The Minister was given a presentation and gudied tour of the business, during which MPS’ wave energy technology WaveSub was showcased.
MPS is currently in the process of designing, manufacturing and testing a quarter scale model prototype of WaveSub device.
The potential of what Marine Power Systems are developing here is huge; it clearly has a global reach and to have a Welsh company ahead of the curve on this form of renewable energy is fantastic news. It is very important that innovation in Wales is supported in every possible way, as is the case here. The country should enjoy the fruits of the incredible work being done here, in the future.
As reported earlier, Strainstall, an engineering company which is part of the James Fisher and Sons group, has been selected to provide a monitoring package to support the prototype testing of Marine Power Systems’ WaveSub wave energy device.
WaveSub will be tested at FaB Test, a test area situated 2.8 km2 within Falmouth harbor later this year, according to MPS.
The project is being conducted with support from many Welsh businesses in the local supply chain, such as Marine Energy Pembrokeshire, Swansea University, Pembrokeshire Port and the Welsh Government, among others, MPS’ press release reads.
The company has now raised some £2.4 million since it was formed from a mixture of Welsh Government and EU grants and private investors.
MPS is a Swansea-based wave energy developer founded in 2009 with the purpose of developing and commercializing its WaveSub wave energy converter technology.
Story from Tidal Energy Today