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EU funding (€9,782,380): Floating Tidal Energy Commercialisation project (FloTEC) Hor 1 Jan 2016 EU Research and Innovation programme "Horizon"
Overview
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Floating Tidal Energy Commercialisation project (FloTEC)
The FloTEC project will demonstrate the potential for floating tidal stream turbines to provide low-cost, high-value energy to the European grid mix. The FloTEC project has 5 core objectives: 1. Demonstrate a full-scale prototype floating tidal energy generation system for optimised energy extraction in locally varying tidal resources; 2. Reduce the Levelised Cost of Energy of floating tidal energy from current estimated €250/MWh to €200/MWh, through both CAPEX and OPEX cost reductions in Scotrenewables Tidal Technology; 3. Develop potential of tidal energy generation towards flexible, baseload generation, through the integration of energy storage. 4. Demonstrate the potential for centralised MV power conversion to provide a generic, optimised low-cost solution for tidal arrays 5. Progress tidal energy towards maturity and standard project financing by reducing cost and risk, improving reliability, and developing an advanced financing plan for first arrays. This will be realised through the construction of a M2-SR2000 2MW turbine - which will incorporate the following innovations: 50% greater energy capture through enlarged rotors with a lower rated speed; Automated steel fabrication; Centralised MV power conversion Integrated Energy Storage Mooring load dampers Composite Blade Manufacturing The SR2000-M2 will be deployed alongside the existing SR2000-M1 at EMEC to form a 4MW floating tidal array, serving as a demonstration platform for commercially viable tidal stream energy as a baseload supply.
Funded Companies:
| Company name | Funding amount |
| ABB Ltd. | €357,875 |
| DP Energy Ireland Ltd. | €276,736 |
| EDF Energy R&D UK Centre Ltd. | €0.00 |
| Eirecomposites Teoranta | €490,000 |
| Electricite de France | €108,500 |
| Harland and Wolff Heavy Industries Ltd. | €27,125 |
| Orbital Marine Power Ltd. | €7,069,125 |
| RKS | €0.00 |
| SKF (U.K) Ltd. | €0.00 |
| SKF GmbH | €317,625 |
| SKF Marine GmbH | €0.00 |
| TFI Marine Ltd. | €521,500 |
| The European Marine Energy Centre Ltd. | €363,269 |
| University College Cork - National University of Ireland, Cork | €175,625 |
| University of Galway | €75,000 |
Source: https://cordis.europa.eu/project/id/691916
The filing refers to a past date, and does not necessarily reflect the current state.