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Wave and tidal power plans Vattenfall and Pelamis Wave Power, the Edinburgh tech ...

Wave and tidal power plans Vattenfall and Pelamis Wave Power, the Edinburgh technology developer, have launched a joint venture, Aegir Wave Power, to develop the first wave power project off the Shetland Islands. Pelamis’ wave power technology will be the first to be used, based on 150-180 metre-long floating tubes that move with the waves. Generators between the different sections of the tubes transform the movements to electricity. Other technologies can be used in the area at a later phase. Vattenfall is hoping to have installed up to 20 MW through the project as early as 2014. Meanwhile, tidal energy company Marine Current Turbines (MCT) has raised £3.5mn from an investor group led by Carbon Trust Investments and including Bank Invest, EDF Energy, High Tide and a group of significant private investors. The funding will help MCT in its plans to deploy the UK’s first commercial tidal energy farm in UK waters within the next two years. MCT is the developer of SeaGen, the world's first and largest grid-connected system that extracts energy from tidal currents. Part of the new funding will support MCT’s first deployment of SeaGen in Northern Ireland’s Strangford Lough which has now been successfully operating for more than six months. The company is now also looking to export its technology abroad.
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