Marine Power Systems

 

Developing the WaveSub, a second generation device designed to address the challenges of extracting wave energy.

Marine Power Systems

MPS is developing renewable energy devices to exploit the immense marine energy resources that exist in our oceans across the globe. Its vision is to see affordable, reliable and scalable offshore energy farms built at sea to supply the demand for clean power. MPS’ WaveSub wave energy converter is an important step in the journey towards commercialisation. A 1:4 scale WaveSub prototype has been tested at sea and has validated the USPs of the technology. MPS is now in the process of the design, manufacture and testing of a full scale WaveSub.

Benefits for Wales

MPS’ 1:4 scale WaveSub project was part-funded by the European Regional Development Fund (ERDF) through the Welsh Government, with MPS receiving over £3 million in grant support which has largely been spent in Wales. MPS is supportive of creating a Welsh marine energy supply chain, with many of its suppliers for this operation and the full scale WaveSub being based in Wales and therefore feeding into the local economy. The WaveSub benefits from being able to be towed significant distances; MPS therefore see a significant opportunity for the manufacture and commercial rollout of devices from Wales. This will create a substantial export opportunity, with MPS establishing itself as a long-term sustainable business creating highly skilled jobs in a range of disciplines.