About us: Partners and funders

Technology Strategy Board

Technology Strategy Board

The Technology Strategy Board is an executive non-departmental public body, established by the UK Government in 2007 to stimulate technology-enabled innovation in areas which offer the greatest scope for boosting UK growth and productivity.

The Technology Strategy Board provided early financial support which helped us, with partners, to develop our first full-scale Oyster wave energy converter.  Our projects have continued to be successful in its funding competitions and in July 2010 we were awarded funding for a 30 month collaborative R&D project between Aquamarine Power and BAE Systems.

Aquamarine Power was one of 20 companies selected by the Technology Strategy Board to participate in the Clean and Cool Mission to San Francisco in 2010.  The Clean and Cool Mission 2010 gave some of the UK's leading clean technology companies the opportunity to engage with top US technology businesses in Silicon Valley.

By 2050, world energy demands will be vastly different from today, making it imperative that our growing renewable energy industry continues to develop new solutions. In marine energy, the UK’s huge resource puts us in a unique position to become a global leader. Technologies such as Aquamarine Power’s innovative Oyster wave energy converter have the potential to become an important part of the future renewable energy mix.
Iain Gray, Chief Executive
Technology Strategy Board

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