TIDAL energy leader Nova Innovation has been awarded a £2 million cash injection from the Scottish Government to advance tidal turbine manufacturing to a global level.
The funding, delivered through Scottish Enterprise, is directed at Nova’s VOLT (VOlume Manufacturing and Logistics for Tidal Energy) project that will develop the first European assembly line to mass manufacture tidal turbines, and trial innovative techniques and tools to ship, deploy and monitor turbines around the world – meeting the challenge of the climate emergency.
The project will examine how to improve turbine performance, logistics for mass manufacture, and develop new techniques to ensure cost-effective delivery of tidal turbines. VOLT will also deliver an adaptable Remote Observation Platform (ROP) for rapid environmental monitoring of tidal energy sites.
Nova Innovation’s turbines have been successfully powering the Shetland grid for over five years and will soon be deployed in North America and mainland Europe. In delivering VOLT, Nova will demonstrate what is required to efficiently scale up the production of tidal energy devices across the world.
Tidal energy costs are falling rapidly as the sector scales up. It offers a competitive alternative to diesel generation in many markets and will be cheaper than nuclear by 2030. The global market size of tidal energy by 2050 could be up to £126 billion.
The VOLT project will run from 2021 to 2023.
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