Scots investment bank backs Nova Innovation

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.

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€100m awarded to German offshore wind to green hydrogen project

A flagship project that aims to convert wind power to green hydrogen in Germany has received €100m in funding from the German Federal Ministry of Education and Research (BMBF).

The H2Mare project aims to establish a new turbine that integrates an electrolyser into an offshore wind turbine optimally for direct conversion of the electricity into green hydrogen.

This project will involve the consideration of the entire value creation chain from the wind energy generation and hydrogen production to the conversion of hydrogen into methane, liquid hydrocarbons, methanol or ammonia right up to its use in industry and the energy sector.

The goal is to create a significant cost advantage in the production of large volumes of hydrogen which can then be used to decarbonise various sectors of industry.

Within four years, H2Mare, comprising four joint projects with a total of 35 partners, aims to lay the foundations for technology leadership and support the achievement of climate targets by reducing greenhouse gas emissions more rapidly.

Siemens Energy is responsible for the coordination of H2Mare and is supported by institutes of the Fraunhofer-Gesellschaft.

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Floating offshore wind newcomer raises $4m for pilot project

Floating offshore wind newcomer Gazelle Wind Power Limited has raised $4 m to accelerate development of its hybrid floating offshore wind platform.

The Dublin-based manufacturer’s three-legged platform combines features from tension-leg and semi-submersible designs.

Its design features three cylinders to provide buoyancy, while its combined legs and mooring system will stabilise the structure.

The company claims its platform will use less steel and be cheaper than other floating wind platforms.

It added that its platform will also have smaller horizontal movements, a smaller swept area, drift less than other semi-submersible platforms, and have a tilt of less than 1 degree.

Gazelle Wind Power has not confirmed when or where a pilot project would be deployed, or when it expects to make the platform commercially available.

It has also not confirmed whether it will require further funding.

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Ambitious renewable energy hub plans unveiled for the Port of Leith

Forth Ports Limited unveils ambitious proposals for the creation of Scotland’s largest and best located renewable energy hub on a 175 acre site at the Port of Leith – supporting Scotland’s economic recovery and energy transition plans and the achievement of Scotland’s net zero carbon emissions targets.

This £40m private investment will see the creation of a bespoke, riverside marine berth capable of accommodating the world’s largest offshore wind installation vessels. The facility will feature a heavy lift capability of up to 100 tonnes per square metre (t/m2), backed up by 35 acres of adjacent land for logistics and marshalling. This will be supplemented by the upgrading of a 140 acre cargo handling site to accommodate lay down; assembly; supply chain and manufacturing opportunities. The total area is equivalent to around 100 full size football pitches. 

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