Marine Power Systems (MPS), a Swansea-based company that is developing revolutionary technology designed to harness wave energy, has become a member of Ocean Energy Europe, the industry group for ocean renewable energy in Europe.
Marine Power Systems joins a growing list of industry representatives uniting behind a common strategy for industrialising the ocean energy sector. With Marine Power Systems recently joining as a member, Ocean Energy Europe has exceeded 100 members this week.
Previously the European Ocean Energy Association, Ocean Energy Europe re-launched in 2013 with the purpose of positioning ocean energy as a key developing energy production technology, which will be crucial to meet the EU’s climate change proposals. The result of this scheme has been irrefutable, with the sectors profile increasing significantly and gaining the support of the EU accordingly.
As a leader in the wave energy sector, Marine Power Systems will give a presentation to delegates at the upcoming Ocean Energy Europe conference in Dublin in October on overcoming the specific challenges faced when capturing wave energy. In addition, MPS will update the sector on its plans going forwards, such as showcasing its robust development strategy to reach commercialization.
Dr Gareth Stockman, co-founder and Managing Director of Marine Power Systems, said:
“Joining Ocean Energy Europe as a member shows Marine Power Systems’ commitment to supporting the progress of ocean energy as a renewable energy source and the sector overall. Ocean Energy Europe encompasses the crucial role ocean energy plays within the EU and its importance to the future of the energy sector. We are proud to be a part of this body of professionals representing the sector and look forward to presenting our latest developments at the Ocean Energy Europe conference later this year.”
Rob Stevenson, President of Ocean Energy Group, said:
“The sharp increase in membership over the past years is indicative of the importance of industrial collaboration and the role the EU can play in securing the sector’s future.
“We are very pleased with the mandate the industry has given us to represent its interest across Europe. Industrialising ocean energy will be a European success story, but the industry needs to work together to make this happen. With the right support, we are confident that ocean energy can provide over 10% of Europe’s electricity by 2050.”
Memberships of Ocean Energy Europe has increased by 65% since 2013 and it is the largest global network of ocean energy professional in the world today.