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Marine money

Tidal energy company Sustainable Marine Energy (SME) has secured equity investment totalling £3.46 million to further develop its PLAT-I tidal energy platform.

The Scottish Investment Bank (SIB) committed
£1 million on behalf of the Scottish Government via the latter’s Energy Investment Fund (EIF). Marine propulsion and renewable energy company Schottel Hydro contributed £2.46 million.

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