Orbital Marine Power News
Orbital Marine Power (Orbital), the renewable energy company focused on the commercial deployment of its innovative floating tidal turbine technology, has selected Global Energy Group as preferred supplier to lead the manufacture and assembly of turbines for the company’s initial Orkney projects which have secured contracts under the UK Government’s Contract for Difference auction rounds 4 and 5. Turbine manufacture It is anticipated that turbine manufacture will start at Global...
Orbital Marine Power, the renewable energy company focused on the development and global deployment of its pioneering floating tidal stream turbine technology, has been named as Euclaire Tidal’s technology partner at the Fundy Ocean Research Centre for Energy (FORCE). The agreement covers one 2.4MW O2X machine to be deployed on the FORCE facility in the fast flowing waters of the Minas Passage. Powerful tidal turbine Subject to the required regulatory approvals, Orbital’s floating...
Orbital Marine Power Ltd, the renewable energy company focused on the deployment of its pioneering floating tidal turbine, has been awarded 2 Contracts for Difference (CfDs) for 7.2MW in the UK Allocation Round 5 (AR5) process. This builds on Orbital’s success in the previous year’s Allocation Round 4, where it secured contracts for 7.2MW of capacity. 7.2MW predictable clean energy The CfDs will allow Orbital to expand its development of projects in Orkney with the constru...
Orbital Marine Power (Orbital), the renewable energy company focused on the commercial deployment of its innovative floating tidal turbine technology, announced it has been awarded an Option Agreement from Crown Estate Scotland for a new tidal energy project in the Westray Firth. Orkney-headquartered Orbital Marine Power also confirmed it has a grid connection in place to service the pioneering project, which is located adjacent to the European Marine Energy Centre (EMEC) facility, where Orbita...
Orbital, the renewable energy company focused on the development and global deployment of its pioneering floating tidal stream turbine technology, has been awarded two contracts for difference (CfDs) in the UK Allocation Round 4 (AR4) process. This is a significant milestone in the company’s growth, with these CfDs underpinning the delivery of multi-turbine projects in Eday, Orkney. Capable of delivering 7.2MW of predictable clean energy to the grid once completed, these Orbital tidal str...
Orbital Marine Power (Orbital), the renewable energy company focused on the development and global deployment of its pioneering floating tidal turbine technology, has reached a significant operational funding milestone. New investment secured from the Scottish National Investment Bank and individuals via the Abundance Investment platform will finance the ongoing operation of the O2, the company’s 2MW+ floating turbine. These debt facilities will be serviced by the long-term sale of electr...
One of Orbital’s key objectives is reducing carbon emissions by harnessing an entirely untapped source of renewable energy. In doing so, the company aim to help restore oceans after what has been a disastrous decline in species and ocean health over the past two centuries. UK is fortunate that it has a well-established environmental licensing framework for the deployment of tidal turbines in the marine environment, which has led to extensive environmental characterisation and monitoring o...
Orbital, the renewable energy company focused on the development and global deployment of its pioneering floating turbine technology, confirms that it will qualify multiple applications for submission into the UK Government’s Allocation Round 4 (AR4) of the Contracts for Difference (CfD) scheme. Following a series of good news stories for tidal energy commercialisation in 2021, the company now has a credible course to delivering multi-device projects in locations across the UK as early as...