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Scotland issues £7m wave call

31 March 2015
 
Wave Energy Scotland has issued its first innovation call with up to £7m on offer for power take-off systems technology. Successful applicants will be eligible for contracts that cover up to 100% of the cost of their technology development project and contracts will range from £100,000 to £4m, depending on the maturity of the technology. The PTO system competitive call is the first of five calls to be run over the next year with support from the Carbon Trust, the Offshore Renewable Energy Catapult and the University of Edinburgh. Wave Energy Scotland interim director Tim Hurst said: “Wave Energy Scotland is now open for business and we encourage anyone with a best in class solution for PTO systems to submit their ideas.” Wave Energy Scotland’s objective is to put wave energy technology developed in the country on the path towards a reliable, commercial product that generates electricity at no more than £150/MWh. Overseen by Highlands & Islands Enterprise, Wave Energy Scotland has a £14.3m budget until March 2016.
 
 
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