MSP describes Inverness-based technology company as "innovative and forward looking"

03 June 2010

Highland MSP Peter Peacock has described Inverness-based marine technology company AWS Ocean Energy, currently testing a new device designed to harness wave power, as ‘innovative and forward looking’.

Speaking at the company’s testing site on Loch Ness Mr Peacock said,
"AWS Ocean Energy have told me of their future growth and development plans, securing more high end local jobs in a sector that is potentially very significant for the future economic development of the Highlands."

"The prototype ring-shaped AWS-III device presently deployed in the loch’s waters is a small scale version of the utility scale 2.5MW devices that AWS Ocean Energy plans to eventually build. The company hopes to have a full-size device ready for further testing within two years" said Mr Peacock. "Their technology addresses the many practical and economic issues that have existed with wave energy, and I look forward to successful deployment of AWS-III devices in the future."

"As a company they are currently building stronger ties with academia and they continue to leverage in private sector investment as evidenced by their success in securing investment from Scottish Enterprise's Scottish Co-investment Fund and further private investment from the Shell Technology Ventures Fund."

"The company are forward looking and innovative and have their business and objectives firmly rooted in the North of Scotland" said Mr Peacock.

"They are precisely the type of company with precisely the type of product that we need to drive the marine energy sector forward in the Highlands and I have been very impressed with their sub-system tests and hopefully this will lead to future progressive scale tests."

"Their success would make a significant difference to our hopes of future full scale commercial deployment of marine energy devices in Scotland and towards developing a significant supply business in the Highlands."

"The recent announcement from the Crown Estate demonstrates the very tangible market pull for such technologies, and I know AWS are very keen to ensure that they present a viable, commercially attractive technology to their home market."

Simon Grey, Chief Executive of AWS Ocean Energy said: "In developing the design of the AWS-III, we believe we have addressed the fundamental barriers to delivering practical wave energy. We have eliminated moving mechanical parts in contact with sea-water by using a novel system of flexible diaphragms arranged around a steel hull and incorporating air turbines. It’s refreshing to see that our years of quiet research are being recognised by the public, and that we are receiving the vital home support that we need to make our contribution to the development of the Highland economy."

 

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