Two Scottish companies have joined forces over a major deal to develop “next generation” wave energy technology.
Fife-based Burntisland Fabrications (BiFab) has been awarded a £4M contract by Aquamarine Power to build its latest wave energy device, dubbed Oyster 2.
The product will be constructed over the next six months at BiFab’s manufacturing plant at Methil on the Firth of Forth.
It will then be tested and developed at the European Marine Energy Centre near Stromness in Orkney. Those behind the project are hopeful it can be fully commercialised by 2014.
Details of the contract followed the announcement last week of a multimillion-pound investment in Aquamarine Power’s wave energy programme.
The Edinburgh-based company was given £8M from multinational power firm AAB, based in Switzerland, and £3M from existing shareholders.
Aquamarine chief executive Martin McAdam said the BiFab contract would “guarantee” skilled manufacturing jobs and “strengthen Scotland’s position as a world-leader in the marine energy industry”.
He said: “This contract demonstrates the jobs dividend that a thriving marine energy industry can create.
“Strong support from both Scottish and UK governments has enabled our company to leverage significant private sector investment, and this is resulting in major manufacturing contracts in Scotland and across the UK.
“In selecting BiFab to manufacture our next-generation Oyster device, Aquamarine Power has chosen a world-class fabrication contractor with over 20 years experience in the offshore oil and gas industry.”