EURO-TIDES - EUROpean Tidal energy pilot farm focused on Industrial Design, Environmental mitigation and Sustainability

There is 10GW of predictable, high-value tidal stream energy potential in European waters, with up to 100 GW of capacity globally . This is an almost entirely unharnessed clean energy resource, with just 13 MW currently deployed . Transitioning European market leading technologiesfrom single deployments, up to farm scale, isthe next milestone in harnessing this clean, predictable,secure, domestic energy resource.

EURO-TIDES has been developed specifically to address the call topic by delivering a 9.6MW farm of four 2.4MW Orbital tidal energy devices of the same series. The farm will operate in full operational conditions for 15-years, deploying in 2027. The EURO TIDES consortium will work collaboratively to deliver six ambitious objectives and drive the sector forwards: 1.

De-risking tidal energy technology development by delivering a 9.6MW pilot farm and three pilot farm system innovations; reducing Levelised Cost of Energy (LCOE) of Orbital’s floating tidal technology from €120/MWh to <€100/MWh. 2. Increase bankability and insurability by providing

17,520 hours of operational data, displaying the production of 50GWh+, and verification of key technology metrics to internationally

recognised methodologies: reducing cost of capital from 10%-12% to 5%-6%. 3. Increase availability of tidal stream by creating an

efficient robust, replicable, and reliable operations and maintenance programme: increasing availability to 95%+. 4. Improve market

confidence by developing industrial design and manufacturing processes: increasing supply chain capacity from one device per annum

to 80 devices per annum. 5. Increase knowledge of environmental impacts to ensure appropriate environmental protection and mitigation

is in place: enabling safe scalability to a 100GW+ global market. 6. Making performance, reliability and behavior data collected from

the demonstration publicly available: accelerating scalability, commercialisation, and deployment of a 2GW+ project pipeline.