The Marine Energy Alliance (MEA) is a 4 year European Territorial Cooperation project running from May 2018 to May 2022. The project has a total budget of €6 million and is finacially supported by Interreg North West Europe, who provides €3.6 million of ERDF funding.
The aim of MEA is to progress the technical and commercial maturity level of early-stage (TRL 3 – 4) marine energy technology companies with the overall goal of reducing the risk of device failure in subsequent demonstration phases.
Via MEA, selected marine energy technology companies are able to receive a suite of tailored expert services that will enable them to realise their ambitions and, more broadly, contribute to the coherent growth of the marine energy industry in general.
Through participation in MEA, companies will gain access to the project partners’ world-leading expertise in marine energy development. Awarded companies will have the chance to work closely together with a transnational team of marine energy experts on both the technical advancement of their technology, as well as the development of their commercial strategy and business plans. Each service offer is intended to put the company’s technology and business firmly on the road towards successful commercialisation.
MEA technical and commercial service portfolio
- Technical services:
- Low TRL test planning and result interpretation
- Numerical simulation and validation
- Technical design optimisation
- Cost-of-system assessment
- Commercial services
- Unique Selling Point (USP) definition
- Business case development
- Commercial strategy development
- Launching customer segment identification
- Investment & funding strategy development
Key dates in the call for project
- 17 December 2018 - Opening of the first call of Marine Energy Alliance
- 15 February 2019 - Closing of the first phase of the first call
- 18 March 2019 - Pitch and Q&A
- mid-April - Results for the first call