Orbital Marine Power | Updates

Demystifying the Cost of Tidal Energy

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By Chris Milne, CFO Levelised cost of energy (LCOE) is a term used a lot by politicians, the media, industries, and academics when discussing energy mixes or policies. But what is it? And why do we need to be aware of its shortcomings? Here’s what you need to know: the LCOE can be thought of as the average minimum price at which the electricity generated by the asset is required to be sold for, to offset the total costs of production over its lifetime, and provide an acceptable investment return (at Orbital we refer to LCOE excluding investment return as “Raw LCOE”). The...

Engineering: Not Just for the Boys

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By Lorna Slater, Engineering Project Manager Currently only 9% of engineers in the UK are women, which completely baffles me. There is a shortage of engineers in the UK and encouraging more women into engineering is going to be the only way to fill this ‘talent gap’. Afterall, there is a lot of evidence to prove that, the more diverse the team of designers, the better the design. Look at what happened when the first crash-test dummies were designed by a team that consisted only of men. That is to say: Except for ‘tradition’ there is nothing about engineering that inherently makes...

How low can you go? Minimising our carbon footprint

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By James Murray, Programme Manager   At Orbital our focus is on delivering cost competitive electricity from tidal currents in an effort to provide the world with an entirely new source of low carbon energy. It’s really important that if we’re going to harness tidal energy, that we do so in such a way that minimises the carbon footprint around that so that we’re maximising the net overall reduction in carbon emissions from the grid mix. Equally; carbon emissions themselves can be seen as a proxy for costs – so there’s a parallel motivation for us to ensure the effective CO2 production...

Turning The Tide

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Our mission at Orbital. ...