Wave energy developers' chance to find out more about £7m support fund
27th March 2015
People involved in the development of wave energy technology in Scotland will be able to find out more about a £7million support fund in a special online webinar next Tuesday (31 March).
Wave Energy Scotland (WES), part of Highlands and Islands Enterprise (HIE), is funded by Scottish Government. It launched its first international technology innovation competition earlier this month.
The organisation issued a competitive project call for innovative power take-off (PTO) systems. This invited applications from technology developers requiring investment to advance their technology through rigorous testing and towards commercialisation.
Successful applicants will be eligible for contracts that cover up to 100 percent of the cost of their technology development project. Contracts will range from between £100,000 and £4 million, depending on the maturity of the technology.
WES's first webinar, which starts at 0930 on Tuesday, will be an opportunity for developers to ask questions and hear first-hand about the types of projects that may be supported through this initial fund. People can register for the webinar at www.hie.co.uk/weswebinar
Tim Hurst, interim director of WES, said:"This is an exciting time for the wave energy sector. There has already been a lot of interest in the first project call for Power Take-Off systems. We're keen to see applications from across the energy industries and other sectors as we begin the programmes to find innovative solutions to the cost effective generation of wave energy.
"The webinar is an ideal opportunity for anyone to hear about the initial thoughts on how we think Wave Energy Scotland will operate going forward. Our aim is take wave energy technology to a stage where commercialisation is not only possible, but attractive to private investors who may once again re-enter the sector."
Applicants seeking support from the fund will need to register by 15 May and submit their proposals by 22 May. Contracts will be awarded at the end of June.
Tuesday’s webinar will be made available to watch again after the live webcast.
Related Businesses
Related Articles
A programme of remedial works to bring Scotland's only funicular railway back into service at Cairngorm Mountain is entering a new phase during week beginning Monday 15 April. With the snowsports season now over, multiple teams from contractor Balfour Beatty, appointed by Cairngorm Estate owner Highlands and Islands Enterprise (HIE), are set to be deployed on the mountainside.
The five-year agreement between Scotland's Rural College (SRUC) and Highlands and Islands Enterprise (HIE) will also play a major role in contributing to regional economic growth. The signing of the agreement, by Professor Wayne Powell, Principal and Chief Executive of SRUC, and HIE Chief Executive Stuart Black, follows the official opening of SRUC's Rural and Veterinary Innovation Centre (RAVIC), a valued addition to SRUC’s School of Veterinary Medicine, in Inverness by HRH the Princess Royal.
Deerness Distillery Ltd has secured £246,000 from Highlands and Islands Enterprise (HIE) for the £820,000 development. Construction is underway at the distillery, which was founded by husband-and-wife team Stuart and Adelle Brown.
The Co-Chairs of the Inverness Castle Delivery Group, Fergus Ewing MSP and Cllr Ian Brown, are delighted to announce the award of £30,000 from Highlands and Islands Enterprise (HIE) in support of framing the 57 panels that will form the Tapestry of the Highlands and Islands. This financial commitment from HIE has contributed significantly to the preservation of the 57 panels created by communities across the Highlands and Islands, of which 32 will be included in the first exhibition as part of the Inverness Castle Experience.
Sumitomo Electric UK Power Cables Ltd plans to establish major operations in the region, supplying high voltage cables to the growing offshore wind energy sector. A funding package has been agreed to secure an estimated £350m in inward investment for Scotland, based in the Highlands.
As part of the study, businesses, community groups and social enterprises with future land or property plans are encouraged to complete a short survey by 22 March 2024. Whether it's interest in land for sale or space to lease, HIE is keen to hear from organisations already based in the region as well as from those that are considering locating a business to the area.
L&M Engineering has secured a grant of £58,914 from Highlands and Islands Enterprise (HIE) for the development, which is set to boost business turnover by £1.2m and create two jobs over the next three years. The company is diversifying its operations to cater for additional aquaculture markets.
Most businesses in the Highlands and Islands consider their links with the local community as either equal to or more important than their profitable growth. This is one of the key findings of the most recent rural business survey commissioned by Highlands and Islands Enterprise (HIE) in partnership with South of Scotland Enterprise (SOSE).
Dynamic business support programme, IMPACT30, is aimed at nurturing and empowering the next generation of innovative leaders. The fully funded programme is for people aged under 35 in a young enterprise and in a key decision-making role.
A project to increase electricity supply and reduce emissions on a west coast island has been awarded more than £25,000 by HIE. The HIE funding is being used to replace and upgrade high voltage transformers and other associated equipment to enable a major upgrade of the renewable energy supply on the Isle of Muck.