The region has a large track record in both ocean energy and offshore, thereby able to build the cornerstones of a sector that can power the North Sea Region’s renewable energy mix to build a sustainable future”. The five - year Ocean Energy Start - up Alliance ( OESA ) project has been awarded funding to accelerate large - scale ocean energy pilot studies based in the North Sea . Tocardo Wave Power , wave energy companies Seabased and Nemos , Wave Power Plant and SeaTwirl are among the firms whose renewable energy systems will be deployed . The project has been backed by the € 167 m ( $ 189 m ) EU North Sea Region Programme , which focuses on pilots , demonstrations and trials of projects offering sustainable economic growth in the region .
The five - year Ocean Energy Start - up Alliance ( OESA ) project has been awarded funding to accelerate large - scale ocean energy pilot studies based in the North Sea . Tocardo Wave Power , wave energy companies Seabased and Nemos , Wave Power Plant and SeaTwirl are among the firms whose renewable energy systems will be deployed . The project has been backed by the € 167 m ( $ 189 m ) EU North Sea Region Programme , which focuses on pilots , demonstrations and trials of projects offering sustainable economic growth in the region .