Orbital Marine Power | Updates

PRESS RELEASE: Made in Scotland Award Winner

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Orbital Marine Power was named as the Insider Made in Scotland Award winner 2019 at the 4th annual awards event in the Glasgow Science Centre last night for their pioneering work in developing a world leading tidal energy technology.   Andrew Scott, CEO of Orbital, attending the awards said: "We are honoured and delighted with this recognition for an achievement built on a tremendous amount of hard work and dedication from the team in Orbital over many years. And we are excited to  already be working on the next chapter of our Made in Scotland journey, in the build of the commercial O2...

PRESS RELEASE: Young Professional Green Energy Awards Nomination

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Orbital Marine Power’s Lead Technician, Ryan Doull, has been shortlisted for the ‘Project Development Award’ at the Scottish Renewables Young Professionals Green Energy Awards 2019. Joining Orbital as an electrical technician during the build of the SR2000 2MW, he quickly progressed to Lead Electrical Technician, and as a result of his attention to detail and hard work is now leading a technical team across a range of disciplines. Dan Wise, Orbital’s Head of Offshore Operations said: “From the outset, Ryan showed an eagerness to take on additional responsibility, and his leadership skills were clearly apparent. Ryan has demonstrated a versatile approach to his...

Statement on SALTIRE TIDAL ENERGY CHALLENGE FUND

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The Scottish Government has launched a £10 million fund to support commercial deployment of tidal energy generation in Scottish waters through driving innovation and reduction in the cost of electricity generated.   Responding to the announcement, Andrew Scott, CEO of Orbital Marine said:

“The tidal industry is at an exciting point; nowhere else in the world are thousands of homes being powered from predictable, renewable tidal stream energy other than Scotland. This achievement has been the result of a lot of hard work and commitment over the years from both Scottish Government and the industry. 

As a Scottish technology developer who...

PRESS RELEASE: Abundance closes largest investment to date for Orbital Marine Power, raising £7 million for world’s most powerful tidal stream turbine

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Orbital Marine Power (Orkney) will fund construction of the UK’s first floating tidal stream turbine to go into commercial production. c2,300 individual investors invested an average of c£3,000, with over half investing via their ISAs for a tax-free return. Particularly strong support from investors in Scotland, investing the highest average amount at £4,500 each. Full £7 million target achieved on January 1st.

The UK’s leading peer-to-peer ethical investment company Abundance has closed its largest fund raise to date, raising £7 million for innovative Scottish tidal energy company Orbital Marine Power (Orkney).

Orbital Marine Power (formerly Scotrenewables Tidal Power) will use the...