Objective OpenHydro holds a unique position in the tidal industry. It has developed a state-of-the-art Open-Centre Turbine with a proven ability to generate and deliver electricity to the national grid and a patented method to deploy and recover turbines quickly, safely and economically on the seabed. Simplicity is at the core of OpenHydro’s design philosophy: the turbine has only one moving part, minimising the number of interventions for maintenance. Fundamentally, the Open-Centre Turbine system is designed to deliver the lowest cost of energy. Since the installation of OpenHydro’s first turbine in 2006, the technology has been developed and tested extensively, with prototype designs optimised to provide higher outputs and improved economics. Validation of the full-scale, 2.0MW 16 metre turbine system following the deployment, grid connection and operation of a two turbine array at the Paimpol-Bréhat test site in France brings the technology to TRL 7. OpenHydro’s stated objective is to match and beat the Levelised Cost of Energy (LCoE) of offshore wind. The OCTTIC FTI Pilot project, which brings together a consortium of 4 industrial partners led by OpenHydro, will achieve this through advancement of the turbine system design to improve performance, efficiency and reliability. These advancements when combined with a reduction in operational and maintenance requirements, will deliver significant reductions in capital and operational costs to achieve LCoE targets. OCTTIC will establish a robust industrial production platform and the associated supply chain to produce, assemble and deploy the turbines at scale to deliver LCoE targets and lead the development of the tidal energy market. The outputs of this project will be implemented immediately through the deployment of commercial tidal array projects in partnership with energy utilities to make significant contributions towards the decarbonisation of the European energy system and securing energy supply. Fields of science engineering and technologyenvironmental engineeringenergy and fuelsrenewable energyhydroelectricitymarine energytidal energy Programme(s) H2020-EC - Horizon 2020 Framework Programme Main Programme H2020-EU.3. - PRIORITY 'Societal challenges H2020-EU.2. - PRIORITY 'Industrial leadership' Topic(s) FTIPilot-01-2016 - Fast Track to Innovation Pilot Call for proposal H2020-FTIPilot-2016 See other projects for this call Sub call H2020-FTIPilot-2016-1 Funding Scheme IA - Innovation action Coordinator JOHN COCKERILL Net EU contribution € 366 260,13 Address Rue jean potier 1 4100 Seraing Belgium See on map Region Région wallonne Prov. Liège Arr. Liège Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Other funding € 156 968,62 Participants (3) Sort alphabetically Sort by Net EU contribution Expand all Collapse all OPENHYDRO GROUP LIMITED Ireland Net EU contribution € 2 163 566,65 Address 1 custom house plaza harbourmaster place ifsc D01 C2CS Dublin 1 See on map SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes Region Ireland Eastern and Midland Dublin Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Other funding € 927 242,85 NITRONICA LIMITED United Kingdom Net EU contribution € 206 756,38 Address Antrim road BT24 8AN Ballynahinch See on map SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes Region Northern Ireland Northern Ireland Newry Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Other funding € 88 609,87 JLMAG RARE EARTH CO (EUROPE) BV Netherlands Net EU contribution € 253 575,00 Address Madame curieweg 15 5482 TL Schijndel See on map Region Zuid-Nederland Noord-Brabant Noordoost-Noord-Brabant Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Other funding € 108 675,00