26 °C Singapore, SG
September 25, 2022
Latest News
US to boost floating wind power Wind Power in South Korea – an overview GS E&C to develop bioethanol using cassava waste Korean business group has asked the US to make exceptions for Korean EV’s in Inflation Reduction Act Equinor’s Australian offshore wind debut Global energy transition stalls – 2022 Global Status Report in pictures India’s ReNew Power secures $1bn loan for gigascale 24/7 wind-solar-battery project POSCO International to merge with POSCO Energy Is the answer to Australia’s high electricity prices blowing in the wind? The Arctic has warmed ‘nearly four times faster’ than the global average Customer-centric demand response a key solution for Japan’s energy transition challenges Asia-Pacific forecast to reach 1 billion smart electricity meters by 2026 – study Polestar CEO Wants to Build O2 Electric Roadster Joanne Khew shifts from Standard Chartered Bank to ESG role at Eastspring Investments HCM City eyes advanced waste-management technologies Transitions to efficient LED lighting can mitigate the energy crisis New biobattery: using bacterial interactions to generate power European passenger plugin car market is still expanding Air Canada takes off with sustainable aviation fuel from San Francisco BrightNight expands into Australia GE Awarded 9HA Gas Turbine Order to Deliver Approximately 2 Gigawatts of Electricity in Guangdong, China Taking Action: Energy-Related Climate Change Mitigation Policies in ASEAN Meralco floats a tender of 850 MW renewable energy capacity Genex starts construction at flagship pumped hydro storage project GM bets on fuel-cell as battery shortcomings hamper clean energy transition Masdar and Cosmo Energy to explore renewable initiatives in Japan El Salvador Eyes Major Renewables Push Under New Partnership with IRENA Iberdrola eyes 3.5GW offshore wind in Philippines BP and Maersk successfully carry out marine biofuel trials The Korean way towards green growth

Marine Power Systems receives funding to accelerate combined wave and wind technology

Marine Power Systems (MPS) has been awarded £4.3 million by the European Regional Development Fund to accelerate the development of a floating offshore wave and wind technology for energy generation in deep water locations.

The ERDF funding — which is part of a £6.2million project under the Cornwall and Isles of Scilly Local Enterprise Partnership scheme to promote research and innovation — will enable MPS to launch a program of work on the DualSub, which the company launched earlier this year.

The announcement comes just weeks after MPS secured investment from the Welsh European Funding Office for £12.8 million to design, build and test a full-scale WaveSub device.

WaveSub is a wave energy generation device designed to provide easy operation and maintenance at sea alongside low-cost transportation and installation. Scaleable to over 10 MW, the device is in the final stages of development and testing by MPS ahead of commercial readiness. WaveSub’s high stability in deep water prompted MPS to explore its suitability for use as a platform for wind turbines, particularly in locations where wind speeds are high but water depths make a fixed-base turbine too costly to install.

Initial tests revealed MPS’s approach could provide a strong, stable platform on which a turbine could be installed, enabling the simultaneous capture of wave and wind energy from the ocean. This led to the development of a combined floating offshore wind and wave device, DualSub, and a floating offshore wind device, WindSub.

Both DualSub and WindSub have completed prototype stability tests, detailed computational simulation and cost of energy modelling. Results have led MPS to accelerate the development of both devices, and the £4.3 million of ERDF funding will enable MPS to move through a significant program of work to demonstrator sea-testing, before progressing to commercial readiness in 2023.

In October, the International Energy Agency predicted offshore wind generation will grow 15-fold to emerge as a US$1 trillion (£780 billion) global industry in the next 20 years and will prove to be the next great energy revolution.

Source

Leave a Reply

Your email address will not be published.