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4 renewable energy firms in Scotland enter £10 Million energy Saltire challenge
The BBC has reported that two tidal energy and two wave power developers have entered into the race for Scotland’s £10 million Saltire Prize set by government ministers
The Saltire Prize is the largest renewables innovation of its kind. The aim of the competition is to encourage the development of wave and tidal energy devices in Scottish waters. The challenge is for each company to attempt to produce the most electricity over a two-year period, using only the power of the sea.
Aquamarine Power chief executive, Martin McAdam, said the prize would act as a “global catalyst… bringing together the best brains and financial muscle to crack one of the great challenges of our age”.
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