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PRESS RELEASE: Orbital Marine Power unveils design for world’s most powerful tidal turbine.

Orbital O2 at EMEC animation

2020 target date for deployment at EMEC.

Orbital Marine Power has revealed the designs of its upcoming commercial production tidal turbine, the Orbital O2 2MW, which is targeted to be deployed at the European Marine Energy Centre (EMEC) in Orkney in 2020.

Andrew Scott, CEO of Orbital Marine Power said “The Orbital O2 is a low cost solution for future commercial projects and builds on the features which made the SR2000 an industry breakthrough.  This optimised turbine will unlock tidal markets around the world at a competitive price point and provide regulators and investors with a new, predictable renewable energy option.”

The Orbital O2 will comprise of a 73m long floating superstructure, supporting two 1 MW turbines at either side for a nameplate power output of 2MW, at a tidal current speed of 2.5 m/s.  With rotor diameters of 20m, it will have a 600sq metre rotor area, the largest ever on a single tidal generating platform to date.  Orbital Marine believes that, when launched in 2020, it will be the most powerful tidal generating platform in the world.  

This first production unit will be funded with support from a live public debenture offer through the Abundance Investment platform, along with the European Horizon2020 and Interreg North West Europe innovation programmes. The debenture offer has already raised close to 50% of its £7m target.

The Orbital O2 has been designed for low cost access to all systems and components, the vast majority of which are located within the floating superstructure for simple onsite maintenance as per the SR2000.  The machine will also feature new ‘gull wing’ style retractable legs that raise the nacelles, pitch hubs and blades to the water surface for easy access without the need for any specialist heavy lift vessels.

The steel structure of the turbine has been simplified to reduce fabrication costs and futureproof the product for volume manufacturing.  The new configuration also reduces the draught of the unit to less than 3m to ensure this utility scale machine can be towed and installed with modest sized workboats.

For the first time, Orbital Marine Power’s system will feature 360 degree blade pitching control. This will allow safe, dynamic control of the machine’s 20m rotors and will enable power to be captured from both tidal directions without need to yaw the entire platform.   These controllers will support the installation of even larger blades in the future.

An animation of the Orbital O2 2MW is available to view here: https://youtu.be/9hN3dBpPu8Q 

Ends

 

Media contacts at Orbital Marine Power

James Murray, Business Development Manager: 01856 851641 / This email address is being protected from spambots. You need JavaScript enabled to view it.

Paul Taylor, Taylor Keogh Communications: 020 8392 8250 / This email address is being protected from spambots. You need JavaScript enabled to view it.

For Scottish media enquiries, David Budge:  0141 249 0396 / This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Notes to Editor:

ABOUT ORBITAL MARINE POWER LTD

Orbital Marine Power Ltd (formerly named Scotrenewables Tidal Power Ltd) is an innovative Scottish engineering company focused on the development of a tidal energy turbine technology with the potential to produce a step-change reduction in the cost of energy from tidal currents. The company’s novel floating technology offers a low cost solution for simplified and safe manufacture, installation, access and maintenance along with the ability to use low cost, small workboats for all offshore operations. The company currently employs 24 staff with offices in Orkney and Edinburgh.

The Orbital Marine technology has been under continuous engineering development, including rigorous testing of scaled systems in both tank conditions and open ocean environments, since the company was founded in Orkney in 2002.

In 2016 the company launched the SR2000, the world’s most powerful tidal stream turbine. The SR2000 produced in excess of 3GWh of electricity over its initial 12 month test programme.

The Orbital O2 is being supporting by grant funding support from the European Horizon2020 FloTEC: Floating Tidal Energy Commercialisation project, Interreg NWE Integrating Tidal Energy Generation (ITEG) and the OCEANERA-NET COFUND.

The Orbital O2 will also be funded through a live debenture offer on Abundance Investment, a leading direct investment platform.

Go to www.orbitalmarine.com

ABOUT ABUNDANCE INVESTMENT ( www.abundanceinvestment.com )

Abundance is a leading direct investment platform that is putting people in control of their money. People invest in individual projects that generate something good for the environment and society as well as bank-beating returns.

The investor chooses which project or business to invest in from just £5 and benefits from a financial return, while the world benefits from the growth of sustainable businesses.

Since launching in 2012, more than 5250 people have invested £79m directly into the projects they support via the Abundance platform, with over £12m returned to investors. In the process, Abundance has achieved a number of firsts. As well as being the world’s first FCA-regulated peer-to-peer investment company, it is also the first investment platform to offer a dedicated peer-to-peer investment SIPP and launched the UK’s first innovative finance ISA for renewable energy investments on November 1st 2016.

Abundance and Abundance Investment are trading names of Abundance Investment Ltd which is authorised and regulated by the Financial Conduct Authority (no. 525432).

Link to Orkney Marine Power (Orbital O2) fundraising page : https://www.abundanceinvestment.com/investments/orbital-marine-power-orkney

Risk Warning: As with any investment product there are risks. Part or all of your original invested capital may be at risk and any return on your investment depends on the success of the project invested in. You should be prepared to hold Abundance investments for their full term (and many will have terms of more than 15 years). Abundance investments may not be readily realisable (and their value can rise or fall). They may be secured or unsecured, and where they are secured this does not ensure repayment. Estimated rates of return can be variable and estimates are no guarantee of actual return. Specific risks will apply in relation to each product. Consider all risks before investing and read the Offer Document for each investment.