Pirate FM News 3 minute read

VIDEO: Wave Hub Cash Boost

VIDEO: Wave Hub Cash Boost

Published by the Pirate FM News Team at 8:02am 10th May 2015.

Cornwall's Wave Hub is going to get a multi-million pound boost from Europe.

A five year research project based at the Hayle site has been awarded 12 million pounds.

'Clean Energy From Ocean Waves' is a multi-device test scheme.

South West Green MEP Molly Scott-Cato told Pirate FM there is a huge potential for renewables in the Duchy: "We're a peninsula that sticks out in to the ocean so we've got fantastic waves, but we've also got all sorts of renewable energy resources for wind power, solar, tidal and I recently launched a report that showed that there is the capacity there to create 16'000 jobs and increasing the size of the economy in Cornwall by 10%.

"We've got enough capacity to more than meet our own needs in the south west and really it's a tragedy I think from an economic point of view that we haven't had the politicians who are prepared to invest in that and provide the necessary incentives to develop those technologies."

The research project is coordinated by Fortum to research and develop the use of the Penguin wave energy
converter, developed by the Finnish company Wello, in electricity grid connected ocean conditions.

In the project, Finnish wave power technology is being developed and operated in collaboration with British and Swedish experts. In addition to Fortum, the joint project consists of Wello Ltd, Mojo Maritime Ltd, Wave Hub Limited, Green Marine (UK) Ltd, Uppsala University, Plymouth University and the University of Exeter.

Heli Antila, Chief Technology Officer at Fortum, said: "Wave power may play an important role in the future as an emissions-free energy production form, and that is why Fortum is participating in the research and development efforts. By this project we are expecting to increase our capabilities and skills in the field of wave power. We believe that the funding from the European Commission and the experienced collaboration partners create excellent conditions for making great strides forward in commercializing Wello's wave power technology.

"On a global scale, this project is at the vanguard of wave power research."

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