Project description
Reducing floating tidal technology energy cost
There exists 10 GW of predictable, high-value tidal stream energy potential in Europe’s waters, with up to 100 GW globally. However, only 13 MW is currently deployed. The next milestone to harness this clean energy resource is transitioning to farm scale. The EU-funded EURO-TIDES project will deliver a 9.6 MW tidal energy farm, consisting of four 2.4 MW Orbital devices, and launch it in 2027. The project aims to reduce the Levelised Cost of Energy (LCOE) of Orbital’s floating tidal technology from EUR 120/MWh to under EUR 100/MWh, increase the availability of tidal streams to over 95 %, and provide essential technology metrics verification using internationally recognised methodologies. The project will accelerate commercialisation and lead to a 2 GW+ project pipeline deployment.
Objective
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 technologies from single deployments, up to farm scale, is the 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.
Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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HORIZON.2.5 - Climate, Energy and Mobility
MAIN PROGRAMME
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HORIZON.2.5.2 - Energy Supply
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
HORIZON-IA - HORIZON Innovation Actions
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) HORIZON-CL5-2023-D3-01
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
1040 Bruxelles / Brussel
Belgium
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.