£8 Million Investment in Marine Power Systems for Deep-Water Wind Technology in Wales
Marine Power Systems (MPS) secures £8 million to commercialize its PelaFlex wind turbine platform for deep-water applications. This investment will establish a manufacturing facility in Wales, creating high-value jobs and supporting local supply chains. The funding aims to enhance Wales's offshore wind capabilities, contributing to net zero goals.
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Marine Power Systems (MPS) has received an £8 million investment to advance its PelaFlex wind turbine platform, designed for waters deeper than 60 meters. This funding will facilitate the establishment of a manufacturing facility in Wales, generating skilled jobs and reinforcing local supply chains.
The initiative aligns with Wales's efforts to strengthen its offshore wind sector and supports broader net zero objectives. The investment follows recent successes in Contract for Difference auction rounds aimed at enhancing the supply chain for offshore wind.
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