Welsh marine sector out in force at Ocean Energy Europe 2017

Welsh marine sector out in force at Ocean Energy Europe 2017

Leading voices from Wales’ marine sector will be attending one of the continent’s largest marine energy-focused conferences and exhibitions this week.

Eight organisations from Wales will attend the event which takes place on 25th and 26th October at Nantes in France to showcase Wales’ strengths and new developments.

The global value of the marine renewables industry has been estimated by the International Energy Agency to be worth over £70bn by 2050.

Wales has the potential to generate around 10 GW from marine energy when the Severn Estuary resource is included.

Rapid innovation is taking place in areas of marine energy initiatives and low-carbon projects with a growing number of projects underway in Wales.

Marine Power Systems (MPS) was founded to develop the WaveSub Wave Energy Converter — a second generation device that extracts wave energy.

The construction of the 1:4 scale WaveSub has now been completed in Pembroke Dock and will shortly be taken to the FaBTest site in Falmouth for sea trial testing.

Dr Gareth Stockman, CEO of Marine Power Systems, will be attending the event on behalf of MPS.

He said: “With nearly a decade of research and development invested in the WaveSub, we are now at a point where an affordable, scalable and reliable wave energy device is within our reach.

“We’re excited about showcasing the WaveSub to the professionals in the sector at Ocean Energy Europe. We’re at an important stage in the historic development of wave power which is great news for clean renewable energy supply in Wales.

“The WaveSub can bring down the cost of wave power generation so that in time it can compete favourably with offshore wind in terms of energy generation costs.”

Davie Jones, project director for Marine Energy Wales said: “With the allocation of 100.4M Euros for marine energy in Wales and recent policy stating renewables as one of three national priorities, it is clear that there are huge opportunities for the sector in Wales.

“At Ocean Energy Europe, we look forward to updating delegates of our progress to date, upcoming plans and the announcement of another important Welsh project.”

The eight Welsh organisations attending are: Compact Orbital Gears Ltd, Leask Marine, Mainstay Marine Solutions Ltd, Marine Energy Wales, Marine Power Systems, MarineSpace Ltd, Minesto, Port of Milford Haven, Port of Mostyn and Wave Hub Ltd.