Wave and wind power device to be built in Wales

Following a successful crowdfunding campaign and obtaining funding from the Welsh European Funding Office (WEFO), Marine Power Systems (MPS) is set to build its first commercial demonstrator device in Wales.

Swansea-based MPS reached a £1.5mn crowdfunding target just two weeks after launching, and then moved into overfunding, now at over £2mn. It has also obtained support from WEFO, with £13mn of EU funding.

MPS has developed what it calls a revolutionary, flexible technology that can be configured to harness wind power, wave power or combined wind and wave energy at grid scale – pictured. This approach has been patented by the company.