Marine Power Systems completed its crowdfunding campaign on Crowdcube last week. Receiving huge support from investors they reached their original target of £2m in just 48 hours of the fundraise opening and raised more than double that by the end of the campaign. Over 2,800 investors joined their mission to unlock the power of oceans[…]
Author Archives: MPS
Marine Power Systems have joined a consortium of major UK and US partners led by DNV, a world leading consultancy and advisor to the marine industry, to investigate the application of ‘wake steering’ to further optimise power output in floating offshore wind farms. In the UK, DNV, Durham University and Marine Power Systems combine expertise on wind resource,[…]
Ingenious floating platforms, developed by green engineer Marine Power Systems (MPS) to harvest the oceans’ wind and wave energy, aim to be the renewables sector’s next big breakthrough as they head for commercial roll-out. Flexibility and competitive pricing for extracting energy are the cornerstones of the Swansea-based company’s high-performance technology that has now produced its[…]
Marine Power Systems have just launched a crowdfunding campaign with equity investment experts Crowdcube. The campaign has already exceeded its original target with over 350 investors investing over £2.15 million between them following pre-registration for early access to the campaign. Investors will help grow the business and support the deployment of Marine Power Systems’ marine renewable energy[…]
Through modular and flexible platform design it is possible to both drive down the cost of ownership and support the colocation of wind and wave energy generation technology. Marine Power Systems (MPS) is revolutionising the way we harvest energy from the world’s oceans. The company is on track to be a world leader in the supply[…]
Marine Power Systems have signed a berth option agreement with the European Marine Energy Centre (EMEC) in Orkney, Scotland. The option agreement gives Marine Power Systems first refusal to a berth at EMEC’s grid-connected revenue generating Billia Croo wave test site for the deployment of two multi-megawatt WaveSub wave energy converters. The project represents Marine Power Systems[…]
Marine Power Systems have confirmed that Biscay Marine Energy Platform (BiMEP), in the Basque Country (Northern Spain), has been chosen for the deployment of a grid-connected commercial megawatt scale device. The site offers ideal deep water testing conditions and a direct connection into the electricity grid. The berth has been secured and a geotechnical survey of[…]
Marine Power Systems continue to expand their team and have appointed Dr Martin Carruth as Commercial Director. The appointment comes at an exciting time for Marine Power Systems. Now working at megawatt scale to prove their grid connected technology, with a number of projects in the pipeline, Martin will be responsible for developing the commercial[…]