In response to evolving financial dynamics, Neil Kermode, Managing Director of EMEC, emphasized the necessity of the restructuring initiative. The not-for-profit Research and Development (R&D) organization is grappling with the conclusion of access to specific European Union funding streams, as ongoing projects funded through these channels are nearing completion.
Kermode acknowledged a positive longer-term trend with the UK government's renewed backing for the marine energy sector and broader initiatives supporting the net-zero agenda. Despite these favorable prospects, EMEC faces a transitional phase as it navigates the gap between the conclusion of EU Interreg program involvement and the realization of ambitious plans for infrastructure expansion to accommodate a growing demand for technology demonstrations in Orkney.
The restructuring process is anticipated to result in staff redundancies, and EMEC is actively engaging in consultations with its workforce to ensure a transparent and supportive transition. Kermode underscored the organization's commitment to providing necessary assistance and support to affected staff members during this period of change.
Looking ahead, EMEC envisions a reconfigured organizational structure that prioritizes industry needs, continues pioneering R&D activities at its Orkney test sites and beyond, and positions itself as a facilitator for the commercialization of marine energy and other low-carbon technologies.
