Oceaneering, a Rosyth-based manufacturer, has unveiled a new project to add capacity for the manufacture of subsea power cables for Scotland's offshore wind sector.
The £1.6 million project is supported by a £400,000 grant from economic development agency Scottish Enterprise and will be used to create new senior research and development roles.
The announcement was made during a visit by Cabinet Secretary for Climate action and Energy Gillian Martin to the company's dockside site, which has been operating since 1999. The initial phase of the project will make use of existing manufacturing equipment, with the company set to invest in new equipment and machinery once the product has been designed and certified.
Gillian Martin said she was "delighted to recognise the significance of this R&D grant award," which reflects the Scottish Government's commitment to supporting innovation in key sectors. She added that the project exemplifies the kind of "high-value, future-focused investment" that Scotland wants to attract to build a fair, green, and growing economy.
Shaun Roedel, Senior Vice President of Manufactured Products at Oceaneering, said the funding will "enable us to make critical investments that will drive job creation in and around Rosyth." He added that by leveraging their strategic location for the UK offshore floating wind market, they can strengthen the local supply chain and reduce logistical complexities.
Suzanne Sosna, Scottish Enterprise Director for Energy Transition, said the agency is proud to support pioneering companies like Oceaneering who are "seizing upon a once in a generation opportunity to transform our energy landscape."
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