OUR STORY SO FAR
After rigorous sea trials, simulations, and tank testing, we had proof – our platform technology worked. With £5.5m in funding, including a £3.5m grant from the European Regional Development Fund (ERDF) and £2m in equity investment, we accelerated the development of our medium-scale prototype.
Our medium-scale prototype platform hit the water, demonstrating the platform’s key strengths: easy transport, seamless deployment, efficient maintenance, and the ability to generate grid-compliant electricity. Our team – and momentum – kept growing.
Twelve months of testing validated the platform’s performance, paving the way for refinements and the formal expansion of our intellectual property portfolio to include deep-water wind.
With £12.8m in funding from the Welsh Government and £2.3m in equity investment, we set our sights on commercial-scale deployment.
We secured £4.5m in equity funding to drive the development, optimisation and detailed design of our pioneering technology. A further £3.5m from a UK Government offshore wind grant propelled us forward.
We unveiled the latest evolution of our platform technology, PelaFlex. By mid-year, MPS was revenue-generating—leading energy developers worldwide commissioned us to undertake engineering studies for upcoming projects.
MPS secures Supply Chain Accelerator funding from The Crown Estate to explore a new fabrication facility in Port Talbot. The site will support automation and the mass production of primary steel components for our PelaFlex platform, for global export, supercharging local supply chains via the Celtic Freeport. A major step towards scaling up and industrialising deep-water offshore wind.