A wave power company has secured new investment to speed up the commercial rollout of its technology.
Mocean Energy has raised £730,000 in equity funding to help advance the design of its Blue Star wave machine and drive its adoption in subsea oil and gas.
Last year, the company successfully trialled its Blue X prototype at the European Wave Energy Centre in Orkney and is currently collaborating with partners to advance a demonstrator project, called Renewables for Subsea Power, to show how the technology can be coupled with underwater energy storage to provide reliable low carbon power to subsea equipment and autonomous underwater vehicles.
