Oscilla Power secures £500k contract from Wave Energy Scotland
Funding aims to bolster development of innovative power take off systems for wave energy devices
SEATTLE, Washington, August 4, 2015 — On July 31st, Oscilla Power was awarded a contract valued at approximately $775k by Wave Energy Scotland (WES), a part of the Scottish Government’s Highlands and Islands Enterprise economic development agency. Formed in late 2014, WES aims to support and accelerate the development of wave energy technology in Scotland.
In its WES project, Oscilla Power will focus on developing an advanced power take off (PTO) system for use in a range of systems including its own Triton(TM) wave energy converter. The work is expected to culminate in lab testing of a 1:4 scale PTO.
WES provides funding packages, awarded after an open competition and strict assessment, for the development of innovative technologies to produce low cost, efficient and reliable components and subsystems which can form the basis of the cost effective generation of wave energy in Scotland. Oscilla Power’s contract was one of five Stage 2 awards that collectively secured 32% of the total funding awarded by WES in its first funding call.