Marine Power Systems (MPS) states that it has developed a technology that can harness wind power, wave power or combined wind and wave energy at grid scale. It argues that governments worldwide are looking for alternative sources to meet global energy consumption needs. MPS endeavours to usher in an energy revolution and become a contender in the floating offshore energy market that is set to be worth over $100 billion by 2035. MPS claims to have successfully tested its medium-scaled prototype in the ocean, demonstrating the ease of transportation, deployment, and showcasing the devices ability to generate grid compliant electricity. The company has been awarded a £12.8 million grant by the European Union (EU) to deliver a full scale, grid-connected commercial demonstrator in 2022. It says it will use the investment to conduct its final phase of development and testing before taking its devices to market in Q1 of 2024.
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Marine Power Systems Rating Review
Pitch rating powered by CROWDRATING™
Rated on 15/07/2021
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£63,012,581
pre-money valuation
6.18%
equity available
2,829
investors
£1,467
pledge per investor
06669123
company number
Active
company status
11/08/2008
incorporated 16 years
£17.91
share price
News
Baker Hughes and Marine Power Systems shake hands to electrify oil & gas - Offshore Energy
16/08/2023 Offshore Energy
Tadek assesses floating offshore wind platforms for Marine Power Systems - Offshore Energy
25/03/2024 Offshore Energy
RWE commissions study with Swansea-based Marine Power Systems into Celtic Sea opportunities for ports and ... - RWE
06/10/2022 RWE
Angels make waves investing in Marine Power Systems - Development Bank of Wales
27/05/2021 Development Bank of Wales
Marine Power Systems and FibreMax collaborate on floating foundation moorings - 4C Offshore
01/02/2023 4C Offshore
EMEC to host Marine Power Systems’ wave energy array - The Engineer
10/08/2022 The Engineer
Marine Power Systems to Deploy Its Floating Wind Platform at PLOCAN - Offshore WIND
27/04/2023 Offshore WIND
Marine Power Systems, Simply Blue to Develop Floating Wind Project Offshore Scotland | Offshore Wind - Offshore WIND
25/10/2022 Offshore WIND
Marine Power Systems, WavEC Unveil Floating Wind Project in Portugal - Offshore WIND
12/10/2022 Offshore WIND
Marine Power Systems seeks consultant for final evaluation of WaveSub - Offshore Energy
27/01/2023 Offshore Energy
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