This major project, boasting a capacity of 450MW, received consent from Scottish Government ministers in June 2021 and is strategically located approximately 14 kilometers southwest of Inverness.

The £2 million demonstrator scheme, which entered its current phase in 2021, successfully integrated the Blue X wave energy converter by Edinburgh-based Mocean Energy with the Halo underwater battery storage system from Verlume in Aberdeen.

The grant, provided by the UK Research and Innovation fund (UKRI), will support the consortium consisting of Severn Estuary Tidal Bar Limited, Cardiff University, Liverpool John Moores University, and the Tidal Range Alliance.

Despite its historical significance, the hydropower industry is grappling with slow growth amid increasing emphasis on wind and solar energy, compounded by a challenging investment climate.

Managed by the Anglesey-based social enterprise Menter Môn, the Morlais site is set to transform Wales' energy landscape and propel the region towards a sustainable, low-carbon future.

Norwegian company Havkraft has entered into a partnership with Equinor to conduct a feasibility study aimed at harnessing wave energy as a sustainable power source for mobile offshore drilling units

The initiative follows a report by Offshore Wind Consultants (OWC) that explores the synergies between offshore wind and wave energy and the advantages of sharing infrastructure, services, and supply chains.

The grant will enable Rivtide Power to develop a second-generation prototype of its patented Mass of Water Turbine (MOWT).

This achievement builds upon Orbital's prior success in the preceding Allocation Round 4, during which the company secured contracts for 7.2MW of capacity.

This large-scale wave energy device will be manufactured in Scotland and deployed at the European Marine Energy Centre (EMEC) in Orkney as early as 2025.