Pure Marine Gen Ltd
| Location: | N Ireland, UK | | Speaker: | Paul Brewster | | Title: | Dr | | Primary Industry: | Energy | | Executive Summary: | Huge ‘untapped’ renewable energy resources in the world’s Oceans will play a major role is satisfying the thirst for Renewable energy.
Pure Marine Gen provide the technology and technical authority that will save Energy companies significant time and costs as they search for solutions to harness these resources.
Feed in tariffs and grant support for early stage projects means wave energy technology sales could exceed €3 billion over the next ten years.
A strategic partnership with the Irish renewable energy company, Deepblue renewables, provides access to some of the best sites in the world for these projects.
High costs of generating electricity associated with existing concepts undergoing prototype testing is the main barrier to these projects progressing.
Dr Paul Brewster provides the technology lead, having been at the forefront of wave energy technology developments and industry projects in recent years.
Pure Marine Gen has developed a design for a floating, multi-mode wave energy converter, which has received funding from the Carbon Trust.
The projected R&D costs are stg£10 millon over the next 8 years which will see the company develop one of the leading Ocean energy engineering teams focused on delivering cost-competitive wave energy technology.
| | Venture is: | A-Round |
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