Orbital Marine Power Ltd

Orbital Marine Power Ltd is a UK-based renewable energy company that is dedicated to revolutionizing the industry through its pioneering floating turbine technology. The company, founded in 2002, has developed a low-cost, predictable, and scalable floating tidal stream technology that sets it apart in the market. This innovative technology eases installation and maintenance access, significantly reducing costs and risks when compared to alternative models. Moreover, it captures strong tidal and river currents, ensuring a higher yield, as these currents are closer to the surface, rather than at the seabed. Orbital Marine Power aims to be at the forefront of clean energy provision and is committed to supporting net zero ambitions in the UK and globally. The company does not only focus on UK waters but also has an eye on the global market, with a portfolio of multi-MW tidal stream projects and a pipeline of multi-GW opportunities. In its latest funding round, Orbital Marine Power secured an impressive £8.00M debt financing investment on 04 July 2022, with the backing of Scottish National Investment Bank and Abundance Investment. This financing is a testament to the company's potential and the confidence that reputable investors have in its technology and vision.