"It’s this sort of project which will help the UK meet our ambitious targets to significantly increase the amount of energy from renewable sources.

"I am proud that my department has played a part in the development of SeaGen, granting £5.2 million of funds to help take it from the drawing board.

"Marine power has the potential to make a significant contribution to our energy generation needs, and I hope the success of this project will inspire others to follow its lead."

John Hutton, Secretary of State for Business Enterprise and Regulatory Reform.