2 years ago

Mocean Energy Secures €3.2 Million in EU Funding for Wave Energy Project

  • Scottish wave energy company Mocean Energy has secured €3.2 million in funding from the EU's EuropeWave program

  • The funding will support the deployment of Mocean's Blue Horizon 250 wave energy machine in Orkney, Scotland

  • The machine will be connected to the grid via the European Marine Energy Centre and tested for 12 months

  • Mocean Energy aims to expand to a wave farm capable of 1 to 2 MW by 2030.

      • ProblemRenewable Energy

      "Generating clean energy from waves is expensive and unreliable, making it difficult to scale up and compete with traditional energy sources."

      Solution

      "Mocean Energy has developed a wave energy machine that is cost-effective and reliable, allowing them to scale up to a wave farm capable of generating 1 to 2 MW by 2030."

      Covered on