The FloTEC project has five core objectives designed to be commercially focussed, highly innovative and ambitious while also clear and measurable, enabling project success to be benchmarked:

  1. Demonstrate a full-scale production model floating tidal energy generation system.
  2. Reduce the LCoE of floating tidal energy to an industry leading < €200/MWh, through innovative whole-lifecycle cost reductions.
  3. Develop high quality, low cost composite blades for commercial units. 
  4. Develop full scale mooring dampers to reduce peak wave loads.  
  5. Progress tidal energy towards maturity and standard project financing by:
    1. Reducing cost and risk;
    2. Improving reliability;
    3. Developing an advanced financing plan for first arrays.