£3.7M
The Falmouth based marine engineering firm raised the capital from backers including the British Business Bank and Welsh Ministers to support its Morlais project.
"This latest funding round is crucial to the next stage of this project, allowing us to build a demonstrator that includes a number of turbine improvements and developments. We’re delighted that our investors are backing us on this journey to be part of such an important step in tidal energy infrastructure. FSE in particular has been with us for a several years and it’s exciting to be moving towards an operational project at Morlais."
