A £10m prize for the development of technology to harness tidal power has been relaunched in Scotland. The Scottish government said it was offering the Saltire Fund to help commercialise clean energy and lower operating costs. It comes after the original competition, conceived in 2008, was ended in 2017 without anyone claiming the reward. Industry bosses have welcomed the new fund. The Saltire Prize faded from public focus after the deadline to produce award-winning renewable technology passed without a winner. The original prize was offered for the development of wave and tidal energy. However, the two are now recognised as separate entities following the collapse of wave power firms such as Aquamarine Power and Pelamis. Tidal energy has now progressed while wave technology has effectively gone back to the laboratory. To reflect the change in the industry, the prize has now been relaunched as the Saltire Tidal Energy Challenge Fund.
BBC 10th Feb 2019 read more »
Scottish Government Press Release 10th Feb 2019 read more »