Marine energy developer Minesto -- together with IT Power and National Physical Laboratory (NPL) -- has been awarded more than US$833,800 from the British Department of Energy and Climate Change (DECC) as part of the Energy Entrepreneurs Fund.
The company said the funding will be used to extend quarter-scale ocean trials of its "Deep Green" generating unit in Northern Ireland's Strangford Lough in order to validate its commercial performance. Minesto said data culled from the long-term ocean trials will be scaled up to a commercial scale unit.
"It is truly exciting that DECC realizes the potential for Deep Green to unlock the low velocity tidal current market in the UK," Minesto CEO Anders Jansson said. "This proves that governments have confidence in our company and our technology."
Minesto said IT Power will provide advice on test methodologies, data collection and techno-economic analysis of the Deep Green technology and deployment.
"We are delighted to be working with Minesto on their ground-breaking technolog," IT Power CEO David Nickols said. "It is a unique concept in the tidal energy field which can unlock previously inaccessible deep water, low flow resources, thereby enhancing the practical global contribution that tidal stream energy can have on meeting our energy needs."
Meanwhile, NPL will assist in data collection and metrology services.
"The grant from DECC makes it possible to apply their expertise to the Deep Green technology, which is very valuable to us," Jansson said.
Minesto was recently awarded the Industry Pioneer Award at the International Tidal Energy Summit in London.
Minesto describes the Deep Green system as an "underwater kite, comprised of a wing and a turbine which is secured to the seabed with a tether." The unit then "moves with great speed in an 8-shaped path in the tidal or ocean current", thus spinning the turbine and generating power.
The company was also recently recognized as one of the country's hottest young technology companies in being named to the "33 List" compiled by technology magazine Ny Teknik and business publication Affarsvarlden.
Minesto said its Deep Green technology has a carbon reduction potential of more than 30 million tons of CO2 per year.
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