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£10 Million Sea Power Challenge

Scotland sets terms for Saltire Prize

2 min read

Scotland is finalizing the terms of a contest in wave and tidal energy that takes inspiration from the prize that prompted Lindbergh's transatlantic flight in 1927 and successors like the X Prizes and the Virgin Earth Challenge. The aim of the contest is to make ocean energy more than just a technical curiosity and, not so incidentally, give the country's inventors and entrepreneurs a boost in an area where they have some obvious advantages--suitable geography, friendly government policies, and a head start in engineering.

Dubbed the Saltire Prize, after the cross that is the central element in Scotland's flag, the prize of £10 million (about US $16 million) will be awarded in five years. Contestants will need the time to devise and demonstrate their technology because, by all accounts, Saltire is a very challenging challenge, so much so that only a Scottish company may be able to win it.

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Greg Mably

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