Nova Innovation has won over €2m in EU funding to build an upscaled tidal turbine that will further reduce the cost of tidal power.
The European Innovation Council (EIC) Accelerator Fund is providing €2.5m to finance Nova’s UpTEMPO (Upscaling Tidal Energy Manufacturing and Production Output) project – a two-year campaign to design, build, and demonstrate an enhanced version of Nova’s 100kW tidal turbine.
The device will feature blade pitch control, increasing the amount of power and energy generated, and a more compact turbine body that will reduce the weight and cost of the device.
Together, these innovations will cut the cost of tidal energy by 30%, bringing it under the EU Strategic Energy Technology (SET) Plan tidal energy cost target of €150/MWh by 2025.
Nova chief executive Simon Forrest said: “Tidal energy is needed for our future renewable energy mix – it is clean, reliable, predictable and has no visual impact.
“The EIC funding will help us develop our world-leading tidal energy technology that has been generating energy to the grid since 2016.
“Our current M100-D tidal turbine, named ‘EUnice’, has delivered outstanding performance since deployment in Shetland in 2020.
“The UpTEMPO project will build on this success, driving down costs even further through innovation and economies of scale. The turbine will be designed to meet the needs of utility clients in our target markets around the world.”
In 2016, Nova Innovation was the first company to successfully deliver an offshore array of tidal turbines in Bluemull Sound, Shetland.
Nova is working on tidal energy projects across the UK, Europe, North America and Asia.