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PRESS RELEASE: Scotrenewables Tidal Power kicks off new funding round

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Scotrenewables Tidal Power, the developer of the largest and most powerful tidal current turbine in the world, its 2MW floating SR2000, is embarking on a new funding round to take forward its tidal technology towards commercialisation. It has appointed financial advisors Simmons & Company International, the energy specialists of US Investment Bank Piper Jaffray, to lead the investment process out of its Aberdeen office. The move follows a successful test programme over the past 12months, culminating in the SR2000 producing more than 116 MWh in under a week of continuous generation at EMEC, the European Marine Energy Test Centre in Orkney....

PRESS RELEASE: Scotrenewables powers Orkney grid.

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SR2000 floating tidal turbine produces 116MWh in less than a week of continuous generation: 7% of Orkney’s electricity demand  Scotrenewables Tidal Power has achieved further impressive outputs from ongoing testing of its 2MW floating tidal generator, the SR2000 at the European Marine Energy Centre (EMEC). The SR2000 produced more than 116 MWh in under a week of continuous generation which took place last month.  Over a seven day period, the turbine met the electricity demand of nearly 7% of the entire Orkney Islands, with shorter periods where that contribution exceeded 25% of demand.    Speaking about the performance of the SR2000, the...

PRESS RELEASE: Scotrenewables clocks up the power

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Having reached the 2MW rated capacity of their SR2000 tidal turbine earlier in April, and setting a new tidal industry benchmark, Scotrenewables have now generated over 18MWh within a continuous 24hr testing period; a performance level which matches established offshore wind turbines. Speaking of the achievement, believed to be another tidal industry record, the CEO of Scotrenewables, Andrew Scott, said: “Recognising we are still in the early stages of our demonstration programme this is a tremendously reassuring level of performance to be achieving, one which provides further confidence in our technology’s ability to deliver a significant step reduction in the cost...

PRESS RELEASE: The world's most powerful tidal turbine hits peak power

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The world’s most powerful tidal turbine, developed and manufactured by Scottish engineering company Scotrenewables Tidal Power Limited, has reached full rated power at the European Marine Energy Centre, Orkney. After undergoing grid connected commissioning works prior to Christmas last year, the ‘SR2000’ was re-connected to its subsea cable in a low cost connection operation that took under an hour. All offshore operations have been delivered with small crew transfer vessels or locally based workboats.   Following energisation, the 500 tonne floating tidal turbine commenced generation and power export to the local Orkney grid. Since then the turbine has been undergoing a phased testing...