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Carbon Trust

The Carbon Trust, Narec and Ocean Energy Innovation are to locate the new £50m Offshore Renewable Energy Catapult centre in Glasgow and Northumberland, in order to provide a focus for offshore wind, tidal and wave power.

Carbon Trust is to award £22m to six companies involved in the development of wave and tidal energy, including Aquamarine Power, Atlantis Resources, Marine Current Turbines and Pelamis Wave Power.

The Carbon Trust has announced plans to provide up to £75m of funding to developers of low-carbon energy technology, as part of a government programme to reinvest some of the proceeds of the climate change levy in industry.