Release Date: 7 October, 2021
Orbital Marine Power (Orbital) has been chosen as one of only twelve companies invited to take part in the Global Investment Summit (GIS), hosted by the Prime Minister and supported by members of the Royal Family, taking place 19th October in London.
The Summit programme and sessions aim to showcase the most innovative green technologies and companies already operating in the UK and will highlight the UK’s leading global position and commitment to Net Zero.
Working towards delivery of the Prime Minister’s Ten Point Plan for a Green Industrial Revolution, the Summit will bring 200 of the world’s most prominent decision makers, C-Suite executives, and investors to the UK.
Minister for Investment Gerry Grimstone said, “The Global Investment Summit will put UK innovation on the map and demonstrate how we can use investment to nurture technological developments and propel our economy towards a more prosperous, exciting future.
“Our showcase businesses show why the UK is a global hub for green technology, and I am proud that Orbital Marine Power will be presenting their innovative tidal turbine technology to some of the world’s most high profile investors at the summit.
“Our industries of the future like tidal will not only help ensure a cleaner, greener planet but also create high value jobs in Scotland and across the UK.”
Orbital will be exhibiting their ground-breaking tidal turbine technology that has the ability to unlock strong tidal currents in the world’s oceans as a source of low carbon and predictable energy that can complement global efforts to reach net zero whilst creating a new, green industrial sector.
Orbital recently built and launched the world’s most powerful tidal turbine; the O2, from the Port of Dundee, with the unit now installed in the waters off the Orkney Islands in northern Scotland where it is feeding power into the UK grid. Orbital is focussed on commercialising its pioneering technology through larger scale projects containing arrays of turbines, both in the UK and abroad, with the business presenting a unique investment proposition in the rapidly expanding global market for clean energy.
Commenting on featuring in the Summit, Orbital CEO, Andrew Scott, said: “Being selected to exhibit at the Global Investment Summit is a huge honour for Orbital Marine Power and a unique opportunity for us to showcase our bold vision that can help turn the tide on climate change to some of the most influential investors in the world.”