The three-year project, to be conducted along with the University of Edinburgh and ScottishPower Renewables, would provide solutions to some of the current issues to meet the needs of the growing wave and tidal industry while helping to unlock the UK’s renewable resources.
The campaign will determine individual components of the energy yield estimation process and priority areas will be highlighted.
The highlighted areas will be further quantified to determine where the biggest reductions can be achieved, as part of the University of Edinburgh’s Industrial Doctoral Centre for Offshore Renewable Energy (IDCORE).
The next step of the project includes development of improved measurement techniques, modelling tools and yield prediction processes.
SgurrEnergy innovation director Alan Mortimer said resolving the issue would help to secure greater investment for technologies and for projects, and encourage faster growth in the sector.
"The reduction of energy yield uncertainty is seen as a priority area for the wave and tidal industry to move forward," Mortimer added.
ScottishPower Renewables senior marine engineer Barry Carruthers said: "Energy yield uncertainty is a key consideration for wave and tidal investments and its reduction is paramount to the development of the sector.
"The findings of this research project will deliver greater understanding of risk reduction in the industry, making investment in wave and tidal a more attractive offer and ensuring certainty of this exciting sector."
