Oyster was stationed at the European Marine Energy Centre (EMEC) at its Billia Croo site in Orkney, Scotland until the company ceased trading in 2015.
On 20 November 2009, Oyster was officially launched and connected to the National Grid (UK) by the First Minister of Scotland, Alex Salmond.
[2] Aquamarine Power also teamed up with Renewable Technology Ventures Ltd (STVL),[3] a subsidiary of Scottish and Southern Energy (SEE), to fund the Oyster project.
In addition, Scottish Enterprises awarded Aquamarine Power a £3.15 million grant from the Wave and Tidal Energy: Research, Development and Demonstration Support fund (WATERS).
[6] In June 2009, Aquamarine Power signed a £2.5 million contract with Fugro Seacore to install the Oyster device at the European Marine Energy Centre test site at Billia Croo.
[5] Aquamarine Power hoped to commercialize Oyster and signed an agreement with Scottish and Southern Energy to develop up to 1000MW of wave farms by 2020.
[8] Oyster harnessed the energy of near-shore ocean waves; it was designed to operate in water 10 to 12 metres deep.
[20] At the European Marine Energy Centre's Billia Croo site, a single Oyster 800 rated at 800 kW was grid-connected in June 2012 and was tested until 2015.