Established in 2003, EMEC was set up by a grouping of public sector organisations following a recommendation by the House of Commons Science and Technology Committee in 2001.
To date, around £39 million of public funding has been invested in the Centre by the Scottish Government, Highlands and Islands Enterprise, The Carbon Trust, UK Government, Scottish Enterprise, the European Union and Orkney Islands Council.
The Board of EMEC is extremely grateful that the public sector recognises the importance and potential of the marine renewable industry in this way and is proud to report that, in 2011, EMEC became financially self-sufficient. This is largely due to the heightened activity on site during the previous year.
EMEC is a not for profit, private company, limited by guarantee.