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Orkney wave power firm Mocean Energy secures £2.7 million cash boost

Summary by Ground News
Mocean Energy has raised £2.2 million in new equity as well as being awarded a £500,000 grant. The cash will help the company to drive the commercialisation of its technologies. The Edinburgh firm has also secured a £499,500 Low Carbon Manufacturing Challenge Fund (LCMCF) grant.

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Press & JournalPress & Journal
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Orkney wave power firm Mocean Energy secures £2.7 million cash boost

Mocean Energy, the firm behind the Blue X wave power converter off Orkney, has raised £2.2m in new equity and been awarded a £500,000 grant.

·Aberdeen, United Kingdom
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Press & Journal broke the news in Aberdeen, United Kingdom on Monday, November 13, 2023.
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