# Marine Power Systems

**Source:** https://www.startuphub.ai/startups/marine-power-systems
**Profile type:** Startup

> Developer of floating offshore wind and wave energy technology for deep-water deployment.

## About

Marine Power Systems (MPS) is a UK-based company that develops innovative floating platform technology for industrial-scale floating offshore wind and wave energy generation. Their PelaFlex platform is designed for deep-water sites where fixed foundations are not viable, aiming to reduce costs and complexity while maximizing energy yields. MPS also develops wave energy converters like PelaGen.

## Key facts

- **Slug:** marine-power-systems
- **Website:** https://www.marinepowersystems.co.uk/
- **Location:** Swansea, United Kingdom
- **Founded:** 2008-01-01
- **Operating status:** Inactive
- **Total funding:** $4M
- **Sectors / tags:** Floating Offshore Wind Technology, Wave Energy Technology, Renewable Energy, Deep-Water Wind, Energy Production, Climate Tech, Clean Energy

## Frequently asked

### What does Marine Power Systems do?

Marine Power Systems (MPS) is a UK-based company that develops innovative floating platform technology for industrial-scale floating offshore wind and wave energy generation. Their PelaFlex platform is designed for deep-water sites where fixed foundations are not viable, aiming to reduce costs and complexity while maximizing energy yields. MPS also develops wave energy converters like PelaGen.

### What is Marine Power Systems's valuation?

StartupHub estimates Marine Power Systems's effective valuation at $83.2M (range $58.2M to $108.2M, 33% confidence), based on comparable companies in the sector.

### How much funding has Marine Power Systems raised?

Marine Power Systems has raised a total of $4M in funding. The most recent round on record is Equity.

### Where is Marine Power Systems headquartered?

Marine Power Systems is headquartered in Swansea, United Kingdom.

### When was Marine Power Systems founded?

Marine Power Systems was founded in 2008.

### What industry does Marine Power Systems operate in?

Marine Power Systems operates in Floating Offshore Wind Technology, Wave Energy Technology, Renewable Energy, Deep-Water Wind, Energy Production, Climate Tech.

### What is Marine Power Systems's current status?

Marine Power Systems's current operating status is: Inactive.

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