In fact, according to a recent statement, Leask Marine Ltd. has been presented as a key strategic associate for the Magallanes Renovables’ “OCEAN_2G” project.
Namely, the OCEAN_2G (Second Generation technologies in ocean energy) innovation project aims to test; validate and pre-certify an innovative full-size tidal energy harnessing system solution ready to enter into European and global markets, further boosting the growth performance of industrial partners of the consortium and being a worldwide referent in the manufacturing of floating platforms for producing electrical energy from tidal currents.
Leask Marine is one of four project stakeholders involved in supporting Magallanes Renovables, alongside Sagres (parent company of Partenon); EMEC and IM Future; Leask Marine brings expert service delivery to operations such as installing; uninstalling and maintenance; throughout the project’s lifespan.
It was earlier this year that the successful installation of their second generation (2G) 2MW tidal platform ‘ATIR’ took place.
It is said that wave and tidal energy market was valued at USD 487.7 million in 2014 and is anticipated to reach USD 11,365 million in 2024, expanding at a CAGR (Compound Annual Growth Rate) of 23% from 2016 to 2024, according to a report by Market Research Engine.
Ocean power technology is mainly categorized into three types wave energy, tidal energy and ocean thermal energy. Wave energy and tidal energy are ways of harnessing energy used for power generation. These are the forms of renewable energy which provides stable and constant source of energy.
Tidal energy is formed by using the tidal energy generators. These are large and underwater turbines which are located in high tidal movement areas. These turbines capture the kinetic energy of ocean tides and produce electricity.
In September, the Scottish Government announced it has awarded a funding of £3.4 million to Scottish engineering company Orbital Marine Power (Orbital), to help build the world’s most powerful floating tidal turbine.
The company was awarded the money as the first recipient of the Scottish Government’s £10 million Saltire Tidal Energy Challenge Fund. The funding will be used to deliver the next generation O2 2MW Floating Tidal Energy Turbine, capable of powering more than 1,700 homes per year.
