UK-based Aquamarine Power has announced that it has made a significant investment in Ocean Flow Energy to secure a new technology to produce energy from deep water tidal resources.
The investment complements Aquamarine Power’s existing technologies and will further strengthen its position in the marine renewable energy sector.
Aquamarine Power already boasts a diverse portfolio of marine energy converters.
Oyster, its hydro-electric wave power device, is due for installation at the European Marine Energy Centre (EMEC) next year, while its tidal stream energy converter Neptune is currently the world’s largest under development at 2.4MW.
