A female-founded Scottish clean energy company has secured more than half a million pounds in funding to accelerate the development of its innovative wave energy technology, including backing from the University of Strathclyde.
Aberdeen-based ZOEX Ltd, the UK’s only female-founded wave energy company, has secured £531,000 from a consortium of investors including angel investment syndicate Equity Gap, Scottish Enterprise, and the University of Strathclyde. The funding includes a £196,000 contribution from Innovate UK.
The investment will support the scale-up and long-term testing of ZOEX’s 100kW full-scale wave energy converter prototype, following successful trials in Aberdeen Harbour. The technology will now be tested to evaluate year-round performance and operational resilience in diverse sea conditions.
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