Project Stroma financial close and commencement of construction expected in 2016
Atlantis, a global leader in the tidal power sector, announced last month that the European Commission’s Climate Change Committee had approved the transfer of €17 million of funding from the Kyle Rhea project to Atlantis’s MeyGen project, the world’s largest planned tidal stream energy project.
The funding is for MeyGen Phase 1B (“Project Stroma”) and will accelerate the development of the MeyGen project, with this second phase targeted to reach financial close and commence construction during 2016.
The €17 million funding was originally awarded to the Kyle Rhea project, a tidal stream array project between the Isle of Skye and the west coast of Scotland, being developed by the Marine Current Turbines group (“MCT”). MCT was acquired by Atlantis from Siemens AG in an all share deal in July 2015.
Following completion of the MCT acquisition, Atlantis applied to the European Commission, with the assistance of the member state, Scotland, to have this funding transferred from the Kyle Rhea project to Project Stroma, which enables the funding to be retained for the benefit of a more advanced Scottish tidal energy project.
The first tranche of €10 million will be made available on 1 April 2016. The maximum funding available is €16,777,548. The funding comes from the NER 300 programme which supports innovative renewable energy technologies.
Tim Cornelius, CEO of Atlantis, commented:
“Construction of MeyGen Phase 1A continues apace with first generation scheduled for next year. The Phase 1B funding announced will accelerate the rate of development at the MeyGen site and we expect to commence construction of Project Stroma before the end of 2016. These developments further underline the benefits of the MCT acquisition.
“The EC’s continued support for tidal power via the MeyGen and the Sound of Islay projects underlines Scotland’s position as the world’s leading tidal power region and reflects the strong support the industry has received from the Scottish government.”
Marine energy company Minesto, recently given a €13 million investment from the European Regional Development Fund through the Welsh Government, has announced that it received an additional €3.5 million from KIC InnoEnergy.
The funding is part of the overall development of the company. The collaboration was initiated in 2014 and has led to the largest single investment ever made by KIC IE in the field of ocean energy.
The funding is dedicated to ensure that the first commercial scale power plant is installed in 2017 in cooperation with partners McLaughlin & Harvey and KTH Royal Institute of Technology in Stockholm. Minesto secured a €13 million investment from the European Regional Development Fund through the Welsh Government earlier this year, hence it can become one of the first companies in the world to reach a commercial scale tidal array.
“KIC IE´s investment takes us one big step closer towards our vision of becoming one of the world leaders in marine energy,” said Anders Jansson, CEO of Minesto. “The funding from KIC IE helps us to offer a proven, demonstrated and innovative turn-key solution, applicable in a much wider range of European coastal waters with global export potential.”
“KIC InnoEnergy have decided to invest in the Deep Green technology developed by Minesto as it strongly complies with our vision to make Europe sustainable. Minesto has proven the technology and has a capable team to commercialise this step change product. We see Deep Green as one of the few marine energy converters that can be cost competitive in the short term. For us, it is a strategic investment and we look forward to promote and support the company Minesto to become a leading actor within the marine energy sector,“ said Mikel Lasa, CEO of KIC InnoEnergy Iberia.
Minesto’s tidal power plant, called Deep Green, resembles an underwater kite and is based on an innovative new approach for generating electricity from tidal and ocean currents. Deep Green has been producing electricity in the waters off Northern Ireland for more than two years.
Carnegie Wave Energy Limited, Australian Stock Exchange (ASX: CWE) listed patented CETO wave energy technology developer, that converts ocean swell into zero-emission renewable power and desalinated freshwater, has set up a base in Cornwall.
Carnegie have located in Cornwall having secured a berth at Wave Hub and due to the region’s superb infrastructure, supply chain and suitability for the deployment of the company’s market leading CETO 6 wave technology. CETO is designed to be the simplest and most robust wave technology globally and is the only ocean-tested wave energy technology that is both fully submerged and generates power and desalinated water onshore. The CETO technology has been independently verified by EDF – Energies Nouvelles (EDF EN) and engineering consulting firm Frazer Nash.
The CETO 6 solution is targeting deployment at Wave Hub in 2018. Wave Hub is the world’s largest and most technologically advanced site for the testing and development of offshore renewable energy technology. Located 16km offshore in the eastern extremes of the Atlantic Ocean, Wave Hub offers Carnegie an ideal test facility. Following an extensive period of research and development in Australia, Carnegie is bringing the CETO solution to the UK for pre-commercial testing. Wave Hub offers Carnegie direct grid access with a capacity of 30-48 MW and an on-facility substation. The project has already started, with construction scheduled to commence in 2017 and first power by 2018.
Claire Gibson, Managing Director at Wave Hub commented: “We are delighted to welcome Carnegie to Cornwall; the company’s decision to locate at Wave Hub reinforces the global importance of the facility. The infrastructure for the development, testing and deployment of Marine Renewable Energy (MRE) solutions in Cornwall is truly market leading. The location of Carnegie in the region will present a significant opportunity for the local supply chain, as the majority of fabrication and engineering will be completed locally.”
