Periodic Reporting for period 1 - FFITT (Fish Flow Innovations Tidal Turbine)
Reporting period: 2017-06-01 to 2017-11-30
Economic / social problem European Policy has successfully taken the 1st generation of renewable energy technologies, such as solar and wind, to commercially competitive levels. The EU needs other technologies to complement its low-carbon generation capacity to reduce greenhouse gas emissions to 80–95 % below 1990 levels by 2050 . This was highlighted in the EC Blue Growth Strategy as one of five developing areas in the ‘blue economy’. Ocean energy is abundant, geographically diverse and renewable. Under favourable regulatory and economic conditions, ocean energy will meet 10% of the EU’s power demand by 2050, avoiding the emission of 276m ton of CO2 annually . An advantage is that Ocean Energy production is highly predictable and hardly influenced by weather conditions.
TASK 2: OPERATIONAL ASSESSMENT OF THE EXISTING AND REQUIRED ORGANISATIONAL CAPACITY AND COOPERATION MODALITIES WITH PARTNERS AND USE OF THEIR SUPPLY CHAIN.
TASK 3: FINANCIAL AND ECONOMIC ASSESSMENTS INCLUDING MARKET ANALYSIS, COMPETITOR ANALYSIS, COMMERCIAL ANALYSIS, AND ESTIMATION OF POTENTIALS IN TERMS OF TURNOVER, EMPLOYMENT, MARKET SIZE, IP MANAGEMENT, SALES, CASH FLOW REQUIREMENTS, RETURN ON INVESTMENT AND PROFIT, AND FINANCIAL STRUCTURE.
TASK 4: ASSESSMENT OF PRACTICAL CONSTRAINTS ON PROJECT PLANNING AND WORK SCHEDULES, INCLUDING A RISK ASSESSMENT AND MITIGATING MEASURES THAT CAN BE TAKEN.
TASK 5: ASSESSMENT OF LEGAL CONSTRAINTS: POSSIBLE REGULATORY AND/OR STANDARD REQUIREMENTS THAT ARE TO BE FULFILLED, CONSTRAINTS THESE MAY IMPOSE ON THE PROJECT, AS WELL AS THE OPTIONS TO ADDRESS THESE REQUIREMENTS.
TASK 6: CONSOLIDATION OF THE ASSESSMENTS IN A FEASIBILITY REPORT WITH AN OPERATIONAL AND FEASIBLE BUSINESS PLAN.
Current stage of development of the innovation
During the last 10 years Fish Flow Innovations has developed and successfully placed over 10 commercial products in the market. Based on their knowledge of water flows in relation to pumps and turbines Fish Flow Innovations has developed a 100% fish friendly rotor to be used in hydro power stations. In 2013 the patented rotor was licensed to Pentair (multinational) for usage in forced flow conditions (tidal ranges) and fully tested in the European funded INTERREG program Protide . In 2014 and 2015 3rd party field-tests were conducted on design , fish mortality , and performance . The rotor is considered as one of the best available techniques by Protide. From 2015 onwards Fish Flow Innovations developed the current double bladed rotor for bi-directional turbines to be used in tidal ranges. The current design is fully optimised and Computation Fluid Dynamics (CFD) were performed to calculate output and measure the structural dynamics.