scotrenewables tidal power ltd€¦ · energy fred.olsen scotrenewables tidal power ltd . fiøtec...
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Scotrenewables Tidal Power Ltd
Lowering the cost of energy from the low cost option.
www.scotrenewables.com
Scotrenewables Tidal Power Ltd –The Business
• Founded in 2002 to develop floating tidal turbine solution.• Directly employs 26 people split between Orkney & Edinburgh.• Raised ~£22m equity to date.
De- risk project economics by removing dependency on high spec, high cost, low availability specialist vessels.
Increase generator uptime whilst decreasing OPEX by enabling low cost, rapid maintenance
interventions.
Increase generator yield by positioning rotors in fastest flow regions.
This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 691916.
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