Orbital Marine Power has secured a £7 million investment to push ahead with its international tidal energy projects, with PXN Ventures joining existing backers including Scottish Enterprise. 

The funding lands soon after Nova Scotia awarded Orbital new tidal energy licences, strengthening its commercial runway in Canada and beyond. 

Orbital is already scaling fast in the UK, with government-backed CfDs in place for 14.4MW at Orkney’s EMEC site, adding six more turbines to its existing O2 units. 

The company says the expanded pipeline could power around 18,000 homes and deliver a major UK industrial boost, with roughly 70% of an estimated £200m supply chain planned to stay domestic.