Abundance, the UK’s leading peer-to-peer ethical investment company, provided the platform for a £7 million crowd-funded investment in Orbital Marine Power (Orkney) in 2019, towards construction of the O2 tidal turbine. This brought over 2,400 new investors together to enable Orbital’s vision.
Horizon 2020 FloTEC
The development and construction of the O2 is being facilitated by the European Union’s Horizon 2020 research and innovation programme under the FloTEC (Floating Tidal Energy Commercialisation) project (Grant agreement No. 691916).
The FloTEC project supports a range of cost reduction innovations that will be incorporated on the O2 tidal turbine, complementary innovations in the areas of energy storage and mooring load reduction and wider commercialisation activities.
Saltire Tidal Energy Challenge Fund
Orbital Marine Power was a recipient of a £3.4 million grant award from the Scottish Government’s Saltire Tidal Energy Challenge Fund, which supports the development of tidal energy in Scotland by driving innovation and cost reduction of tidal stream electricity.
TOPFLOTE, short for Targeted Optimal Pitch module for Floating Tidal Energy, will deliver a controller for floating tidal turbine blades allowing the blades’ pitch angle to be readily varied in real time to manage dynamic loadings and optimize power performance. This will support delivery of up to a 50% increase in yield versus previous units, most notably by supporting blades with a much greater swept area.
TOPFLOTE is supported by the Horizon 2020 OCEANERA-NET COFUND programme, Scottish Enterprise and the Swedish Energy Agency.
The Integrating Tidal Energy into the European Grid (ITEG) project brings together partners from across the UK, France, Belgium and the Netherlands to address energy-related carbon emissions in North-West Europe and tackle grid export limitations faced in remote areas such as Orkney.
Funded by the Interreg NWE programme, the project will deliver an onshore energy management system at EMEC’s Fall of Warness tidal test site and a new 500 kW AREVA H2Gen hydrogen electrolyser, which will be powered by Orbital’s next generating turbine, the O2 2MW.
Further Innovation on the O2 Technology supported by:
TIGER (Tidal Stream Industry Energiser Project)
The TIGER project will demonstrate that tidal stream energy is a maturing industry, capable of achieving an accelerated cost reduction pathway.
The project will build cross-border partnerships to develop new technologies, test and demonstrate up to 8 MW of new tidal capacity at a number of locations around the Channel region, and use the learning from this development to make a stronger, cost-effective case for tidal energy as part of the France/UK energy mix.
The project is the largest ever to be approved not only by the France (Channel) England Programme but by any Interreg programme.
Timescale: 2019 – 2023 (47 months)
Funder: Interreg France (Channel) England Programme
Funding: ERDF funding € 29 million / Total project budget € 45. Million