More money for marine renewables

While the UK government was backing support for a change in the UK energy market another agency has said marine energy devices are ready for full deployment with £22 million of new funding. After the DECC supported Ofgem’s statement on the need for up to £200 Bn of investment to secure Britain’s future energy supplies as North Sea reserves dwindle, the UK’s Carbon Trust said today that marine energy devices are ready for mass deployment and capable of creating a new offshore industry.