An innovative wave energy company has raised €2 million (£1.8m) to help test its technology in a full-scale environment.

Laminaria secured the funding from investment groups QBIC II and PMV and existing investor the Commonwealth Environmental Investor Platform (CEIP).
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It will use the money to further develop its wave power technology and test a 200kW full-scale demonstration project at the European Marine Energy Centre (EMEC) in Orkney, Scotland.

The company tested a 1:5 scale version of its wave device in the North Sea two years ago, which successfully generated electricity.

Proving survivability in extreme storm conditions is a key focus of the project’s next stage.

• Laminaria, Low Carbon, Testing, UK, research, water, wave energy