Marine Energy Wales (MEW) has secured a new three-year grant worth £150,000 a year from the Welsh government supporting its work until 2025.
MEW is a single point of access for all forms of marine energy – wave, tidal stream, tidal range and floating offshore wind – bringing together business, academia and the public sector to establish Wales as a global leader.
The current extension will allow MES to tailor specialist support for the floating offshore wind sector.
Welsh Government Economy Minister Vaughan Gething said: “I’m pleased we’ve been able to provide this funding package to Marine Energy Wales, which will support the development of emerging marine energy technologies.
“This is part of our wider efforts to establish Wales as a global leader in sustainable emerging offshore renewable generation.”
A new MEW satellite office has also been established in Anglesey to support the growth of the tidal energy industry in North Wales.
MEW project manager Jay Sheppard said: “Having a physical presence in the region will help us improve our on the ground stakeholder engagement, working alongside our members, such as Minesto and Morlais, who are involved in growing the tidal energy industry in North Wales, and allowing us to better support them in their respective activities.”