Tim Sawyer, Business Development Manager, Carnegie Wave Energy Limited said: “Carnegie has invested over £60m million in the development of the CETO technology and have completed extensive R&D at our private Wave Energy Research Facility and commercial scale in-ocean testing at Garden Island, Western Australia. More significantly we have now reached a significant milestone in its ground breaking Perth Wave Energy Project, with the CETO 5 units reaching 10,000 hours of cumulative, continuous operation off the Western Australian coast. To bridge the gap between pre-commercial development and commercial roll-out we required a facility that offers supporting infrastructure, streamlines approvals and direct access to the grid and Wave Hub clearly meets these requirements.
“We have already started to work with Cornwall’s extensive supply chain as we seek to move the project forward. We anticipate employing 10 UK employees over the next 12-18 months and expand as we deliver a subsequent commercial project.
We believe the facility will provide an invaluable testing ground for our solution, which will enable us to take CETO 6 to market as a tried and tested environmentally friendly power generation solution.”
CETO could potentially revolutionise power and water production globally. CETO harnesses the enormous renewable energy present in the ocean’s waves and converts it into zero-emission electricity and zero-emission desalinated water. The CETO system is differentiated from other wave energy devices as it operates under water where it is protected from large storms and invisible from the shore. Power can be generated either offshore or onshore. The fully submerged buoys can drive pump units to deliver high pressure fluid onshore to standard hydroelectric turbines, generating zero-emission electricity. The technology can also be used to power a reverse osmosis desalination plant, replacing or reducing reliance on greenhouse gas-emitting, electrically-driven pumps usually required for such plants.
Carnegie is currently located at the Pool Innovation Centre and plans to move into the Hayle Marine Business Park following its completion later in 2015. The company has been supported by Invest in Cornwall, a project funded by the European Regional Development Fund (ERDF) and Cornwall Council, hosted by Cornwall Development Company.
JBA, the Met Office and EMEC to develop Marine Mission Planner for wave and tidal test site operations in Orkney.
The European Marine Energy Centre (EMEC) has joined up with environmental engineering consultancy JBA Consulting and metocean scientists at the Met Office to develop software which could revolutionise operational planning at EMEC’s wave and tidal test sites in Orkney as well as other marine renewables developments.
The system will be based on JBA’s ForeCoast® Marine Mission Planner – an advanced forecasting and decision support tool designed to help guide vessel operations days, weeks and months ahead. This software will incorporate the vast amount of operations and maintenance (O&M) data and resource models from EMEC’s test sites to create a bespoke system to manage marine operations in Orkney waters.
The Met Office operates and develops, in collaboration with science partners, a range of operational analysis and forecasting systems. The ForeCoast® Marine Mission Planner will utilise Met Office ensemble forecast data to determine the probability of mission viability, rather than base these predictions on one forecast of the future, or a simple go/no go approach. This novel approach will provide greater confidence and consistent risk based decision making.
A range of algorithms will analyse EMEC’s data against the ensemble forecast data to determine whether the forecasted metocean conditions are likely to exceed the safe operating tolerances of the mission based on a breakdown of all mission components (e.g. lifting at port, steaming to site, operations at site, and return journey).
A pioneering ‘Gamer Mode’ will be used to optimise O&M decision making by exploring how different strategies would have performed if they had been used historically.
Ultimately, the system aims to reduce O&M costs for marine energy technology developers, by helping optimise O&M strategies resulting in fewer failed maintenance missions.
“Given the complex nature of the marine activities at EMEC, it is essential that robust planning strategies are in place to ensure that the costs to EMEC and our clients are minimised and that the highest standards of health and safety are met,” said Stuart Baird, Operations Director at EMEC.
“This software has great potential to reduce costs for technology developers, improve the safety of marine operations, and provide a best practice model for other marine energy sites across the globe.”
Mark Lawless, Director, JBA Consulting added:
“Combining JBA’s innovative Marine Mission Planner with the Met Office’s ensemble forecast data and EMEC’s operational data and expertise will enable the development of a very exciting, and more importantly useful, piece of software that I’m confident will prove indispensable in the future planning of marine activities across EMEC’s test sites in Orkney and around the world.”
If you’re interested to hear more about the Marine Mission Planner, JBA will be providing a short talk as part of EMEC’s speed-updates session at All-Energy in Glasgow on 6 & 7 May 2015.For further details, visit:http://tinyurl.com/EMEC-at-All-Energy-2015.
For further details, visit:
Wave Energy Scotland has recently been established by Highlands and Islands Enterprise to support the development of wave energy technologies in Scotland. As a Scottish Government funded initiative, Wave Energy Scotland has been tasked with bringing together the best engineering and academic minds to collaborate on innovative projects that will accelerate the development of wave technologies.
The objectives of Wave Energy Scotland recognise the significant value that has accrued to Scotland in the development of wave technology to date, and the large global market that can be developed through further technological innovation.
For further details, visit: Wave Energy Scotland