February 24 (SeeNews) - Orkney-based Scotrenewables Tidal Power Ltd (SRTP) has won a EUR-10-million (USD 11m) grant from the European Commission’s Horizon2020 programme to advance the commercialisation of its floating tidal energy technology.
Scotrenewables is leading the Floating Tidal Energy Commercialisation (FloTEC) project, which will show the potential for such systems to provide low-cost, high-value energy to the European grid mix. The list of participants in the project includes DP Energy, the European Marine Energy Centre (EMEC), ABB Ltd and others.
As part of FloTEC, Scotrenewables will install a mark 2 (M2) prototype of its 2-MW SR2000 turbine alongside the SR2000-M1 at an EMEC tidal test site. Thus, it will form a 4-MW floating tidal array in Orkney to serve as a demonstration platform.
“The performance assessment at EMEC will provide evidence of the enhancements that have been made to the SR2000-M2, de-risking the technology and improving investor confidence, supporting the technology towards commercialisation,” said EMEC’s Managing Director, Neil Kermode.
(EUR 1.0 = USD 1.099)