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State of the sector 2021 report – Marine Energy Wales

Marine Energy Wales

Wales is working hard to gain the early mover advantage to position itself as a global leader for the marine energy sector. Marine Energy Wales brings together technology developers, supply chain, academia and the public sector. Recently Marine Energy Wales published their state of the sector report edition 2021. Furthermore, Marine Energy Wales works to create a supportive policy environment to ensure that Wales remains one of the hotspots for emerging technologies such as tidal energy. Based upon their latest insights they are successful; the investment in the sector increased.

Investment in the marine energy sector has increased for the fifth year in a row

The 2021 State of the Sector report – published July 20th – details the recent developments in the industry, and looks forward to what the future has to offer. The key message of this report is: investment in the marine energy sector has increased for the fifth year in a row. Twenty emerging developers are progressing projects in Wales. In addition, four test and demonstration sites are under development. You can download the full report here: State of the Sector 2021

The importance of Welsh developments for Tocardo

In view of the region’s scale and ambitions, we closely monitor these developments. Not least because our JV partners have ambitions to install capacity on the Morlais tidal site. Wales has benefitted from our ambitions already with QED Naval establishing itself here and from recent orders and, as QED sets about acquiring site options for the future.

Jeremy Smith & Keith Murray

QED is now showcasing its community scale Subhub platform equiped with our robust and proven Tocardo T-1 tidal turbines. Furthermore, QED is building its next generation 1 MW industrial scale platform.

Contract award – Supply of Tidal Turbines and Service Contract to QED Naval Ltd

Contract award

We are proud to announce that Tocardo has been awarded the contract to supply three tidal turbines to QED Naval for their Subhub platform. The renowned Tocardo T-1 turbines have been selected by QED Naval to be combined with their innovative, self-deploying, submersible foundation system. For the whole organisation this means a major step forward, after the restart at the beginning of 2020, the growth path to further roll-out of the technology in the offshore market has now been definitively opened.

The Tocardo T-1 turbine

The T-1 is Tocardo’s most proven turbine. In 2015 Tocardo installed three T-1 turbines in the Afsluitdijk tidal barrage, a 32 km long primary sea defence, next to the existing Den Oever project installation, which has a single T-1 installed in 2008. All electricity produced was fed into the grid. The turbines provided vital data and experience in turbine arrays. The array had a capacity of more than 300 kW, producing electricity for approximately one hundred local households. In 2019 both sites were decommissioned as a result of the multi-year project to raise the Afsluitdijk in connection with the expected sea level rise. By generating energy in a predictable and cost-effective way the T-1 is the best tidal turbine in its market segment with power outputs ranging from 50 to 125 kW.

Trials with the Subhub

As part of Interreg’s EU TIGER project, QED Naval are developing a site in the Solent in collaboration with Yarmouth Harbour Commission. The site is located between Sconce Point and Black Rock and will be used as a development site. QED Naval has submitted a planning application to the Marine Management Organisation to carry out performance and yield validation trials on the Subhub with the Tocardo T-1 tidal turbines. QED Naval will then go on to develop its 1 MW unit with Tocardo turbines.

About the Tiger project

The EU funded TIGER project will demonstrate that tidal energy is a maturing industry, capable of achieving an accelerated cost reduction pathway. The project will build cross-border partnerships to develop new technologies, test and demonstrate up to 8 MW of new tidal capacity at a number of locations around the Channel region, and use the learning from this development to make a stronger, cost-effective case for tidal energy as part of the France/UK energy mix.

e-pitch event 21-01-2021

Electrification in a Decarbonised World – e-pitch event

E-pitch event

January 21st Tocardo was one of the invitees to pitch the company at the Solar Impulse Foundation e-pitch event on Electrification in a Decarbonised World, organized by the Solar Impulse Foundation in partnership with Schneider Electric. The event was watched by a large group of representatives from the business community and financiers. The organisation reported a traction on this session of 90 unique attendees.

How tidal power generation contributes to the electrification in a decarbonised world

Tidal energy is the answer for the increasing volatility in our energy system. Solar and wind power are the drivers for the current unpredictable energy system. On the other hand the extreme predictability of the tides results in an endless source of predictable renewable power generation. The driver for tidal stream power generation is combatting climate change by reducing the CO2 emissions with a 100% renewable, 100% reliable and 100% predictable energy source. Because of the geographical limitations and specific local characteristics for successful tidal power (micro)plants the highest value can be generated on specific locations for specific type of customers. Tidal stream power is the missing renewable energy source to create a local balanced power generation mix.

About the Solar Impulse Foundation

In July 2020 Tocardo’s turbine technology has received the Solar Impulse Label. The Solar Impulse Foundation aims to help the cleantech innovators behind the efficient solutions in order to accelerate their companies’ success. Once their solutions are labelled, the Foundation provides them support on six specific levels. That is, by giving them better access to the market, more appeal to investors, support in their advocacy work, feedback from industry experts, more credibility and greater visibility.

For investors

For investors who did not attend the event and who are also interested in our pitch and value proposition please contact us directly.