Orbital Marine Power Ltd.

Management Reports • Dec 9, 2025

National Storage Mechanism | Additional information

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 ('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 - 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

Media contact at Orbital Marine Power:

Sarah Clark, Marketing and Media Manager: [email protected]

Tom Gillingham, Charlotte Street Partners: [email protected] 

About Scottish Enterprise 

Scottish Enterprise (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.

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:

[email protected] / 07531525392

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