We have worked closely with the UK Government since our
inception to ensure that UK policies are closely aligned to the
needs of the growing marine energy sector. Many policy areas
relating to marine energy, such as UK energy policy, energy market
regulation, grid infrastructure, tax policy and industry funding
are regulated on a UK-wide basis.
The UK Government's Department of Energy and Climate Change
(DECC) is responsible for all aspects of UK energy policy and for
tackling global climate change on behalf of the UK. DECC was
created in October 2008, to bring responsibility for these two
policy areas under one department.
We work closely with MPs, ministers and government officials at
DECC to ensure good communications between industry and government
and to ensure a clear and coordinated approach to marine energy
policy development across the UK.
Our CEO Martin McAdam is a member of the UK Marine Energy
Programme Board, set up by DECC with the purpose of accelerating
marine energy development in the UK.
We also work with the Department of Business Innovation and
Skills and the UK's Scotland Office.
We have been awarded significant funding from the UK Government,
including £5 million in 2010 from the MRPF fund (Marine Renewables
Proving Fund) to support the development of our Oyster 800
wave energy device. The MRPF is a £22 million initiative,
which is funded by DECC and managed by the Carbon Trust. The fund
aims to accelerate the development of the leading and most
promising marine energy devices towards the point where they can be
deployed on a commercial scale.
Britannia really could rule the waves when it comes to marine renewable energy. We are extremely well placed to lead the world in wave and tidal technologies, which could potentially bring significant benefits in manufacturing and jobs, as well an abundant supply of reliable low-carbon electricity.Tim Yeo MP
Chair of the House of Commons Energy and Climate Change Committee