100+ jobs supported by HIE in Moray in 2023/24
As a result of HIE’s support, businesses in Moray are forecast to see combined turnover rise by more than £85m and international sales by almost £14m.
Make your life easier with a MyHIE account. It’ll save you time, help you find and organise content based on your needs and interests.
Four projects will share just under £1.4 million for projects that aim to bring down the cost of wave power.
The teams have secured funding from HIE subsidiary, Wave Energy Scotland (WES) to develop quick connection systems to improve the installation efficiency and infrastructure of wave power devices.
Apollo’s PALM connector uses a passive locking mechanism that provides the connection and load transfer between the wave energy convertor (WEC) and its moorings. This function is purely mechanical and requires only the input of a suitable deck winch on the installation vessel.
Blackfish Engineering Design’s C-DART provides a remote installation system for a WEC or other floating system. The novel system allows quick connection and disconnection of a WEC to an offshore buoy, providing both a mechanical mooring and electrical connection.
Nova Innovation’s MECmate is a wet-mate connection solution specifically designed for marine energy converters (MECs). The project builds on their proven NovaCan technology currently in operation in Nova’s Shetland tidal array.
Quoceant’s Q-Connect is a set of modular subsystems that can be combined in different configurations to provide quick, safe, and low-cost connection for wave and tidal energy devices. The system can cater for slack and taut moored devices on the surface or sub-sea.
Commenting on the awards, Tim Hurst, managing director of WES said
“This programme will develop technology that will reduce the cost of wave and tidal energy and ultimately help marine energy play a part in Scotland’s net-zero future.
“Connecting and disconnecting devices quickly and remotely will increase safety in offshore operations, and the wider potential for these technologies is significant across offshore and subsea applications.”
Energy Minister Paul Wheelhouse said:
“This announcement represents an important step forward for Scotland’s world-leading wave energy sector. We believe that wave energy offers tremendous economic potential and can play an important role in Scotland’s response to the global climate emergency.
“I am immensely proud of the progress being made under our Wave Energy Scotland programme, which is by far the largest of its kind in the world. I congratulate all the successful teams under this funding call and look forward to seeing further progress from these projects in the months to come.”
From the seven Stage 1 projects, four projects have come through the WES Stage Gate process to secure Stage 2 contracts in the Quick Connection Systems programme.
The overall aim of the quick connection systems programme is to reduce the duration, cost and risk of offshore operation for wave energy convertors by supporting projects to design and develop quick connection and disconnection systems between devices and moorings and/or electrical systems.
The teams aim to develop their designs during the second stage of the programme, working with partners to test and model the technology prior to scale testing in the future.
This is the latest stage gate funding process in the WES programme, which is fully funded by the Scottish Government.
As a result of HIE’s support, businesses in Moray are forecast to see combined turnover rise by more than £85m and international sales by almost £14m.
As a result of HIE support, businesses in the area will see total turnover rise by £14.5m and international sales by £1.9m.
Figures show HIE approved £1.5m investment across 18 Shetland projects in 2023-24
Figures compiled by HIE show that businesses and communities supported by the agency in 2023/24 are set to create or retain more than 1,200 jobs across the region.
Beinn an Tuirc Distillery is investigating the development of two new canned ready to drink (RTD) cocktail recipes.
£250k helped leverage a further £3.6m in national investment
Enterprise agencies welcome Sumitomo milestone as ground is broken on £350m factory project
The signing of a memorandum of understanding (MoU) between Scotland’s enterprise agencies and the world’s largest shipbuilding company could bring economic benefits for the Highlands and Islands.
HIE awarded silver accreditation for progress in becoming carbon literate.
The owners have secured up to £175,900 investment from HIE towards the works, which will help boost annual turnover and support local jobs.