January 11 (Renewables Now) - Wave Energy Scotland this week announced it has awarded GBP 7.7 million (USD 9.8m/EUR 8.5m) to two Scottish firms for building and testing innovative half-scale wave energy devices.
The companies that will benefit from the financing are Edinburgh-based Mocean Energy and AWS Ocean Energy from Inverness. They will use the money to build their machines and test them in real ocean conditions at the European Marine Energy Centre (EMEC) in Orkney.
Mocean Energy’s technology, called Blue Horizon, is a floating hinged structure. Compatriot AWS has developed a fully-submerged point absorber named the “Archimedes Waveswing.” They were selected by the Scottish government’s technology development body in a staged assessment process that took four years.
Tests are planned to be conducted in 2020 and, depending on the results, they could lead to the full-scale development of the two technologies, Wave Energy Scotland said. Since its establishment in 2014, the body has supported wave energy technologies and sub-systems with over GBP 30 million.
“The deployment of these two devices will represent a strategically important milestone for Scotland, demonstrating technical progress that will support the identification of the most cost-effective technologies and encouraging private sector investment in this emerging industry,” said Paul Wheelhouse, Minister for Energy, Connectivity and the Islands.
(GBP 1.0 = USD 1.275/EUR 1.106)