Scots, Schottel forge Plato link
Tidal developer attracts investment from Schottel Hydro, Scottish Enterprise
Tidal developer Sustainable Marine Energy has raised £4.5m from German turbine manufacturer Schottel Hydro and public body Scottish Enterprise.
SME’s existing investors have been joined by Schottel while Scottish Enterprise has increased its investment to provide the funding required to take the development of the Plato submersible platform through the next phase.
The Isle of Wight company will be grid connecting its first system at Orkney’s European Marine Energy Centre over the coming months.
The deployment of the 100kW device will be followed at EMEC by a larger 240kW platform featuring four Schottel Instream Turbines (SIT 250), the production of which will commence this summer.
In addition to the development of Plato, SME is pioneering the development of drilled rock anchors suitable for tidal sites. The system was installed at EMEC earlier this year.
SME also plans to build a further three Plato devices at EMEC in a grid-connected array.
“This will show that second generation tidal energy technology really is commercially viable,” said SME director Jason Hayman.
“This is a long-term commitment for SME and Schottel and we are rapidly expanding our operations in Orkney, whilst benefitting from the experience of local contractors to drive down the costs of marine operations.”
Schottel Hydro director Niels Lange said supporting SME would the benefits of its SIT 250 technology.
Image: Plato at Hatston in Orkney (SME)