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. In June, the same company set up 2003 as the first large-scale global power project using ocean currents off Lynmouth, North Devon. This unit of 300 kW called "Seaflow" has been operational for almost two years and was 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 to locate and develop these technologies place. Government support in place is indicated to maintain this strategic position while promoting clean and sustainable energy. Martin Wright, Director of MCTL has stated very happy with the granted funds, since the project is at the critical stage of the pre-marketing and launch this initiative a positive message