Tidal power pioneer Orbital Marine Power has landed £3.4m ($4.2m) in funding from the Scottish government to progress its 2MW O2 turbin design to market.
The award, given through the £10m Saltire Tidal Energy Challenge Fund, adds to Orbital’s warchest after the Orkney-based developer completed a £7m crowd-funding drive earlier this year shepherded by UK ethical investment company Abundance.
The flagship unit will be manufactured by Scottish company Texo Group at new quayside facilities in Dundee, with key componentry delivered by compatriot contractor Gray Fabrication using material from Liberty Steel.
