Aberdeen-based Deep Casing Tools said yesterday it would benefit from £2.1million in working-capital funding from the Scottish Loan Fund.
The UK energy secretary has said he is "determined" to address high electricity transmission charges and speed up renewable energy schemes on the islands.
Lerwick could be turned into a major centre for the decommissioning of oil and gas platforms, according to a Highlands and Islands MSP.
MORE than half of the energy we use in Scotland goes to heat our buildings and homes. At the moment, much of this is provided by fossil fuels - gas in areas served by the gas grid, oil or electricity elsewhere. But the UK and Scottish Governments have important plans to encourage us to heat our buildings using renewable sources.