The Business and Enterprise Minister yesterday announced a £1.5 million investment in the development of wave energy technology.
Mark Prisk said the additional £1.5 million grant from the South West Regional Development Agency would allow wave energy company Ocean Power Technologies Ltd (OPT) to develop a larger version of its ‘Powerbuoy’ wave energy device. It follows an announcement by the Government-backed Technology Strategy Board last week of a £7 million investment in nine…
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