Secretary of State for Energy Security and Net Zero, Ed Miliband, has confirmed the budget for this year’s Contracts for Difference renewable energy auction is being increased by £500 million to over £1.5 billion – a record budget. The budget for this latest round,...
A Wales-centred industrial collaboration, led by Swansea-based Marine Power Systems, has been awarded nearly £1 million of innovation funding. The project is to develop the use of low CO2 steels from Tata Steel’s Port Talbot site to build platforms for floating...
The Crown Estate has established a new £50million Supply Chain Accelerator fund, to develop the offshore wind industry’s domestic supply chain. The Accelerator will provide matched funding to UK supply chain projects, ranging between £250k and £1million per project,...
Marine Power Systems are raising investment on Crowdcube to target a market they estimate will be worth £114bn by 2035. The funds they raise will support the expanding team, grow the customer pipeline, and support the roll out of further pre-commercial projects....
The First Minister of Wales addressed more than 500 delegates at the Marine Energy Wales Conference in Swansea today, outlining the Welsh Government’s ‘huge commitment’ to the offshore renewable energy sector. Speaking about the next steps for the Tidal Lagoon...
Scottish tidal stream energy company, Nova Innovation, has announced it has had to take the difficult decision to pull out of one of their flagship Welsh tidal projects in North Wales. The Enlli (Bardsey Island) project aimed to make the remote island the world’s...
