Government has today launched its eagerly awaited £20 million Marine Energy Array Demonstrator scheme (MEAD). This scheme will support up to 2 pre-commercial projects to demonstrate the operation of wave and/or tidal devices in array formation over a period of time. Organisations across the UK will be able to bid for a share of the £20million announced last summer helping spur on growth in this exciting new sector.
Marine power has huge potential and the UK is already leading the way for the rest of the world to follow. Generating energy from the power of waves or tides could provide up to 20% of current UK electricity demand and also help cut carbon emissions and support thousands of UK jobs.
• Full press release on the DECC website