Mocean Energy: On A Tidal Wave of Success

12 May 2017

ECCI Ideas Lab residents Mocean Energy have secured vital funding and support to develop and test their innovative new wave energy technology.

Entrepreneurs Cameron McNatt and Chris Retzler (pictured above) will move to Stage 2 of the Wave Energy Scotland Novel Wave Energy Converter program.

The stage 2 project titled “Mocean WEC: Next-Level Hydrodynamics and Engineering” will continue to advance Mocean Energy’s hinged-raft wave energy converter (WEC).

The project, valued at £730K, will begin in May and run through September, 2018. It will consist of extensive numerical modelling, tank testing, and optimisation aimed at making significant further improvements in the performance relative to the cost; engineering of a full-scale machine to develop a credible concept and characterize capital and operations and maintenance (O&M) costs; The front-end engineering design of a small-scale sea going prototype.

Cameron McNatt said: “We are very excited about the project! We expect big developments in our technology which will hopefully have broader impacts on the wave energy sector.

Ocean wave energy is the largest untapped source of renewable energy on the planet. Extracting 1% of the available resource could power 50M homes, saving 100M tonnes of C02. To date, wave energy has been too expensive, and the development path for utility-scale devices is risky.

Mocean Energy is developing a wave energy converter that can produce significant energy, is mechanically simple, and can survive large storms. Our business model is to develop small devices for niche applications such as offshore platforms and fish farms, which will reduce cost and risk and provide a pathway to the utility market.”

Low Carbon Ideas Lab

The Low Carbon Ideas Lab, based at the Edinburgh Centre for Carbon Innovation, provides support, mentoring and world class accommodation for inspirational ideas that accelerate Scotland’s progress towards a low carbon economy.

ECCI’s Ideas Lab offers tailored support, competitive bursaries, University of Edinburgh links and access to ECCI’s community of key sector players.

Launched in October 2014, the lab has gone through four rounds of recruitment, supporting thirteen entrepreneurs from various sectors (water, smart cities, transport, big data) who have collectively achieved a significant impact.

Find out more

edinburghcentre.org/Ideas-Lab.html

moceanenergy.com