QED Naval launches Seedrs crowdfunding campaign
Crowdfunding campaign QED Naval
Tocardo’s shareholder QED Naval has launched a crowdfunding campaign to complete the deployment of its Subhub tidal platform and Tocardo T-1 turbines at Yarmouth Tidal Test Centre. QED launched the campaign, valued at £15 million, on the Seedrs platform, and is looking to supercharge the companies growth by bringing investors on board as shareholders.
Onshore testing completed
The turbines have been shipped autumn 2021 to Pembroke Dock for integration with the Subhub. After having mounted three Tocardo’s T-1 turbines onboard the Subhub platform at Mainstay Marine Solutions. QED Naval is now gearing up to deploy the community demonstrator (CD) device for real sea trials.
Yarmouth Tidal Test Centre
The upcoming trials will be done at the Yarmouth Tidal Test Centre. The purpose is to demonstrate how tidal energy can be quickly and cost-effectively deployed and maintained over large distances and a broad range of weather conditions. Furthermore, the trials will serve for the validation of associated design tools and processes.
The self-deploying foundation system Subhub is a platform designed to support the commissioning, testing, transportation, and installation of an array of tidal turbines. QED Naval’s self-deploying platform can cut costs of deploying and maintaining turbines by circa 60% and, by clever hydrodynamic design, can improve yields from the site by up to 48%.