ETI backs Atlantis
The Energy Technologies Institute has chosen consortium led by Atlantis Resources Corporation to receive development support under its Tidal Energy Converter System Demonstrator project.
Atlantis and partners will benefit from an ETI investment of up to £3.2m in the assessment of a variety of tidal system configurations and potential technology choices to identify cost reductions.
If a clear path can be seen to achieving cost of energy targets, then phase one will continue to develop the most promising innovations and architecture in readiness for demonstration.
If successful, the project will progress to a £10m second phase where system and sub-system solutions will be developed towards commercial readiness and demonstrated in a “realistic offshore environment”.
The project will be managed by Black and Veatch and draw extensively on the systems integration and technology skills of Lockheed Martin, ETI said.
Energy minister Charles Hendry, who unveiled the award at the All Energy conference in Aberdeen this morning, said the initiative is part of a wider programme of public support to marine innovation.
Government will plough up to £80m over three years into the sector to drive down costs “to levels comparable to other low carbon systems.”
Achieving a competitive cost of energy will be “critical in accelerating the development and commercialisation of tidal energy converter device arrays,” Hendry said.