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Scotland Gives Five Ocean Energy Developers $12.5 Million

Scotland Gives Five Ocean Energy Developers $12.5 Million

The Scottish government is giving five wave- and tidal-energy developers 7.9 million pounds ($12.5 million) to develop prototypes off the country's coast.

The funding “is to enable Scottish developers and supply chain firms to capture an increased share of the growing international marine energy market,” according to a government statement today. The technology may be worth as much as 4 billion pounds to the nation’s economy by 2020.

Scotrenewables Tidal Power Ltd. will receive 1.2 million pounds toward a 9.2-million-pound project to install commercial- scale tidal turbines. “This funding will allow us to progress to the next stage in the development of our floating tidal technology,” John McGlynn, the company’s business development manager, said in the statement.

The government granted 3.9 million pounds to AWS Ocean Energy Ltd., 1.4 million pounds to Nautricity Ltd., 750,000 to Oceanflow Energy Ltd., and 617,000 to Albatern Ltd.

Copyright 2012 Bloomberg

Lead image: Blue ocean via Shutterstock


Wave Energy Week Will Mix Marine Energy Developers with Traditional Hydropower

Gregory Poindexter,

Oregon Gov. Kate Brown, Democrat, has proclaimed “July 13-17, 2015 to be Oregon Wave Week in Oregon and encourages all Oregonians to join in this observance.”


Coal plant

Germany Gives Dirtiest Coal Plants Six Years for Phase Out

Stefan Nicola and Tino Andresen, Bloomberg German Economy Minister Sigmar Gabriel said 13 percent of power stations burning lignite, a cheap form of coal, would be phased out by 2021 under a program to cut power industry pollution. The government abandoned talks on...

The Way Humans Get Electricity Is About to Change Forever

Tom Randall, Bloomberg Trillions of dollars will be invested in renewable energy over the next 25 years, driving some of the most profound changes yet in how humans get their electricity. That's according to a new forecast by Bloomberg New ...
Pope Francis

The Common Goals of the Pope and Clean Energy

Paul Stinson, EDF Pope Francis turned a keen eye toward the environment and the problem of climate change with his encyclical,“Laudato Si” (“Praised Be”). As a clean energy advocate, I’m heartened that Pope Francis recognizes the need ...


Volume 18, Issue 3


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