Marine Energy Deals: The Winners

STV
Marine Power: Deal winners in detail

SSE Renewables

SSE Renewables is responsible for the development and construction of SSE (Scottish and Southern Energy plc) Group’s European portfolio of renewable energy projects, including onshore and offshore wind, hydro, marine, biomass, and solar.

SSE is the leading generator of renewable energy in the UK and Ireland, with over 2,200MW of renewable electricity generation capacity and a portfolio of over 15,000MW of renewable energy projects in construction, with consent or in development.


Aquamarine Power

Aquamarine Power is a wave energy company, with head offices in Edinburgh.

The company is currently developing its flagship technology, an innovative hydro-electric wave energy converter, known as Oyster®.  Aquamarine Power’s goal is to develop commercial Oyster® wave farms around the world.

The first demonstration-scale Oyster® has been successfully deployed at sea at the European Marine Energy Centre (EMEC) in Orkney and was officially launched by Scotland's First Minister Alex Salmond MP, MSP in November 2009 when it began producing power to the National Grid to power homes in Orkney and beyond. 

Oyster®'s performance is now being monitored and the results from the testing will provide a basis for the design of the next-generation commercial-scale Oyster 2.
 

ScottishPower Renewables

ScottishPower Renewables is part of Iberdrola Renewables, the world's biggest producer of renewable energy.

The firm is also currently the UK's largest developer of onshore windfarms with over 30 windfarms fully operational, under construction or in planning and is expected to become the first UK utility company to reach the target of 10 percent of energy produced from renewable sources.

ScottishPower Renewables prides itself on “developing renewable energy responsibly”.

The firm is also at the forefront of the development of wave and tidal renewable technology.


Pelamis Wave Power Ltd

Pelamis Wave Power Ltd is the manufacturer of a unique system to generate renewable electricity from ocean waves.
 
The Pelamis Wave Energy Converter is the result of many years of engineering development by PWP. It was the world’s first commercial scale machine to generate electricity to the grid from offshore wave energy and the first to be used commercially.


OpenHydro

OpenHydro is a technology business that designs and manufactures marine turbines to generate renewable energy from tidal streams.

The company's vision is to deploy farms of tidal turbines under the world's oceans - silently and invisibly generating electricity at no cost to the environment.

Electricity produced using OpenHydro's technology is completely renewable since it relies on tides that are created by the gravitational effect of the sun and moon.

The firm claims to extract energy from the oceans in an “economically viable and environmentally sensitive” manner.


Marine Current Turbines

Marine Current Turbines (MCT) is the world leader in marine current and tidal stream energy. The company has two primary goals: technology development and commercial project development/installation.

MCT installed the world’s first offshore tidal turbine near Lynmouth off the coast of Devon in May 2003 and completed installation and commissioning of the world’s first commercial scale tidal turbine, the 1.2 MW SeaGen, in Strangford Narrows in Northern Ireland in 2008.

This is the forerunner for a commercial product soon to be widely deployed in the vital quest for clean energy from the oceans.