£20 million boost for UK marine power
DECC, UK: Two British companies have today 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. (Source: https://www.gov.uk/government/news/20-million-boost-for-uk-marine-power)