Nine Scottish projects including technologies for tidal power, a new type of wind turbine blade and a low-carbon heating system, have secured funding in the latest award from the government’s Energy Entrepreneurs Fund (EEF).
The government has announced it will provide £20 million per year in ringfenced tidal stream project support as part of the upcoming Contract for Difference (CfD) round, following pressure from industry and MPs.
Simec Atlantis Energy shares have slumped in early trading after it called an emergency meeting to raise £341,000 to pay out a shareholder and replace its auditor, EY.
Ministers at the Department for Business, Energy and Industrial Strategy (BEIS) faced a series of questions from Scottish MPs on support for tidal energy, with just weeks to go before the upcoming Contracts for Difference (CfD) auction.
A new study finds that tidal stream power could reach 11.5 GW of installed capacity by 2050, but that time is of the essence if this resource is to be realised.
Shares in Scottish renewables firm Simec Atlantis Energy (SAE) have plunged after it raised £2.6million from investors in a placing announced last night.
Scottish renewable energy firm Sustainable Marine is pushing on with plans to deliver the world’s first floating tidal array after unveiling its next-generation platform.
Technology developed for the marine energy industry may help salmon farmers operate in more remote locations and reduce their environmental impact, according to the partners in an innovative research project.