Aquamarine Power Ltd. has signed a development agreement with Airtricity, the renewable energy development division of Scottish and Southern Energy. The contract is being touted as the biggest deal in the history of marine energy.
Under the agreement, the two companies will enter into a 50:50 joint venture to develop wave and tidal energy sites capable of hosting 1,000 megawatts of marine energy in the UK and Republic of Ireland. Work on the development of the first two sites has already started, with plans to roll out further sites over the next three years. The sites are expected to be completed by 2020.
The two companies’ goal is to deliver marine energy sites suitable for deploying Aquamarine’s market-leading wave and tidal technologies, including the Oyster Wave Energy Converter and the Neptune Tidal Device.
Last October, Morgan Stanley and Atlantis Resource Corp. announced they are planning a large off-grid computer data center in Scotland, powered directly by tidal energy.
Morgan Stanley is aiming to attract customers such as Google, who have fast growing computing capacity needs. However, Google has already been looking into powering its own data centers with waves. Last year, the company filed a patent for a “water-based data center,” which uses ocean surface waves to power and cool the facility.