Scotland’s new wave energy technology development body has opened a £7million innovation competition.
Wave Energy Scotland (WES) is offering funding of up to £4million for a single project to develop power take-off systems.
Businesses are invited to apply for funds to advance their power take-off system designs through testing and on to commercialisation.
Oil and gas services firm Can Group has recorded a boost in turnover and pre-tax profits for the year ending December 2013.
The Aberdeen-headquartered firm, which provides engineering, inspection and trade services to the oil and gas sector, posted a 20% increase in pre-tax profits to £18.5million, from £15.4million previously.
Oil and gas service companies operating out of the UK, and in particular Aberdeen, have not been slow to recognise the huge potential in the emerging African offshore hydrocarbon sector.
