SeaPower Gen is a leading tidal energy device developer. It’s tidal turbine is based on a revolutionary rotor which is a step change in performance, reliability and cost per MWh compared to other tidal devices, and patents have been lodged.
SPG’s objective is to sell Construction Ready and Financial Close Tidal Energy Projects to Independent Power Producers (IPPs), utilising the EPC resources of an OEM.
Consents for the first site have been obtained and grid connection and PPAs are under negotiation.
Unlike wave or wind, tidal power is consistent and predictable, many years into the future, and does not require onshore backup. Tidal power can provide energy security to the UK which has 50% of the EUs tidal resources and attracts the highest renewable subsidies of 5 ROCs.