Sustainable Marine Energy
Sustainable Marine Energy supplies tidal energy generation platforms incorporating SCHOTTEL powertrain and control systems. Over the past three years we have focused on developing and proving PLAT-I system, testing the first demonstrator in Scotland, and since 2018 we have continued the testing in Nova Scotia, at Grand Passage, in preparation for our project at FORCE.
Jason Hayman the Managing Director of SME said “The FORCE site is renowned for its incredible tidal resource, but this also makes it a very challenging environment in which to deploy equipment. We would like to thank the Government of Nova Scotia for remaining steadfast in their support of tidal energy. This enables us to continue our staged approach to delivering our objective; reducing the cost of tidal energy.“
The Pempa’q Tidal Energy Project
Sustainable Marine Energy (SME) and Minas Tidal LP (MTLP) have agreed to co-develop their adjacent berths at the Fundy Ocean Research Center for Energy (FORCE) and will utilise SME’s PLAT-I floating in-stream tidal energy technology to deliver up to 9MW of tidal energy to the Nova Scotia grid. The combined project is to be called the Pempa’q In-stream Tidal Energy Project and will be delivered in phases starting next year.
For Phase 1 SME will deliver three next generation PLAT-I platforms, each producing up to 420kW, providing a combined capacity of 1.26MW. Project financing for the first phase through equity and debt is being provided by Hamburg-based reconcept Group. The asset manager specialising in renewable energy investments has been advising on the project and is establishing a capital fund specifically for this purpose. reconcept will also be supporting the financing of further phases of the project, to enable the delivery of the full 9MW of capacity provided by the two berths.