Orbital Marine Power, the Scotland-based operator of what it describes as the world’s most powerful tidal turbine, has secured a €8 million (£7 million) investment to support its international commercial pipeline and contribute to wider efforts to decarbonise energy systems.
The round brings together existing shareholders, including Scottish Enterprise, alongside new investor PXN Ventures, the combined venture arm of Praetura Ventures and Par Equity. Orbital develops floating tidal turbines designed to generate clean, reliable electricity from tidal currents, with materials and manufacturing sourced across the UK.
The backing follows recent momentum in Canada, where the Province of Nova Scotia awarded Orbital and Eauclaire Tidal Ltd new tidal energy licences through its 2025 procurement process. The company already operates along multiple UK coastal sites, from Orkney to the Isle of Wight, and has established its technology as one of the sector’s most advanced. Engineered to operate in the harshest conditions, Orbital’s turbines aim to offer predictable, weather-independent renewable power.
Speaking on the investment, Andrew Scott, CEO of Orbital Marine Power, said: “We are delighted to see Orbital Marine Power embark on its newest chapter of growth. We warmly welcome PXN Ventures as our new investor, an organisation that shares our vision and passion for Orbital’s role as a clean energy leader. We’re excited to advance the delivery of commercial tidal stream projects whilst driving a meaningful transition to a more sustainable future. We also greatly value the continued support and investment from Scottish Enterprise in this round, which has been instrumental in enabling this partnership to happen”
Orbital plans to double its turbine orderbook after securing contracts for difference with the UK Government for a total of 14.4MW at the European Marine Energy Centre in Orkney. These six turbines will join the company’s existing O2 models, collectively capable of powering around 18000 homes with predictable, continuous, clean energy.
The growing project pipeline represents a wider industrial opportunity for the UK, with Orbital committing to building around £200 million of equipment and maintaining approximately 70% of its supply chain domestically. The company expects this to create sustainable, high-quality jobs and support the expansion of a specialised renewable energy sector.
With strong momentum in Scotland, industry partners suggest the UK is increasingly well placed to become a global centre for tidal-stream energy, complementing its position in offshore wind.
Alastair Moore, Investment Director at PXN Ventures, said: “It is an incredibly exciting time to be joining Orbital Marine Power as an incoming investor. The business is paving the way for tidal stream energy to form part of the energy mix and is another fantastic example of the world-leading innovation coming out of Scotland. As electricity demand increases, Orbital has an important role to play in providing base load energy to grids at home and abroad, and we’re delighted to push them closer to delivering this.”
Derek Shaw, Director of Entrepreneurship and Investment at Scottish Enterprise, added: “Tidal energy is one of Scotland’s most exciting opportunities, and Orbital Marine Power is driving the sector forward with world-leading technology. We’re proud to back the business with further investment and are delighted to welcome new investment from PXN Ventures, one of Scottish Enterprise’s long-standing co-investment partners. By investing in such innovation, we can help Scotland reap the sizeable economic benefits of retaining its world-leading position in tidal, while continuing to drive forward our energy transition.”
Read the orginal article: https://www.eu-startups.com/2025/12/scotlands-orbital-marine-power-secures-e8-million-investment-to-accelerate-commercial-tidal-stream-projects/
