Gavin SMART is the person in charge of analysis and insights in the Offshore Renewable Energy (ORE) Catapult, a research center for major technological innovation and offshore renewable energy in the United Kingdom. From 24thnovember, Ore Catapult has held a series of lunchtime investors Webinar and introduces the maturation of tide technology with major Tidal Power developers, Tidal Power Express.
The world is conducting carbon stock takes in COP26, so it is ripe for investors to re -evaluate the reclaimed energy investment portfolio. Additional diversification can be found overseas other than the saturated British market, but for me, the changing opportunity has a technique that is not very familiar, especially the technology that can solve the imbalance of energy.
The sun and the wind have a well -known intermittent problem. It does not generate electricity when the sun does not shine or the wind is not blowing. It continues to depend on other fuel sources such as nuclear and fossil fuels. To comply with the problem, all places on the earth do not have climate, geography, or resources suitable for the infrastructure of the sun and wind power. The renewable energy source that can block these structural gaps provides both fresh opportunities and how to generate new investment streams.
Casp technology
In my opinion, the power of the tide is the most promising of these alternatives. This week’s scientific review of the Tiger Project has confirmed that 11 % of Britain’s current power demand can be supplied.
Before entering the reason and place, this should be said to be an area where the definition of “tide force” is not easy. The tide (captures energy in the water area that flows rapidly using underwater turbines) is a very different technology from a dam -like and a tide with a water storage structure, and has been the main heading for many years. There is a tendency to collide.
It is far from “new” or “experimental”, and the tide turbine is now established on several important sites in the UK and has created power in local houses, companies and cars. The pioneer is a British small and medium -sized business that has many years of development, knowledge and experience. Edinburgh Simec Atlantis, Orbital Marine Power, and Nova Innovation are the top three in terms of technology and business life.
Their technology properly deals with the issues of extracting energy from countless tide sites, and produces a clean, safe and predictable power supply hundreds of years ago. Therefore, this is a very complementary power supply of intermittent wind and sun.
It is suitable for water that cannot be easily handled by the wind of the offshore (both geography and the cost of infrastructure), and the tide turbine is ideal for communities living in islands, islands, gulf bottle, and remote coastal areas. British developers have won the impressive list of contracts with international governments and regional governments, such as India, Indonesia, Canada, France, Wales, Scotland.
The ability of the tide turbine to supply base loading power to the grid provides a unique opportunity to replace coal, diesel and nuclei in many of these areas. This is that the sun and the wind cannot be done. In addition, investment in storage solutions is also saved, and some of them are dependent on rare earth metals.
The most important thing is that for the trust of the investor, these technologies can prove that they will clarify the cost reduction route. The promised 40 % of the promised 40 % of the promised 40 % of the European flagship tie -dal energy project ENFAIT (enabled future arrays in Tidal), the 20 million euros for building, operating, and abolishing a 6 -turbine tidal array in Setland. We are proceeding with cost reduction smoothly. next year. Similar work is underway in the channel area under a 45 million euros led by Cornwall Office, and further cost reduction evidence that operates with major UK and France, Developer and Supply Chain. Is provided.
There are so many promises, when?
We are talking about a “commercialization Casp” sector, but the burning questions for investors are “If so?”
Until now, Tidal Stream development and piononia sites have been sponsored by the government and have the same support as offshorewinds enjoyed at the same stage. The next step is to achieve a scale -up that competes for other forms of energy and tide of other forms such as nuclear and diesel. Our analysts anticipate that when the 1GW is installed, the tidal stream will be costly with other formal energy (90 pounds per megawat time). This is a very fast trajectory, considering that the 2.5 GW offshore window installed to reach 125 pounds per megawat time.
This is also known to be achieved. You can use the current technology to extract the required capacity 12 times from the 30 key sites in the UK (11 % of the pure power supply in the UK). In addition, investors who support this expansion will have the advantages of First Movers in the £ 76 billion pounds by the middle of the century.
Get an internal truck with a free lunch time webinar
Investing in technology outside the portfolio of generalist renewable energy requires knowledge of experts. For this reason, starting on December 24, 2021, we hold lunch time webinar every week and meet in a short session of major British tide companies, renewable energy experts, and policy planners. It will be. Please register now
