The new 800kW device will measure 26mt by 16mt. Aquamarine Power claims that the device will deliver 250% more power than the original Oyster 1, which was deployed at the European Marine Energy Centre (EMEC) in Orkney last summer.

The company will begin deployment of three Oyster 2s at EMEC in summer 2011. All three devices will be linked to a single onshore 2.4MW hydro-electric turbine.

Martin McAdam, CEO of Aquamarine Power, said: “When Oyster 2 is installed next summer it will be another step on our journey to building the world’s first commercial wave farm.

“We are grateful to the UK government for supporting the development of Oyster 2 through funding from the Marine Renewables Proving Fund (MRPF), which is managed by the Carbon Trust. Continued government support is required to enable companies such as Aquamarine Power to capitalize on their technology and build a world-leading marine energy industry in the UK.”