Tension Technology International (TTI) is leading a nine-company consortium setting up at the Orion Energy Centre with the aim of engineering a low-cost anchor bag and mooring line system that would be designed for "wide range" of floating marine energy concepts.
Members of the £1.8m ($2.9m) project's team include Bluewater Services, University of Exeter, Bridon International, Vryhof Engineering, TenCate Geosynthetics, Pelamis Wave Power and DNV GL.
"As project leaders we are very excited to be working in close cooperation with OEC and other partners," says TTI managing director Stephen Banfield.
"Being located in the