Research and development body Wave Energy Scotland (WES) has opened for business with its first international technology innovation competition.
Part of Highlands and Islands Enterprise, WES is launching a competitive project call for innovative power take-off (PTO) systems.
They are looking for applications from innovative technology developers who are looking for investment to advance their technology through rigorous testing.
The successful applicants will be eligible for contracts that cover up to 100% of the cost of their technology development project, and contracts will range from between £100,000 and £4 million, depending on the maturity of the technology.
Energy Minister Fergus Ewing said: “This is an important day for Wave Energy Scotland.
“This project call is the first opportunity for innovative technology developers to get involved in Wave Energy Scotland and drive the direction of the wave energy sector.
“We recognise the wide range of expertise that exists beyond the energy sector. Wave Energy Scotland is a great platform for a collaborative effort between various industries and gives us the chance to support developers in Scotland to produce solutions for the cost effective generation of wave energy around the world.”
This is the first of five competitive calls to be run over the year, with support from the Carbon Trust, the Offshore Renewable Energy (ORE) Catapult and the University of Edinburgh.
Tim Hurst, Interim Director, Wave Energy Scotland commented: “Wave Energy Scotland will take a fresh approach to resolving the issues which so often hamper the early stages of developing innovative technology.
“It is an exciting time for the wave energy sector in Scotland and WES offers a great opportunity to draw on the expertise which exists in industry and academia across the country. Wave Energy Scotland is now open for business and we encourage anyone with a best in class solution for PTO systems to submit their ideas.”
Assessments of the wave energy market estimate that, by 2050, projects totalling a capacity of up to 130GW Globally could be installed.
This huge potential could create a multi-billion pound market for power take-off systems, which typically represent around a quarter of the capital costs for a wave energy machine.
Michael Rea, Chief Operating Officer at the Carbon Trust added: “The Carbon Trust is very excited to be supporting Wave Energy Scotland in its efforts to help the development of the most promising wave energy technologies, subsystems and components.
“It is critical to drive convergence of device design to ultimately reduce the costs of commercialisation of wave energy technology. A collaborative approach to innovation will be essential in helping to achieve these objectives and we are looking forward to see what novel ideas can be supported through this first innovation competition.”