Two UK Companies Get GBP 20 Mln Marine Power Boost

Two UK Companies Get GBP 20 Mln Marine Power Boost

Two British companies have been awarded a share of £20 million to help drive forward growth in the UK’s marine energy industry. MeyGen Ltd and Sea Generation Wales Ltd have both won funding under the government’s Marine Energy Array Demonstrator scheme (MEAD), launched in April last year, to support the development and testing of pre-commercial marine devices in array formations out at sea.

Marine energy has huge potential as a clean green source of power and could provide up to 20% of current UK electricity demand by 2050, as well as help cut carbon emissions and support thousands of UK jobs. More investment is needed however to enable further testing of devices and drive the sector towards commercialisation, and that’s what the MEAD scheme is designed to do.

Energy and Climate Change Minister Greg Barker said:

This £20 million will give MeyGen and SeaGeneration Wales the boost they need to leap to the next level and test their innovative turbines in formations out at sea.

“These projects will provide valuable insight into how best to harness the power of the sea and take us one vital step closer to realising the full potential of marine in our future energy mix.

“The UK, with its amazing natural resource and outstanding technical know-how is already leading the way on marine power for the rest of the world to follow, and I want to ensure we stay top of this table. I am delighted that MeyGen and SeaGeneration Wales are rising to the challenge and wish them every success.”

CEO of MeyGen Ltd Dan Pearson said:

“We are delighted to be awarded this prestigious capital grant following a thorough assessment process, and we applaud DECC for its continued support of the Marine Energy sector. The grant is a ringing endorsement of our project and will be used across all construction aspects of delivering the Demonstration Phase.”

CEO of Siemens Energy Hydro & Ocean Unit Achim Wörner said:

“We are very pleased that the Skerries project being developed by Sea Generation Wales Ltd has been selected for the £10M Marine Energy Array Demonstration award.

“The Skerries project located in Anglesey, Wales, will be one of the first arrays deployed using the Siemens owned Marine Current Turbines SeaGen S tidal turbines. The marine consent for the project was recently awarded, the first tidal array to be consented in Wales. The 10MW array will be fully operational in 2015.”

The two projects were chosen after a UK wide open competition launched in April 2012. Bids were judged on a range of criteria including the ability to generate a minimum of 7GWh per year and the use of at least three generating devices, previously demonstrated at full scale in sea conditions. Projects will be up and running by the end of March 2016.

Press Release, February 28, 2013