The renewable energy companies competing for the ?10m Saltire Prize will be announced by the Scottish government later.
The announcement will be made in Orkney, where members of the Scottish Cabinet will meet on Wednesday.
The competition was set up to encourage the development of wave and tidal energy devices in Scottish waters.
Renewable energy firms will compete to see which device can produce the most electricity over two years.
The rules state: "The Saltire Prize winner will be the team that achieves the greatest volume of electrical output over the set minimum hurdle of 100 gigawatt hours over a continuous two-year period, using only the power of the sea."
The latest phase of the contest will run until 2017. That means other renewable energy companies still have time to enter.
'Tantalising offer'Ministers are also expected to announce the Scottish government is to invest ?2.5m in a project to provide new dock facilities at Stromness in Orkney.
But their political opponents have accused them of failing to do enough to promote marine energy.
The Scottish Green MSP, Patrick Harvie, said: "Surely there's a limit to the number of times the Saltire Prize can be re-announced?
"The marine energy sector has vast potential for Scotland, but what it needs is steady, solid, day-to-day support from government.
"The tantalising offer of a cash prize one day for one winner is no substitute for that."
Source: http://www.bbc.co.uk/news/uk-scotland-19393023#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
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