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CGI image showing Marine Power Systems' devices at sea
MPS lands £3.5m of funding from UK Government
January 25, 2022
ScotWind Auction illustration
The ScotWind Auction and What It Says About The Future
January 19, 2022
Photo showing a MPS device being towed at sea.
The Recyclability and Environmental Impact of Renewable Energy Technology
December 3, 2021

Latest generation technology

Latest generation technology

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MPS releases the latest generation of its technology. The structurally efficient PelaFlex floating platform and the market leading PelaGen wave energy convertor.

MPS on track to deliver first projects

MPS on track to deliver first projects

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Equity funding of £4.5m to support delivery of grid connected commercial demonstrator and pipeline growth of early commercial farms. BiMEP site in Spain (Basque Country) secured for the deployment of demonstrator. Awarded £3.5m UK Government FLOW grant.

More Funding Secured

More Funding Secured

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Awarded £12.8m European Regional Development Funds by the Welsh Government. Equity funding of £2.3m to commence the commercial scale demonstrator.

Testing at Medium-scale Completed

Testing at Medium-scale Completed

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Medium scale prototype testing completed demonstrating the fundamental USP’s over a 12-month period. Ongoing device optimization. IP portfolio expanded to protect unique technology.

Medium scale prototype deployed

Medium scale prototype deployed

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Medium scale prototype deployed to demonstrate the fundamental USP’s of the platform; inherent ease of transportation, deployment and maintenance, remote control monitoring & communication systems and the generation of grid compliant electricity. Team growth continued.

Prototyping and Funding

Prototyping and Funding

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MPS developed detailed design specification for medium scale prototype. Raised £5.5m for next phase – £3.5m grant from European Regional Development Funds (ERDF) and £2m equity investment.

MPS Founded. First Patents Filed

MPS Founded. First Patents Filed

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Successive sea trials, computational simulation, tank testing over 6-year period proved concept and key USPs. Achieved through team expansion and grant / private investment.

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Recent Posts
  • MPS is Recruiting a Project Manager
  • MPS is Recruiting an Operations Manager
  • MPS to demo wave energy array at EMEC
  • MPS appoints TSC to support the development of their unique deployment system
  • MPS is Recruiting Project Engineers
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Marine Power Systems
The Warehouse Building
Urban Village
Swansea
SA1 2AQ

t +44 (0)1792 277 160

e contact@marinepowersystems.co.uk

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Copyright 2022 © Marine Power Systems
| Privacy Policy | Legal
  • Home
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