Edinburgh start-up Mocean Energy has secured a six-figure investment deal to accelerate commercialisation of its wave energy technology. Set up in 2015, Mocean develops ocean wave energy converters (WECs) for markets such as the oil and gas and utility sectors. Its lead product is the Blue Star converter, which is designed to power subsea oil and gas equipment. “We are currently working with firms in the Scottish supply chain to build and deliver our first prototype, which will commence testing at the European Marine Energy Centre in Orkney next year.”
Herald 19th Nov 2020 read more »