An international consortium brought together by Welsh innovation group DST is planning to develop an energy island project off the coast of Swansea in Wales combining wind, solar and tidal energy.
The consortium behind the Dragon Energy Island development was inspired by the early concepts set out in the Holistic Capital options review published last year, DST said.
DST has developed a large scale battery technology that it said is vital to the success of the Dragon Energy Island.
The company said the consortium is made up of “world leading organisations with a proven track record of successful billion-pound developments, design and project delivery.”
However, it did not provide any further details only to say that an announcement of the selected members will be made in early 2021.
“Alongside the announcement, a full schedule of planning applications and proposals will be published,” DST added.
The project, which could also include hydrogen production, is not connected with previous plans for a 320MW tidal lagoon energy project off Swansea.
No details were given on the potential size of the new project.
Swansea Council leader Rob Stewart said: “Swansea bay offers an unprecedented opportunity to deliver the world’s first truly integrated tidal energy project.
“This project has the potential to spur a new industry not just for Swansea but for Wales and the UK. The impacts on employment and our local economy are set to be significant and perfectly timed as we address the post-Covid economy.
“We remain 100% committed to seeing the project delivered in Swansea and are grateful for all of the efforts made by DST to bring together such a strong consortium of organisations with a proven track record of success.”