Verlume

Energy major Shell has joined the Renewables for Subsea Power (RSP) collaborative project which is currently powering subsea equipment off the coast of Orkney through a combination of wave power and subsea energy storage. The £2 million demonstrator initiative, which is currently nearing 12 mo

Thai state petroleum company PTTEP has joined a collaborative green technology initiative based in Scotland, aimed at demonstrating the potential of wave-powered subsea equipment. The project, dubbed Renewables for Subsea Power (RSP), includes a £2 million demonstrator initiative which is curr

Clean energy company Verlume has secured £7.2 million in funding, with £6.6m provided by the Scottish National Investment Bank, to support its expansion plans. The Aberdeen-based firm specialises in intelligent energy management technology that enables a constant power output from renewa

Aberdeen-based intelligent energy management and storage technologies specialist, Verlume, has received a £2.5m investment from a consortium led by Par Equity. Par Equity, a venture capital firm based in Edinburgh, specialises in investing in innovative technology companies and was joined by e