Competitions seek wave energy conversion

Wave Energy Scotland has announced four competitions, with a combined budget of £7million, to fund development of innovative energy conversion schemes applicable to the wave energy sector.

The competitions with a total budget of up to £7M to fund development of new innovative energy conversion solutions that are applicable to the wave energy sector. Registration for entry is open until 15 May 201.

The competitions are part of its programme for secondary energy conversion technology (known as power take-off or PTO systems).

Wave energy is a renewable energy resource with a significant market potential. The International Energy Agency forecast that by 2050 projects totalling a capacity of up to 130GW could be installed worldwide, should the technology become cost- competitive with other forms of renewable energy.

Wave Energy Scotland's remit is to take innovative technologies from concept to being ready for private sector investment, focusing on proving technology and engineering quality. It is anticipated that this will take up to 10 years.

Wave Energy Scotland is funded by the Scottish Government and is part of Highlands & Islands Enterprise.