£12 million on offer for wave and tidal technology
Investment, of up to £12 million, is available from the Government-backed Technology Strategy Board, for wave and tidal technologies of the future.
Two collaborative R&D competitions, from the board, are designed to support innovation that will lead to the cost effective exploitation of wave and tidal stream resources.
Competition for the first £9 million opens in March, and focuses on driving down the cost of energy, as well as, improving the reliability of wave and tidal stream energy devices.
Competition for the remaining £3 million will open in September, and is aimed at supporting the deployment of pre-commercial full scale devices installed and operating in the sea. The focus will be on monitoring the performance of devices, ensuring that they are reliable and, can be installed and maintained effectively. This £3 million is specifically aimed at businesses that are already working towards full scale deployment of their technology.
