The Welsh Government has invested £8 million in a Swansea company developing cutting edge technology, helping to position Wales as a leader in offshore wind.
Marine Power Systems (MPS) is the UK's leading deep-water wind developer. The funding will help bring its technology to full commercial use.
Around 80% of the world's offshore wind resource sits in water too deep for traditional turbine platforms to reach.
MPS will use the investment to market its PelaFlex wind turbine platform, which can operate at depths beyond 60 metres.
The investment will also lay the foundations for a large-scale manufacturing facility in Wales, creating high-value jobs and strengthening local supply chains, with wider benefits for Wales's net zero ambitions.
The funding follows recent Welsh successes in Contract for Difference auction rounds, supporting the broader goal of building a supply chain capable of servicing the offshore wind sector, including the deployment of turbines in deeper water.
For further information please select the following link: £8 million investment to unlock deep-water offshore wind | GOV.WALES.
Innovation can help your organisation to become more competitive, increase sales and enter new markets. Here you can find out what funding and support is available to help you to innovate: Develop innovative ideas for organisations, products or services | Business Wales.