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£10m marine energy prize unveiled | £10m marine energy prize unveiled |
(about 5 hours later) | |
A £10m prize for innovation in renewable marine energy is to be announced by the first minister during his trip to the US. | A £10m prize for innovation in renewable marine energy is to be announced by the first minister during his trip to the US. |
Alex Salmond will give more details of the Saltire prize in a Scotland Week event at National Geographic's world headquarters in Washington. | Alex Salmond will give more details of the Saltire prize in a Scotland Week event at National Geographic's world headquarters in Washington. |
He believes the economy could reap huge rewards by sponsoring research in wave and tidal technology. | He believes the economy could reap huge rewards by sponsoring research in wave and tidal technology. |
Mr Salmond will also urge US firms to choose Scotland as a European base. | Mr Salmond will also urge US firms to choose Scotland as a European base. |
It is thought the seas around Scotland could generate a quarter of Europe's tidal power and 10% of the continent's wave energy. | It is thought the seas around Scotland could generate a quarter of Europe's tidal power and 10% of the continent's wave energy. |
The government hopes its offer of £10m will inspire scientists from across the world to work out new ways of cashing in on marine renewables. | The government hopes its offer of £10m will inspire scientists from across the world to work out new ways of cashing in on marine renewables. |
It will be the world's biggest prize in marine renewables and it will be treated extraordinarily seriously Alex SalmondFirst Minister Glenn Campbell's Tartan diary | It will be the world's biggest prize in marine renewables and it will be treated extraordinarily seriously Alex SalmondFirst Minister Glenn Campbell's Tartan diary |
It has been billed as the world's largest single prize for marine power technology. | It has been billed as the world's largest single prize for marine power technology. |
To be eligible for the prize, innovations must be commercially viable and be demonstrated in Scotland. | To be eligible for the prize, innovations must be commercially viable and be demonstrated in Scotland. |
Mr Salmond told BBC Scotland that he was confident the link-up with National Geographic would ensure entries were attracted from across the world. | Mr Salmond told BBC Scotland that he was confident the link-up with National Geographic would ensure entries were attracted from across the world. |
He added: "This is going to have a huge impact. It will be the world's biggest prize in marine renewables and it will be treated extraordinarily seriously. | He added: "This is going to have a huge impact. It will be the world's biggest prize in marine renewables and it will be treated extraordinarily seriously. |
"The history of such innovation prizes shows that they repay their investment many, many times over. | "The history of such innovation prizes shows that they repay their investment many, many times over. |
"I think it is exciting news and an exciting day for Scottish renewables, and for marine renewables in particular." | "I think it is exciting news and an exciting day for Scottish renewables, and for marine renewables in particular." |
But Mr Salmond was criticised by Scottish Liberal Democrat leader Nicol Stephen, who said: "Marine renewable technology needs sustained investment, not recycled gimmicks." |