Aquamarine Power Limited (“Aquamarine” or “Aquamarine Power” or the “Company”) is pleased to announce that it has agreed a new five year research partnership (the “Partnership”) with the highly acclaimed Wave Power Research Group at Queen’s University Belfast (“Queen’s”).
Under the Partnership Agreement, Aquamarine and Queen’s will work together to develop the next generation Oyster® wave power device. The new agreement is a key step for Aquamarine, both in terms of strengthening its fundamental research capacity and ensuring that the Company delivers high performance commercial wave power devices, based on the most rigorous research and testing programmes possible.
The Wave Power Research Group has a strong history of collaboration on the development of Aquamarine’s ground-breaking hydro-electric wave power converter, Oyster®. Aquamarine and Queen’s work together has already delivered the feasibility studies, tank testing and numerical modelling for the first Oyster® prototype, due to be launched at sea for the first time this summer at EMEC.