The UK Government is investing £800,000 in tidal energy pioneer Nova Innovation to develop a low-cost, rapid turbine deployment and recovery solution that could unlock 100GW of tidal energy resources worldwide.
Nova Innovation
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Tidal energy pioneer Nova Innovation has secured £6.4 million from the Scottish National Investment Bank (SNIB) to fund manufacturing and distribution of its innovative subsea tidal turbines. The investment will see Edinburgh-based Nova, whose innovative 100kW tidal turbines have been deployed
Four projects led by Apollo, Blackfish Engineering Design, Nova Innovation and Quoceant will share just under £1.4 million of funding from Wave Energy Scotland (WES) for initiatives that aim to bring down the cost of wave power.