AWS Ocean Energy is one of five Scottish marine energy developers to benefit from £7.9 million funding, to further develop testing of new wave and tidal prototypes in the seas around Scotland.
The company was awarded a £3.9 million grant towards the cost to design, build and launch a project to prove its AWS-‐III Wave Energy Converter at full scale.
Simon Grey, chief executive of AWS , said, “We are delighted to be awarded this grant for work which will follow on directly from the full-‐scale cassette demonstration funded by the WATERS 1 programme. This continued support provides further endorsement of our technology and development.”
Deputy First Minister Nicola Sturgeon announced the second round of WATERS (Wave & Tidal Energy: Research, Development & Demonstration Support) funding to enable Scottish developers and supply chain firms to capture an increased share of the growing international marine energy market, which could be worth up to £4 billion to Scotland’s economy by 2020.
The Deputy First Minister said, “Ambitious clean-‐tech developers such as AWS Ocean Energy and the prototypes they are developing are testament to how far the marine renewables sector has progressed in just a few years”.
WATERS is a collaborative venture between the Scottish Government, Scottish Enterprise and Highlands and Islands Enterprise, with funding from the European Regional Development Fund (ERDF).
[mappress] Press Release, October 16, 2012