A Scottish renewable firm has awarded a £2 million contract for the design and construction of a tidal stream device.
Swiss firm ABB has been awarded the contract to design Aquamarine's 2.4-megawatt Neptune device.
The agreement also includes the installation and commissioning of the device in the European Marine Centre in Orkney.
Martin McAdam, chief executive of Aquamarine, said: "With 20 years' experience in the wind-power sector, ABB is the right company to deliver our first tidal-power generating system."
Scotland is bidding to become a global centre for ocean energy, with First Minister Alex Salmond having voiced his desire to make the country the 'Saudi Arabia' of marine power.
The government recently launched a £10 million prize, which will be awarded to a renewable firm which develops a wave of tidal power technology which delivers 100 gigawatt hours over a continuous two-hour period.
According to Mr Salmond, the Saltire Prize has attracted interest from around the world.
Sign up for regular email updates to help you save money and energy
For regular email updates please submit your email address below.
Call 0800 512 012 for free, independent and local energy saving advice
Click here to request a call back from your local advice centre.
Latest News