Nova Innovation has won €2.5 million to build an upscaled tidal energy turbine that will further slash the cost of tidal power and meet the needs of utility clients and coastal populations around the world.
The European Innovation Council (EIC) Accelerator Fund will finance Nova’s Upscaling Tidal Energy Manufacturing and Production Output project (UpTEMPO) – a two-year campaign to design, build, and demonstrate an enhanced version of Nova’s 100 kW tidal turbine.
The advanced 200 kW device will feature blade pitch control, increasing the amount of power and energy generated, and a more compact turbine body that will reduce the weight and cost of the device. Together, these innovations will cut the cost of tidal energy by 30%, smashing the EU Strategic Energy Technology (SET) Plan tidal energy cost target of €150/MWh by 2025.
Simon Forrest, CEO of Nova Innovation, said:
“Tidal energy is needed for our future renewable energy mix – it is clean, reliable, predictable and has no visual impact.
“The EIC funding will help us develop our world-leading tidal energy technology that has been generating energy to the grid since 2016. Our current M100-D tidal turbine, named ‘EUnice’, has delivered outstanding performance since deployment in Shetland, in 2020. The UpTEMPO project will build on this success, driving down costs even further through innovation and economies of scale. The turbine will be designed to meet the needs of utility clients in our target markets around the world.”
In 2016, Nova Innovation was the first company to successfully deliver an offshore array of tidal turbines in Bluemull Sound, Shetland. Nova is working on tidal energy projects across the UK, Europe, North America, and Asia.
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Read the article online at: https://www.energyglobal.com/other-renewables/24122021/nova-innovation-awarded-funds-for-tidal-project/