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Scotrenewables Tidal Power Ltd Lowering the cost of energy from the low cost option. www.scotrenewables.com

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Page 1: Scotrenewables Tidal Power Ltd€¦ · ENERGY Fred.Olsen Scotrenewables Tidal Power Ltd . FIøTEC Floating Tidal Energy Commercialisation EMEC ORKNE Y The European Marine Energy Centre

Scotrenewables Tidal Power Ltd

Lowering the cost of energy from the low cost option.

www.scotrenewables.com

Page 2: Scotrenewables Tidal Power Ltd€¦ · ENERGY Fred.Olsen Scotrenewables Tidal Power Ltd . FIøTEC Floating Tidal Energy Commercialisation EMEC ORKNE Y The European Marine Energy Centre

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.

Page 3: Scotrenewables Tidal Power Ltd€¦ · ENERGY Fred.Olsen Scotrenewables Tidal Power Ltd . FIøTEC Floating Tidal Energy Commercialisation EMEC ORKNE Y The European Marine Energy Centre
Page 4: Scotrenewables Tidal Power Ltd€¦ · ENERGY Fred.Olsen Scotrenewables Tidal Power Ltd . FIøTEC Floating Tidal Energy Commercialisation EMEC ORKNE Y The European Marine Energy Centre

De- risk project economics by removing dependency on high spec, high cost, low availability specialist vessels.

Page 5: Scotrenewables Tidal Power Ltd€¦ · ENERGY Fred.Olsen Scotrenewables Tidal Power Ltd . FIøTEC Floating Tidal Energy Commercialisation EMEC ORKNE Y The European Marine Energy Centre

Increase generator uptime whilst decreasing OPEX by enabling low cost, rapid maintenance

interventions.

Page 6: Scotrenewables Tidal Power Ltd€¦ · ENERGY Fred.Olsen Scotrenewables Tidal Power Ltd . FIøTEC Floating Tidal Energy Commercialisation EMEC ORKNE Y The European Marine Energy Centre

Increase generator yield by positioning rotors in fastest flow regions.

Page 7: Scotrenewables Tidal Power Ltd€¦ · ENERGY Fred.Olsen Scotrenewables Tidal Power Ltd . FIøTEC Floating Tidal Energy Commercialisation EMEC ORKNE Y The European Marine Energy Centre

This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 691916.

Page 8: Scotrenewables Tidal Power Ltd€¦ · ENERGY Fred.Olsen Scotrenewables Tidal Power Ltd . FIøTEC Floating Tidal Energy Commercialisation EMEC ORKNE Y The European Marine Energy Centre