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The company aims to use the funds given by the European Regional Development Fund Convergence Programme in testing prototypes, measuring their performance against global best practice procedures and average electricity production standards.
Perpetuwave CEO and managing director Glen Dullaway says outcomes of the grant scheme will extend beyond prototype testing to include the development of new technologies and plants.
“The major outcome of the project is to position Perpetuwave to advance a full scale pilot power plant as the final step in the technology authentication phase,” says Dullaway.
“This is a real boost for Perpetuwave and we are thrilled with, and thankful for the support of the UK government. The UK has an excellent wave resource and the government is very objective in developing a viable wave powered technology.”
Wave-harvesting technology involves the conversion of up to 40% of the ocean’s contained energy to electricity, operating with a similar capture width to wind turbines.
The renewable energy practice was pioneered by Perpetuwave more than a decade ago.
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