EU invests US$4.4 million for Orkney tidal energy

Published

The European Commission (EU) has awarded more than US$4.4 million (€3.9 million) to support tidal energy testing and demonstration in Orkney waters.

Magallanes test turbine installation at EMEC. Photo from Colin Keldie, courtesy EMEC.

Awarded under the Fast Track to Innovation (FTI) scheme, the funding is split between two projects - the InToTidal project and Ocean 2G.

Led by Tocardo, the InToTidal project will demonstrate integrated deployment solutions for the company’s well-developed tidal turbines. The project’s partners are the European Marine Energy Centre (EMEC), Leask Marine, and Ifremer.

The Ocean 2G project is being led by Magallanes, and brings together EMEC, Leask Marine and ABB to help develop the second generation Magallanes tidal technology.

“This is fantastic news for the ocean energy sector. I’m delighted that the EU is supporting full-scale testing and demonstration to help progress towards a commercially-viable industry,” Oliver Wragg, EMEC’s commercial director said. “It’s hard to secure private investment for real sea testing of ocean energy technologies so grant support is vital at this stage of development. Combine this with EMEC's wave and tidal testing infrastructure which has been designed to help minimize the cost of ‘getting metal wet’, we have a winning combination to prove technology performance and help leverage private investment into the sector.”

FTI is run by the EU’s research and innovation program Horizon 2020.

Current News

Australia Revives Offshore Exploration with New Oil and Gas Acreage Offer

Australia Revives Offshore Exp

Ukraine Strikes Russian Oil Rig in Caspian Sea, Disrupts Production

Ukraine Strikes Russian Oil Ri

BP Produces First Oil from Gulf of America Platform Ahead of Schedule

BP Produces First Oil from Gul

Senegal to Nationalize Kosmos-Run Yakaar-Teranga Gas Project

Senegal to Nationalize Kosmos-

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine