Wave power firm Mocean Energy raises new funding

Wave power company Mocean Energy has secured new investment to accelerate the commercial roll-out of its ground-breaking technology.

The Edinburgh firm has raised £730,000 from existing funders, led by angel syndicate Equity Gap, together with Old College Capital, the University of Edinburgh’s in-house venture investment fund, and Scottish Enterprise.

The new funds will enable Mocean to advance the design of its next-generation Blue Star wave machine and drive its adoption in subsea oil and gas.

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