Funds released to encourage tidal energy

Government News Network, press release,

Mike O'Brien, Minister of Energy, announced the allocation by the Department of Trade and Industry (DTI) of 3,85 million pounds (approximately 5,5 million euros) to a project presented by "Marine Current Turbines Ltd" (MCTL, Bristol) for the development and validation of a device for recovering energy from the tides. 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 installed in June 2003 the world's first large-scale project using ocean current energy off Lynmouth, North Devon. This 300 kW unit called "Seaflow" has been operational for almost two years and has been developed in partnership with DTI and the European Union.
According to Mike O'Brien, the UK is not only the leader in marine energy but also the most suitable place to locate and develop these technologies. The government support put in place is intended to ensure the maintenance of this strategic position while encouraging clean and sustainable energy. Martin Wright, Director of MCTL said he was very pleased with the funds granted, as the project is at a critical pre-commercialization stage and this initiative sends a positive message.
to entrepreneurs.

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