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The marine energy sector in Scotland has been awarded two grants totalling £4.8 million.
Five marine energy innovation projects will benefit from a £2.8 million share of the Marine Renewables Commercialisation fund (MRCF), while tidal power company Atlantis Resources Corporation will receive £2 million from the £103 million Renewable Energy Investment Fund (REIF) to help establish an engineering hub in Edinburgh.
The Atlantis hub, which will become the company’s global centre of excellence, is expected to create 20 new jobs once fully operational.
Scottish energy minister Fergus Ewing said: “Our ambition for Scotland’s emerging wave and tidal sector remains great.
“We know that the successful harnessing of ocean power takes hard work and persistence and the Scottish government is determined to support those within the industry.
“The funding announced today will help facilitate some of the country’s most innovative and exciting marine energy projects and I am delighted we are able to assist these companies.”
Andrew Lever, director of innovation Scotland at the Carbon Trust said: “Dramatically reducing the costs of marine energy is the sector’s number one objective as it moves towards large scale deployment.
“The MRCF is central to that goal.”
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