Having won support from Carbon Trust back in 2009, the team has been locked in talks with potential investors in an attempt to raise the necessary funds to take the project to the next stage. To aid this process, Brewin Dolphin was appointed financial advisor in January with the aim of raising a pre-float of £6m to build the biggest rubber tube ever made. This comes after an independent review by international consulting engineers Black & Veatch who stated that Anaconda will indeed be one of the most cost-effective ways of converting wave energy into usable energy. Des Crampton, chief executive at Checkmate Seaenergy hopes that the pre-float budget will allow the team to create a full-size device.
“We are working with Brewin Dolphin to help achieve full commercialisation of the Anaconda Wave Energy Converter”, explains Crampton. “We believe Anaconda will offer a cost effective means to capture the enormous amount of energy available globally in offshore waters and can play an important part in achieving the UK’s climate change target of at least 15 per cent of energy generation to come from renewable sources by 2020.” Anaconda’s unique ability to harness wave energy has global benefits with potential sites identified in the UK, Europe, Canada, United States, Australia, New Zealand, South Africa and South America.
The Department of Energy and Climate Change in Whitehall has also shown a lot of interest and enthusiasm in the project . The Minister of State underscored the Coalition Government’s position to support, in a constructive and proactive fashion, the fledgling marine renewables industry and he noted that, assisted by The Carbon Trust, very promising results had been achieved demonstrating that Anaconda has serious potential to drive down the cost of energy in the sector.