RCS - Orbital Marine Power - Orbital Marine Power secures £7m investment

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09/12/2025 09:45

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RNS Number : 8174K  Orbital Marine Power Ltd  09 December 2025

9 December 2025

Orbital Marine Power, operator of the world's most powerful tidal turbine,
secures £7m investment

PXN Ventures, the fastest-growing venture-focused investment firm outside
London and the South East, joins existing shareholders to support Orbital's
commercial tidal-stream projects, following new tidal energy licences in
Canada.

December 2025: Orbital Marine Power Ltd (https://www.orbitalmarine.com/)
('Orbital'), the Scotland-based operator of the world's most powerful tidal
turbine, has secured a multi-million pound investment to advance its
international commercial projects and contribute to the wider decarbonisation
of energy.

 

PXN Ventures (https://www.pxnventures.co.uk/) - the combined VC arm of
Praetura Ventures and Par Equity - joined existing shareholders, including
Scottish Enterprise, to invest in Orbital, a company that uses floating tidal
turbines to generate clean, reliable electricity from tidal currents.

 

The investment follows a major vote of confidence from Canada, where the
Province of Nova Scotia recently awarded Orbital and Eauclaire Tidal Ltd
significant new tidal energy licenses through the province's 2025 procurement
process.

 

Orbital harnesses tidal energy along the UK coast, from Orkney to the Isle of
Wight, sourcing its materials and manufacturing domestically. The technology
is the most advanced of its kind, engineered to withstand and operate in the
harshest of conditions, promising to supply predictable power from the world's
tidal streams and ocean currents, regardless of the weather.

 

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 is set to double its turbine orderbook, already having secured CfDs -
power contracts with the UK government - for a total of 14.4MW (six turbines)
at the European Marine Energy Centre (EMEC) site. These will join Orbital's
existing O2 turbines in the waters off the Orkney Islands, together capable of
powering 18,000 homes with uniquely predictable clean power that can meet low
carbon power demands 24/7.

 

The project pipeline offers a unique industrial opportunity for the UK,
delivering significant economic value and long-term growth. Orbital is
committed to building the estimated £200 million of equipment, with around
70% of the supply chain in the UK. This will create high-quality, sustainable
jobs throughout the project's lifecycle, supporting a just transition and
growing the domestic and international market for secure, renewable energy.

 

With its already strong base, particularly in Scotland, the UK is now
well-placed to become a global centre of excellence in tidal 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, said: "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."

 

ENDS

 

 

Notes to editors

In combination with the multi-million pound equity investment, Highlands and
Islands Enterprise has provided non-dilutive funding to support Orbital in
developing and demonstrating local supply chain capabilities in Scotland to
support the company's commercial plans.

 

 

About Orbital Marine Power Ltd.

Orbital is a visionary Scottish renewable energy company focused on the global
application of its pioneering floating turbine technology that can supply
predictable power from tidal streams and ocean currents, every day, regardless
of the weather. Orbital's innovative approach lowers manufacturing and
installation costs while allowing fast, cost-effective maintenance of all
major turbine components. The company's O2, the world's most powerful and
advanced tidal turbine, commenced power generation in July, 2021 in Orkney.
The O2 is a 2MW+ product capable of providing utility-scale, clean energy
whilst supporting a just transition through the creation of sustainable,
quality jobs throughout the project lifecycle.

 

The company has an established portfolio of tidal stream projects supported by
a growing global pipeline of multi-gigawatt opportunities.

 

More information about Orbital can be found here: www.orbitalmarine.com
(http://www.orbitalmarine.com)

 

Media contact at Orbital Marine Power:

Sarah Clark, Marketing and Media Manager: s.clark@orbitalmarine.com
(mailto:s.clark@orbitalmarine.com)

Tom Gillingham, Charlotte Street Partners:
tom.gillingham@charlottestreetpartners.com
(mailto:tom.gillingham@charlottestreetpartners.com)

 

 

About Scottish Enterprise 

Scottish Enterprise
(https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.scottish-enterprise.com%2Four-organisation%2Fwhat-we-do&data=05%7C01%7CJennifer.Stevenson%40scotent.co.uk%7C0d1191de7974494c371208da9d633dee%7C50374495fdde4d04bc5c574982680e19%7C0%7C0%7C637995346803574462%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=ha7x0yPatrN03fkYt865%2FLVlA3B%2FDx2F0gB85A3td3Q%3D&reserved=0)
(SE) is Scotland's national economic development agency and a non-departmental
public body of the Scottish Government. It supports businesses to innovate
and scale to transform the Scottish economy by focusing on new market
opportunities through targeted investment, innovation and
internationalisation. Follow us on LinkedIn
(https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fscottish-enterprise%2F&data=05%7C01%7CJennifer.Stevenson%40scotent.co.uk%7C0d1191de7974494c371208da9d633dee%7C50374495fdde4d04bc5c574982680e19%7C0%7C0%7C637995346803574462%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=jkYl%2F3AGjZu2iigGB3LhyeoX5KNkjzNCu9NSTUGixBU%3D&reserved=0)
.

 

 

About PXN Ventures

PXN Ventures is the venture capital arm of PXN Group, formed as a result of
two of the North's best fund managers (Praetura Ventures and Par Equity)
coming together to create an investor that the region deserves. With offices
in Manchester, Edinburgh, Leeds and London, we deliver world-class investment
programmes at scale to help build the Northern economy, supporting founders
across a diverse range of sectors, including deep tech, life sciences and
software. PXN Ventures is committed to backing early-stage founders across the
North of the UK, with a long and growing list of northern success stories in
our portfolio that have received early backing from PXN, including Modern
Milkman, Phlo, AccessPay, Street Group and Advanced Electric Machines. As well
as its EIS, VCT and institutional funds, including the GMC Life Sciences Fund
II, PXN Ventures is the North West fund manager for the Northern Powerhouse
Investment Fund II, which is managed on behalf of the British Business Bank.

 

Media contacts at PXN Group:

pxngroup@wordsandpixels.co (mailto:pxngroup@wordsandpixels.co) / 07531525392

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