TIDAL energy pioneer Nova Innovation Ltd has secured £6.4 million from The Scottish National Investment Bank to fund manufacturing and distribution of its innovative subsea tidal turbines.
The investment will see Nova increase its presence across the UK and expand into new global markets.
The Edinburgh-based company’s innovative 100kW tidal turbines have been transforming the power of the sea into clean, predictable energy in Shetland since 2016.
By focusing on scalable solutions, Nova has been able to install, adapt and enhance its technology on site, creating a reliable and replicable product for mass production.