Welsh Government invests in floating wind company Marine Power Systems 

The aim of the investment is to help Marine Power Systems (MPS) scale-up its PelaFlex technology and boosts its commercial trajectory.

PelaFlex is a flexible deep-water platform designed to be cost-efficient, and easy to manufacture for large-scale deployment. Designed from the outset for industrialisation, MPS says the PelaFlex is easier to fabricate and install than other foundations for floating windfarms.

The company says the Welsh Government’s investment will support its transition from advanced technology development to commercial deployment and industrial scale production. It will accelerate the company’s commercial roadmap while supporting plans to develop industrial-scale manufacturing and assembly capability in the UK. This will enable MPS to scale production of its offshore wind platforms to meet growing global demand while creating high-value engineering and manufacturing jobs.

MPS chief executive Dr Gareth Stockman said, “This investment from the Welsh Government is a powerful vote of confidence in Marine Power Systems, our technology and our team. PelaFlex has been designed specifically to unlock deep-water offshore wind, where the majority of the world’s wind resource lies.

“With this support we can accelerate commercialisation, scale deployment and help establish the UK as a global centre for deep-water wind innovation and manufacturing. It is a catalytic step toward making deep-water offshore wind a practical reality at industrial scale.”

Cabinet Secretary for Energy Rebecca Evans said, “This investment in Marine Power Systems is another exciting step in Wales’s journey to becoming a global leader in offshore wind, implementing actions of the Offshore Wind Action Plan.

“Alongside major projects like the Awel y Môr and Erebus windfarms, supporting innovative companies like Marine Power Systems helps us build a high-value supply chain, create skilled jobs and help us meet global and national net zero targets. We have the talent, the technology and the ambition — and this funding helps turn that ambition into reality.”