Wave and tidal turbine funding
Businesses with new wave and tidal turbine concepts are being invited to compete for up to £12m of investment during 2010 to help develop their technology.
The funds are being provided by the government-backed Technology Strategy Board (TSB) through two new collaborative R&D competitions.
The first £9m call includes an investment of up to £2m from the South West Regional Development Agency (RDA). The competition opens in March and focuses on driving down the cost of energy and improving the reliability of wave and tidal-stream energy devices.
A second £3m call, due to open in September, will focus on supporting the deployment of pre-commercial full-scale devices installed and operating in the sea. The programme will monitor the performance of devices and ensure that they are reliable and can be installed and maintained effectively. This is specifically aimed at businesses that are already working towards full-scale deployment of their technology.
Iain Gray, chief executive of the TSB, said wave and tidal-stream technologies are at an early stage of development and will only be a significant part of the renewable energy mix needed in the UK by 2050 if a number of challenges are tackled.
Register now to continue reading
Thanks for visiting The Engineer. You’ve now reached your monthly limit of news stories. Register for free to unlock unlimited access to all of our news coverage, as well as premium content including opinion, in-depth features and special reports.
Benefits of registering
-
In-depth insights and coverage of key emerging trends
-
Unrestricted access to special reports throughout the year
-
Daily technology news delivered straight to your inbox
Experts speculate over cause of Iberian power outages
The EU and UK will be moving towards using Grid Forming inverters with Energy Storage that has an inherent ability to act as a source of Infinite...