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Prize for Tidal Power Relaunched

Posted 223 days ago | 10.02.19

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Prize for Tidal Power Relaunched

The Scottish government has relaunched a £1m prize for the development of technology to harness tidal power. A spokesperson said said it was offering the Saltire Fund to help commercialise clean energy and lower operating costs. This comes after the original competition ended in 2017 without anyone claiming the prize.

The original Saltire prize was offered for the development of wave and tidal energy. However, the two are now recognised as separate entities following the collapse of wave power firms such as Aquamarine Power and Pelamis. It has been renamed the Saltire Tidal Energy Challenge Fund.

Hannah Smith, senior policy manager at Scottish Renewables, said: "This new fund will help tidal energy developers innovate and lower costs, crucial when many are deploying devices which can already reliably produce electricity, but which are locked out of the energy market because they must compete with technologies like offshore wind, which has secured support to deploy at scale and deliver staggering cost reductions.”

She stressed the importance that any package of support should recognise both the commercial realities facing developers and the need for funding for development.

"The industry has taken momentous steps forward in recent years, and we are proud to have supported that, but the path to commercialisation is taking longer, and proving more difficult, than initially expected."

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