UK, TSB Launches £12m Competitions to Help Develop Wave and Tidal Technologies
Summary
Two new collaborative R&D competitions are designed to support innovation that will lead to the cost effective exploitation of UK and global wave and tidal stream resources.It is designed to complement a second £3m call due to open in September that focuses on supporting the deployment of pre-commercial full scale devices installed and operating in the sea.The call will focus on monitoring the performance of devices and ensuring that they are reliable and can be installed and maintained effectively.This is specifically aimed at businesses that are already working towards full scale deployment of their technology.Together, these activities aim to advance wave and tidal stream technologies along the innovation chain in a concerted effort to grow business opportunities and achieve the Government’s Renewable Energy targets.