With the deployment of its unique WaveSub wave energy converter planned for later this year, Marine Power Systems (MPS) has recently awarded the tender for the manufacture of its WaveSub device to Ledwood, a leading engineering company.
MPS, a Swansea-based company developing revolutionary technology designed to capture the energy from ocean waves, has made a significant move towards deployment at sea of its WaveSub device through announcing fabrication firm Ledwood as its manufacturing partner.
MPS chose Ledwood, which is based in Pembroke Dock, South Wales, after a rigorous tendering process for the company's expertise in fabrication services, which will be crucial to the assembly of the main structure of the WaveSub.
The fabrication of the ¼ scale WaveSub is a first big step in the journey towards commercialisation of the project.
MPS' WaveSub project has been part-funded by the European Regional Development Fund through the Welsh Government, with MPS receiving a £2 million grant in October 2015.
The WaveSub will provide a reliable renewable energy source through harnessing the energy from ocean waves. The technology being developed at MPS has huge potential to contribute to energy security targets and will reduce reliance on unpredictable and non-renewable energy supplies.
Dr Gareth Stockman, co-founder and managing director of Marine Power Systems, said:
"We have reached a milestone through awarding this tender to Ledwood as we move ahead on our journey towards deployment of our pioneering WaveSub device at sea. With Ledwood being a nearby company to us, in addition to being leaders in fabrication and engineering services, it was clear that this partnership was the best option for the company. We are looking forward to collaborating with Ledwood on this unique project and seeing the WaveSub really taking shape."
Welsh Government Finance Secretary Mark Drakeford said:
"Wales has the potential to be a world-leader in the marine energy market, so it's good news the WaveSub project has taken a significant step forward."
"This is another example of how EU funding is supporting Welsh businesses and the development of cutting-edge technology and innovation in Wales."
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