{"id":1458,"date":"2014-02-27T11:06:30","date_gmt":"2014-02-27T11:06:30","guid":{"rendered":"http:\/\/blogs.scotland.gov.uk\/coastal-monitoring\/?p=1458"},"modified":"2016-08-17T14:59:42","modified_gmt":"2016-08-17T13:59:42","slug":"4-8-million-boost-to-marine-energy-sector","status":"publish","type":"post","link":"https:\/\/blogs.gov.scot\/marine-scotland\/2014\/02\/27\/4-8-million-boost-to-marine-energy-sector\/","title":{"rendered":"\u00a34.8 million boost to marine energy sector"},"content":{"rendered":"<div>\n<p><strong>Wave and tidal projects to benefit.<\/strong><\/p>\n<\/div>\n<p>Scotland\u2019s marine energy sector is to benefit from almost \u00a35 million as the distribution of funding from two initiatives is to be announced by Energy Minister Fergus Ewing during the RenewableUK Wave and Tidal Conference and Exhibition in Belfast today (Wednesday).<\/p>\n<p>Speaking ahead of the event, Mr Ewing said five marine energy innovation projects are to benefit from a \u00a32.8 million share of the Marine Renewables Commercialisation Fund (MRCF), while tidal power company Atlantis Resources Corporation is to receive a \u00a32 million investment from the \u00a3103 million Renewable Energy Investment Fund (REIF) to help establish a global engineering hub in Edinburgh.<\/p>\n<p>The Atlantis hub, which will become the company\u2019s global centre of excellence is expected to create around 20 new high value jobs once fully operational.<\/p>\n<p>The MRCF grant funding is critical to facilitating the success of the first wave and tidal arrays in Scotland, while reducing the cost and risk of the technology. The funding will help build Scotland\u2019s marine energy industry, bringing important socio-economic benefits to remote and coastal areas of Scotland.<\/p>\n<p>Initiatives benefiting from the MRCF funding include:<\/p>\n<ul>\n<li>Construction firm McLauglin &amp; Harvey, along with SeaRoc and Nautricity to fund the foundation system which will be used for Nautricity\u2019s 500 kilowatt turbine off the Mull of Kintyre.<\/li>\n<li>The European Marine Energy Centre to design and build a seabed monitoring pod.<\/li>\n<li>Marine energy company Green Theme to develop a cable-mounted device called \u2018CableFish\u2019 that includes a camera and GPS to helps with cable installation in fast flowing conditions.<\/li>\n<li>Marine data experts Partrac, along with partners, to carry out surveys at two Scottish sites to understand turbulence in tidal flows.<\/li>\n<li>Design and engineering company Tension Technology International and partners to design a novel mooring system that can be used for wave and tidal arrays.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Energy Minister Fergus Ewing said:<\/p>\n<p>\u201cScotland is at the forefront of developing offshore and low carbon energy generation technology with some of the world\u2019s greatest wind, wave and tidal resources heavily concentrated in the waters around our country.<\/p>\n<p>\u201cToday\u2019s allocation of almost \u00a35 million in MRCF and REIF funding highlights our commitment to supporting the growth of the marine energy sector in Scotland.<\/p>\n<p>\u201cOur ambition for Scotland\u2019s emerging wave and tidal sector remains great. We know that the successful harnessing of ocean power takes hard work and persistence and the Scottish Government is determined to support those within the industry.<\/p>\n<p>\u201cThe funding announced today will help facilitate some of the country\u2019s most innovative and exciting marine energy projects and I am delighted we are able to assist these companies.\u201d<\/p>\n<p>Andrew Lever, Director of Innovation Scotland at the Carbon Trust said:<\/p>\n<p>\u201cScotland has a world leading resource and is a hot bed of innovation and deployment making marine energy an exciting green growth sector. The Carbon Trust are delighted to be working with the Scottish Government to deliver the Marine Renewables Commercialisation Fund (MRCF).<\/p>\n<p>\u201cDramatically reducing the costs of marine energy is the sector\u2019s number one objective as it moves towards large scale deployment. The MRCF is central to that goal. We will now work closely with the companies involved to support them to deliver these important innovations to help accelerate the development of wave and tidal arrays. The solutions developed are applicable to future array projects in Scottish Waters and will help keep Scotland, and the rest of the UK, in pole position to capitalise on the tremendous commercial opportunities we have in marine energy.&#8221;<\/p>\n<p>Atlantis CEO Tim Cornelius, said:<\/p>\n<p>\u201cThis \u00a32 million of investment is clearly a serious vote in confidence in Atlantis\u2019s plans as a tidal energy developer and our plans to deliver Scotland\u2019s first major tidal energy project in the Pentland Firth.<\/p>\n<p>\u201cHowever, its benefits won\u2019t stop there. It will not only create Scottish jobs here today but also help create new foreign markets to export Scottish skills to tomorrow, putting Scotland at the forefront of the fast-growing global tidal energy sector.\u201d<\/p>\n<p>Andrew Smith, head of the Scottish Investment Bank\u2019s REIF said:<\/p>\n<p>\u201cSupporting development of Scotland\u2019s marine energy sector is a key priority area for Scottish Enterprise and that\u2019s why through our range of investment funds, including REIF, we continue to invest in Scotland\u2019s most ambitious and exciting marine energy projects.<\/p>\n<p>\u201cAtlantis represents the cutting edge of this new emerging industry and we are pleased to be able to invest to support development, test and demonstration of exciting new technologies in Scottish waters.\u201d<\/p>\n<ul>\n<li><a href=\"http:\/\/news.scotland.gov.uk\/News\/-4-8-million-boost-to-marine-energy-sector-9c6.aspx\">Read the News Release<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Wave and tidal projects to benefit. Scotland\u2019s marine energy sector is to benefit from almost \u00a35 million as the distribution of funding from two initiatives is to be announced by Energy Minister Fergus Ewing during the RenewableUK Wave and Tidal Conference and Exhibition in Belfast today (Wednesday). Speaking ahead of the event, Mr Ewing said&#8230;<\/p>\n","protected":false},"author":115,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,11],"tags":[],"class_list":["post-1458","post","type-post","status-publish","format-standard","hentry","category-general","category-renewables"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u00a34.8 million boost to marine energy sector - Marine<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.gov.scot\/marine-scotland\/2014\/02\/27\/4-8-million-boost-to-marine-energy-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u00a34.8 million boost to marine energy sector - Marine\" \/>\n<meta property=\"og:description\" content=\"Wave and tidal projects to benefit. Scotland\u2019s marine energy sector is to benefit from almost \u00a35 million as the distribution of funding from two initiatives is to be announced by Energy Minister Fergus Ewing during the RenewableUK Wave and Tidal Conference and Exhibition in Belfast today (Wednesday). 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