Glastonbury-based wave energy firm announces it is in the market for 30 engineers, graduates, and interns, having secured £50m in investment
A wave energy start-up backed by one the UK's richest men has today announced it is planning to recruit 30 more people to its expanding team.
Glastonbury-based Wavepower confirmed today it is looking to appoint "talented engineers and graduates to play pivotal roles in the next stage of its exciting growth".
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The recruitment drive will see the company quadruple in size as it looks to bring its floating wave energy generation units to market.
The company said it would recruit 15 experienced engineers now, alongside 10 engineering graduates to start this summer as part of a new engineering graduate scheme. In addition, five engineering students will be taken on through an internship scheme.
The company has secured £50m investment, including funding from Adam Norris (pictured on the left with David Rubie-Todd), founder of Pensions Direct and a regular member of the Sunday Times Rich List.
"We are looking to recruit talented individuals who think outside the box and fit into our forward-thinking ethos," said Norris in a statement. "Our goal is to make a device that can make electricity at a commercially viable price. We also hope to make a difference to mankind. We believe we can make a huge impact in the wave industry."
His comments were echoed by chief executive David Rubie-Todd, who founded the company 18 months ago.
"We are looking for creative problem solvers who will get lots of freedom and responsibility as they join us at an exciting stage in the company's history," he said. "Having £50m in funding from the start of our journey gives us the ability to think long-term. We can set a strategy and stick to it. But we can also explore ideas others simply haven't had time to because of a funding deadline."
The represents a boost to a wave power sector that has been hit by several insolvencies in recent months.
It also comes on the same day as the Meygen project to deliver the world's largest tidal stream energy array off the coast of Scotland published an update confirming it remains on track to "deliver clean, reliable, predictable tidal power to Scotland this summer".
The project said it had made "excellent progress" on the construction of onshore Power Conversion Utility Buildings and grid connection work, while work was proceeding rapidly to assemble three 1.5MW tidal turbine generators for the first phase of the project.
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