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
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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.
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De- risk project economics by removing dependency on high spec, high cost, low availability specialist vessels.
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Increase generator uptime whilst decreasing OPEX by enabling low cost, rapid maintenance
interventions.
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Increase generator yield by positioning rotors in fastest flow regions.
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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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