The investment from the Departments for Business, Innovation and Skills (BIS) and Energy and Climate Change (DECC), is part of a £19.5m fund earmarked for investment in marine energy projects in the region.
The funding has been secured by the South West RDA (Regional Development Agency).
The infrastructure project includes a new bridge, construction of a new road, flood protection works and restoration of harbour walls on North Quay at Hayle.
These engineering works will enable access to the site of a proposed marine renewable business park and is expected to support 190 jobs.
It is expected to complement the South West RDA’s £42m Wave Hub project, which is creating the world’s largest test site for marine energy devices 10 miles off the north coast of Cornwall.
Invinity to build 20MWh flow battery in UK
A surprising comment for someone who (I think you´ve said in the past) worked in the industry. National Grid have a variety of reserve service schemes...