The EU has provided £12.8m ($16m) towards the funding of a full-scale, four-year demonstrator of Marine Power Systems' quarter MW WaveSub device. The programme will be based at the Wave Hub test site in Cornwall. The grant is being provided by the Welsh European Funding Office while a further £5.5m will be raised by the wave energy developer.
The EU has provided £12.8m ($16m) towards the funding of a full-scale, four-year demonstrator of Marine Power Systems' 1.5 MW WaveSub device. The programme will be based at the Wave Hub test site in Cornwall. The grant is being provided by the Welsh European Funding Office while a further £5.5m will be raised by the wave energy developer.