The Offshore Renewable Energy (ORE) Catapult and RenewableUK have launched a new initiative to assess how wave and tidal stream technologies can meet the UK Government’s new triple test.

Climate Change and Industry Minister Claire Perry has designed the test to achieve optimum carbon reduction and demonstrate a clear cost reduction pathway.

Based on the results, ORE Catapult will work jointly with an industry steering group to provide an evidence-based objective report by the end of March next year.

“If approved, the new technologies will receive greater government and revenue support in the future.”

The report will be presented to the Department for Business, Energy and Industrial Strategy, in addition to the Scottish and Welsh Governments.

If approved, the new technologies will receive greater government and revenue support in the future.

ORE Catapult CEO Andrew Jamieson said: “The UK is already leading the world in deploying the first full-scale tidal power arrays and cutting-edge wave devices.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“It is essential that our emerging wave and tidal developers continue to enjoy investor confidence to allow them to be brought to full commercial scale, for the economic opportunity is immense.

“This programme will work with the leading developers to set out a clear way ahead, illustrating the huge potential and ultimately driving new investment, employment, exports and growth across the country.”