry that will generate jobs and wealth in Scotland and across the UK."

Energy Minister Jim Mather welcomed the funding announcement which he said shows confidence in Scotland's ability on marine energy.

He said: "The announcement is a massive vote of confidence in Scotland and another step to becoming a world leader in marine renewables.

"I am delighted to see Scottish developers command such a huge slice of this fund, both through Scottish companies Pelamis and Aquamarine, and Hammerfest Strom which is based in Scotland.

"Our continuing support for the world class facilities at the European Marine Energy Centre in Orkney means the Centre will host five of the UK's six successful schemes, bringing jobs and investment to our emerging marine energy industry.

"We are working on details of a new Scottish scheme to further support marine energy and activity in Scottish waters, and the details will be announced in due course."

Carbon Trust said research shows that 25% of the world's wave and tidal technologies are being developed in the UK, with a number of potentially world-leading companies based in Scotland.

Martin McAdam, chief executive officer of Aquamarine Power, said: "We'd like to thank the Carbon Trust and DECC for this funding and their contribution to the marine energy industry in the UK.

"This funding is just one of a whole raft of ways that they have supported Aquamarine at various stages in the growth of our business."

Max Carcas, business development Director of Pelamis Wave Power, welcomed the funding to help with their Pelamis P2 machine.

He said: "The P2 encompasses both our real at-sea operating experience with the first generation of machines, and a number of major technical innovations to improve manufacturability and enhance economic performance.

"The funding allocated will both accelerate deployment of the first P2 machine in Orkney this year, and increase the scope and pace of trials through to March 2011."

One account. All of STV.

This field is required. That doesn't look like a valid e-mail format, please check. That e-mail's already in our system. Please try again.
Forgot password?
This field is required. At least 6 characters please. Did you enter your details correctly?
If you've forgotten your details then use the 'Forgot password?' link.
Need to reset your password?

We'll send a link to reset your password to

We've sent you details on how to reset your password

Please check your email and follow the instructions.

Forgotten your email address?

Have you forgotten the email address that you previously joined with? Don't worry, by emailing enquiries@stv.tv we can help.

One account. All of STV.

This field is required. Please enter at least 2 characters
This field is required. Please enter at least 2 characters
At least 6 characters please
This field is required. At least 6 characters please.
You have to be 16 or over to join
This field is required. This doesn't appear to be a valid date
Type your full postcode and select your address This field is required. It doesn't look like you've entered a valid postcode. Can't find your address? Confirm the details you've given us are correct by clicking here

By continuing you agree to our Terms of Use, including our Privacy Policy and Cookie Policy. Any issues contact us.

Upload Profile Picture

Please make sure your image is under 2mb in size and a valid JPG, PNG or GIF.

Are you sure?

Unfortunately, you'll be unable to access our premium content. We’ll be sorry to see you go, but if you change your mind you can rejoin us at any time.

Please verify your STV account

Please verify your STV account using the email we sent you. If you have lost the email, we can send you another one, just click the button below.


We've sent you a new verification email.
Please check your email and follow the instructions to verify your account.

Welcome to STV
Thanks for joining us.


Sorry, you must be at least 12 years old to place a vote for your Real Hero.

Please review our Voting Terms of Use for more information.


Sorry! It seems that you are using a browser that is incompatible with our voting service.

To register your vote please copy the below URL in to your regular mobile browser. We recommend Google Chrome, or Safari.



Sorry, you seem to have already voted in this category.

Thanks for voting

Now share your vote with friends on your social network

Share on twitter Share on facebook

Cast your vote

Please register or sign in to continue.

Cast your vote

This field is required. This doesn't appear to be a valid date

Cast your vote

Please fill out this form to cast your vote. As you are under 16 years old you will not create an STV account. Why do we need these details?

This field is required. Please enter at least 2 characters
This field is required. Please enter at least 2 characters
This field is required. That doesn't look like a valid e-mail format, please check.
Location This field is required.
Parental Consent This field is required.

That's you. All that's left is to click the 'Submit Vote' button below. By doing so, you confirm that you and your parent or guardian have read and accept our Voting Terms of Use, Privacy Policy and Cookie policy, and that the details you have entered are correct. We'll look after them as carefully as if they were our own.