May 17, 2020

Rolls-Royce to start tidal power turbine tests

Rolls-Royce-start-tidal-power-turbine-tests_14577
Admin
2 min
"It's a huge opportunity for the UK, we're ideally positioned to lead on this because we have the resources all around us," said Parker, referring to Br...

"It's a huge opportunity for the UK, we're ideally positioned to lead on this because we have the resources all around us," said Parker, referring to Britain's location and long coastline which give it a big chunk of European tidal and offshore wind power.

European Union renewable energy targets may require Britain to deploy an extra 7,000 wind turbines on and offshore by 2020, but the country has almost no industry to make these.

Rolls-Royce will embark this summer on sea trials of a half-megawatt (MW) turbine to harness power from the tide, which it has developed alongside a company called Tidal Generation, and it plans to test a 1 MW version in about 18 months.

It will develop the bigger turbine with other partners, including Garrad Hassan, the University of Edinburgh, EDF Energy, E.ON, Plymouth Marine Laboratories and the European Marine Energy Centre (EMEC).

"By 2020 there could be 300 MW (tidal power deployed) around the UK, or 100-200 devices," Parker estimated, declining to comment on the size of UK manufacturing opportunity.

That compares with total UK power generating capacity now of about 77,000 MW. Rolls-Royce is spending about 5 percent of its R&D budget on clean energy technologies including tidal power and fuel cells, said Parker.

Rolls-Royce, better known as a maker of engines for planes and ships, announced the tide power on Tuesday as part of its role in a 20 million pound research initiative to develop clean energy technologies using public and private sector cash.

The initiative, led by the public-private partnership Energy Technologies Institute (ETI), would support four projects in wind and tidal power, with Rolls-Royce leading one of those.

The ETI could deploy up to 1.1 billion pounds over ten years, using funding from taxpayers and industrial partners including BP, E.ON and Shell.

LONDON (Reuters)

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Jul 22, 2021

Octopus Renewables buys Eclipse Power

OctopusRenewables
Renewables
Acquisitions
UK
Dominic Ellis
3 min
The deal, completed with funds managed by Octopus, furthers Octopus’ involvement in the electricity distribution sector

Octopus Renewables has strengthened its electricity distribution profile by fully acquiring Eclipse Power for an undisclosed sum.

The deal, which was completed with funds managed by Octopus, furthers Octopus’ involvement in the electricity distribution sector, having worked with Eclipse since 2018. It will allow Eclipse to continue the expansion of its team, while also investing in its systems, technology, and pipeline, with the ambition of making it one of UK’s leading IDNOs.

Eclipse has secured a portfolio of more than 10,000 connections across residential, industrial, commercial, battery storage and electric vehicle charging customers. Given the focus on electrification of heat, transport and industry in the UK, Eclipse is expected to play an important role in facilitating the UK’s energy transition.

Octopus Renewables is the largest investor of utility scale solar power in Europe, as well as a leading investor in onshore wind and biomass, managing a global portfolio valued at more than £3.5 billion. Institutional investor Nest partnered with the company in March.

Peter Dias, Investment Director, Octopus Renewables, said: “Having worked with Eclipse since 2018 and seeing their exciting growth, we’re thrilled to be able to make this acquisition and support the team to maintain this momentum.

“The acquisition of Eclipse is part of our strategy to identify and back great management teams that are supporting the energy transition. With ongoing support and investment, our investee businesses will have access to the expertise, business networks and financing to be able to scale faster and help contribute towards the UK’s net-zero goals.

“High-quality management of the distribution networks is going to be critical for the UK, and we are very pleased to be directly supporting the decarbonisation of heat, transport, and industry through this acquisition of Eclipse.”

Gary Gay, Managing Director, Eclipse, added Octopus shares a clear understanding of the important role that electricity distribution networks will play in the UK’s drive towards net-zero, and importance of a customer-focussed approach for building future smart distribution networks.

“With that, we are excited to now be part of the Octopus Group, with this investment helping us to reach the next stage of our growth journey and contribute to a greener, more efficient electricity network in the UK.”

Global renewables updates

ReNew Power recently won a 200MW/ac Interstate Transmission System (ISTS) solar generation project in an auction conducted by the Maharashtra State Electricity Distribution Company. ReNew Power expects to sign a 25-Year Power Purchase Agreement with the utility by the third fiscal quarter of 2022 to supply clean energy to Maharashtra at a tariff of Rs 2.43/ kWh (~US$0.033).

Natel Energy, a supplier of sustainable hydropower solutions, has announced a $20M funding round led by Breakthrough Energy Ventures and supported by Chevron Technology Ventures.
The company will use the funding to deploy its Restoration Hydro Turbine (RHT), which enables cost-effective production of distributed reliable renewable energy.

Duke Energy Florida plans to invest an estimated $1 billion in 10 new solar power plants across Florida, including the construction of four new sites, which will begin in early 2022 and will take approximately 9 to 12 months to complete. Construction of all 10 sites is projected to be finished by late 2024.

LG Electronics has made public its commitment to transition completely to renewable energy by 2050 as a key component of its sustainability strategy. 

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