Government News Network, press release,
Mike O'Brien, Minister of Energy, has announced the allocation by the Department of Trade and Industry (DTI) of 3,85 million pounds (about 5,5 million) to a project presented by Marine Current Turbines Ltd "(MCTL, Bristol) for the development and validation of a device for recovering tidal energy. This project, led by Sea Generation Ldt, a subsidiary of MCTL, will develop a prototype of marine current turbines generating 1 MW and equipped with two twin rotors. The same company set up 2003 in June as the world's first large-scale project using marine current energy off Lynmouth, North Devon. This unit of 300 kW called "Seaflow" has been operational for almost two years and has been developed in partnership with the DTI and the European Union.
According to Mike O'Brien, the UK is not only the leader in marine energy but also the most appropriate place to locate and develop these technologies. The government support put in place is designed to maintain this strategic position while promoting clean and sustainable energy. Martin Wright, Director of MCTL was very pleased with the funds granted, as the project is at the critical stage of pre-commercialization and this initiative is sending a positive message