Completed Clean Energy Economics & Business

Offshore Renewable Energy Catapult Limited Interim Funding - Property Establishment

In plain English

AI plain-English summary

The Offshore Renewable Energy Catapult is receiving a grant to secure and fit out a new physical premises—a dedicated workspace and laboratory facility for testing marine energy technologies. This matters because the UK has set ambitious targets for generating electricity from offshore wind, wave, and tidal power, but lacks sufficient physical infrastructure to develop and scale these technologies efficiently. The Catapult’s current facilities are inadequate for the growing number of companies and researchers working on next-generation renewable energy systems. Without a proper base, promising prototypes cannot be tested, refined, or brought to market quickly enough to meet national decarbonisation deadlines. If this property establishment succeeds, the new premises will provide a permanent hub where engineers can build, test, and improve offshore energy devices under realistic conditions. This directly supports the UK’s energy grid by accelerating the deployment of reliable, low-carbon power sources. It also strengthens the supply chain for turbine blades, mooring systems, and subsea cables—components that keep the country’s electricity infrastructure running. The grant is a practical investment in the physical space needed to turn renewable energy concepts into working hardware.

View original technical description
To provide a grant (and guarantee in favour of the landlord) to the Offshore Renewable Energies Catapult to meet the costs and obligations of the proposed Premises and fit out.

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Original classification

Centres

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