| Summary: | Various companies and developers are preparing for extensive testing of commercial demonstration projects or pilot plants within the ocean and tidal power market, while advanced ventures have entered regular operation. RWE has announced a Wave energy project, Siadar, a 4MW development in Scotland using an oscillating column device from Wavegen, part of Voith Hydro. European Marine Energy Research Center (EMEC), which helps developers test devices and prototypes. Atlantis Resources Corporation for example, successfully raised £3.7 million from existing shareholders to test the AK1000 turbine at EMEC in Orkney. Hammerfest Strøm, a long time contributor to tidal energy development, is now operating out of Scotland, and recently received funding for trials of its 1 MW turbine prototype at EMEC. Ocean Power Technologies (OPT), a wave energy technology company, announced an investment of about US$6 million, which will help build the company's PowerBuoy, and also fund its installation off the coast.
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