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Marine energy gets £3m cash boost Marine energy gets £3m cash boost
(1 day later)
More than £3m has been pledged to help reduce the costs of harnessing tide and wave energy. More than £3m has been pledged to help reduce the costs of harnessing tide and wave energy by the Carbon Trust.
The Scottish Executive believes the investment will help Scotland lead the world in the industry. The Scottish Executive believes the investment from the government-funded organisation will help Scotland lead the world in the industry.
At present the energy produced from the tide and waves is expensive because the industry is relatively young and development costs are high.At present the energy produced from the tide and waves is expensive because the industry is relatively young and development costs are high.
To help the industry, the executive is providing cash to fund research and improve technology. The cash will help fund research and improve technology.
Supporters of wave and tidal power say a fifth of the country's energy needs could come from marine sources in the future.Supporters of wave and tidal power say a fifth of the country's energy needs could come from marine sources in the future.
However, this relies on the price of the technology coming down.However, this relies on the price of the technology coming down.
Scotland has some of the biggest marine energy resources in Europe and it is hoped the money will strengthen the country's position as a world leader in the industry.Scotland has some of the biggest marine energy resources in Europe and it is hoped the money will strengthen the country's position as a world leader in the industry.