Author Archives: MPS

Wave of Investment for Marine Power Systems

The company will use the cash to design, manufacture and test a purpose-built quarter scale model prototype of the WaveSub, a wave energy converter. It is hoped trials will begin next year. The private investors, all based in the Swansea area, made the investment under the Enterprise Investment Scheme (EIS). The money from the Welsh[…]

Wave Energy Project Wins Funding to Progress

Marine Power Systems (MPS) has been awarded £359,000 SMARTCymru research, development and innovation funding to design a quarter-sized scale model of wave-energy converter WaveSub. The funding and expansion of the project is set to create eight jobs. Dr Gareth Stockman, managing director at Marine Power Systems, said: “We have carried out considerable research and development over[…]