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Aquamarine Power

Aquamarine Power was a British wave energy company, founded in 2005 to commercialise the Oyster wave energy converter, a device to capture energy from near-shore waves. They tested two versions of the Oyster device at the European Marine Energy Centre in Orkney.

They also worked on the development of the Neptune tidal turbine between 2007 and 2009.

The company's head offices were in Edinburgh, Scotland. Aquamarine Power ceased trading in November 2015.

The Oyster concept originated from studies conducted in 2003 by the wave power research team at Queen's University Belfast, led by Professor Trevor Whittaker. The studies were co-funded by the Engineering and Physical Sciences Research Council and Allan Thomson, who had previously founded and led the UK's first commercial wave energy company, Wavegen.

In 2005, Thomson founded Aquamarine Power to progress the commercialisation of the Oyster device. In 2007, Scottish & Southern Energy subsidiary Renewable Technology Ventures Limited invested in Aquamarine with a further investment in 2010. In February 2009, Aquamarine Power and Queen's University signed an agreement to extend their R&D partnership to 2014.

In February 2009, Aquamarine Power signed an agreement with renewable energy company Airtricity, a subsidiary of Scottish & Southern Energy, to develop marine energy sites using the Oyster system.

In November 2009, the first full-scale, 315 kW, Oyster demonstrator began producing power when it was launched at the European Marine Energy Centre (EMEC) Billia Croo wave test site off the west coast of Mainland Orkney.

The second generation Oyster 2 – also called Oyster 800 (based on 800 kW rated power) – was tested at EMEC between 2012 and 2015. The plan was to install three devices (2.4 MW total installed capacity) at Billia Croo, but only one was installed. The project was provisionally dubbed the Orkney Wave Power Station.

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