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The company has two primary goals: technology development and commercial project...<a class="vbp-toggle-more tradevibes_toggle_button discovery_interesting" onclick="tradevibes_toggle_description(event);">More&raquo;</a></p>\n\t\t\t<p class="vbp-description vbp-description-long vbp-hide tradevibes_hidden">Marine Current Turbines (MCT) is the world leader and first mover in marine current and tidal stream energy. The company has two primary goals: technology development and commercial project development/installation. MCT\'s world lead in the development of this new technology, has at last opened the door to the until-now unreachable power of the oceans. <br/><br/>MCT installed the world\u2019s first offshore tidal turbine near Lynmouth off the coast of Devon in May 2003 and is now completing installation of the world\u2019s first commercial scale tidal turbine, the 1.2 MW SeaGen, in Strangford Narrows in Northern Ireland.  This is the forerunner for a commercial product soon to be widely deployed in the vital quest for clean energy from the oceans.<br/><br/>SeaGen is the only existing example  in the world of tidal turbine technology of a scale and performance capability capable of unlocking the potential of tidal stream and marine current energy on a commercial scale.<a class="vbp-toggle-more tradevibes_toggle_button discovery_interesting" onclick="tradevibes_toggle_description(event);">&laquo;Less</a></p>\n\n\t\t\t<div class="vbp-category">\n\t\t\t\t<h5>Overview</h5>\n\t\t\t\t<p><strong>Location:</strong> \tBristol, United Kingdom\n</p>\n\t\t\t\t<p><strong>Industry:</strong> Greentech</p>\n\t\t\t\t<p><strong>Employees:</strong> 15</p>\n\t\t\t\t<p><strong>Tags:</strong>\n\t\t\t\t<a href="http://venturebeatprofiles.com/company/tag_list?tag=tidal+currents">tidal currents</a>,\n\t\t\t\t<a href="http://venturebeatprofiles.com/company/tag_list?tag=marine+turbines">marine turbines</a>,\n\t\t\t\t<a href="http://venturebeatprofiles.com/company/tag_list?tag=renewable+energy">renewable energy</a>,\n\t\t\t\t<a href="http://venturebeatprofiles.com/company/tag_list?tag=tidal+energy+systems">tidal energy systems</a>,\n\t\t\t\t<a href="http://venturebeatprofiles.com/company/tag_list?tag=CURRENT+ENERGY">CURRENT ENERGY</a>,\n\t\t\t\t<a href="http://venturebeatprofiles.com/company/tag_list?tag=currents">currents</a>,\n\t\t\t\t<a href="http://venturebeatprofiles.com/company/tag_list?tag=oceans">oceans</a>,\n\t\t\t\t<a href="http://venturebeatprofiles.com/company/tag_list?tag=tides">tides</a>,\n\t\t\t\t<a href="http://venturebeatprofiles.com/company/tag_list?tag=tidal+energy">tidal energy</a>\n\t\t\t\t</p>\n\t\t\t</div>\n\n\t\t\t<div class="vbp-category">\n\t\t\t\t<h5>Financials</h5>\n\t\t\t\t<p><strong>Latest Funding:</strong> Series A - $9.6M (04/2004)</p>\n\t\t\t\t<p><strong>Investors:</strong>\n\t\t\t\t\t\n\t\t<a class="discovery_interesting" href="http://venturebeatprofiles.com/investor/profile/republic-of-ireland?src=widget">Republic of Ireland</a>,\n\t\t\t\t\t\n\t\t<a class="discovery_interesting" href="http://venturebeatprofiles.com/investor/profile/hazel-capital?src=widget">Hazel Capital</a>,\n\t\t\t\t\t\n\t\t<a class="discovery_interesting" href="http://venturebeatprofiles.com/investor/profile/edf-energy?src=widget">EDF Energy</a>,\n\t\t\t\t\t\n\t\t<a class="discovery_interesting" href="http://venturebeatprofiles.com/investor/profile/bankinvest?src=widget">BankInvest</a>,\n\t\t\t\t\t\n\t\t<a class="discovery_interesting" href="http://venturebeatprofiles.com/investor/profile/triodos-bank?src=widget">Triodos Bank</a>\n\t\t\t\t</p>\n\t\t\t</div>\n\t\t</div><!-- col -->\n\t\t<div class="vbp-right-col vbp-col">\n\t\t\t<div class="vbp-category">\n\t\t\t\t<h5>Market</h5>\n\t\t\t\t<p><strong>Competitors:</strong>\n\t\t\t\t\t\t<a class="discovery_interesting" href="http://venturebeatprofiles.com/company/profile/minesto?src=widget">Minesto</a>,\n\t\t\t\t\t\t<a class="discovery_interesting" href="http://venturebeatprofiles.com/company/profile/orecon?src=widget">OreCon</a>,\n\t\t\t\t\t\t<a class="discovery_interesting" href="http://venturebeatprofiles.com/company/profile/pelamis-wave-power?src=widget">Pelamis Wave Power</a>\n\t\t\t\t</p>\n\n\t\t\t\t<p><strong>Related Companies:</strong>\n\t\t\t\t\t<a class="discovery_interesting" href="http://venturebeatprofiles.com/company/profile/orecon?src=widget">OreCon</a>,\n\t\t\t\t\t<a class="discovery_interesting" href="http://venturebeatprofiles.com/company/profile/pelamis-wave-power?src=widget">Pelamis Wave Power</a>,\n\t\t\t\t\t<a class="discovery_interesting" href="http://venturebeatprofiles.com/company/profile/minesto?src=widget">Minesto</a>\n\t\t\t\t</p>\n\t\t\t</div>\n\n\t\t\t<div class="vbp-news">\n\t\t\t\t<h5>Recent News</h5>\n\t\t\t\t<p><a href="http://venturebeatprofiles.com/news/view/marine-current-turbines?article=81214">\n\t\t\t\t\t<em>Jan  5, 2009</em>\n\t\t\t\t\t<strong>Tidal Power System Hits Record Output</strong>\n\t\t\t\t</a></p>\n\t\t\t</div>\n\n\t\t</div><!-- col -->\n\t</div><!-- content -->\n\t<p class="vbp-footer">\n\t\t<a href="http://venturebeatprofiles.com/company/profile/marine-current-turbines?src=widget">Marine Current Turbines Company Profile</a> powered by <a href="http://venturebeatprofiles.com/?src=widget">VentureBeat Profiles</a>.\n\t</p>\n</div><!-- widget -->\n'
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