Aquamarine Power

“raised £6m in its latest round of fundraising.”

“Aquamarine plans to deploy its new Oyster 2 device next summer.”

“the company, which is seeking a total of £50m of investment.”

“the latest round of funding had brought the total raised so far in equity to £30m.”

“Aquamarine has won the rights to develop the Brough Head wave farm off the coast of Scotland, which at 200 MW could provide enough energy for about 190,000 homes.”

“It plans to develop up to 1,000 MW of marine energy sites by 2020 in partnership with utility SSE Renewables.”

“Oyster 2 would deliver 250% more power than the original device, with only a 50% increase in footprint.”