Market Opportunity
Typical Island Resource
The UK is a typical island with vast amounts of tidal energy around our shores. Our technology can harness much of that energy as can be seen from these diagrams.
Areas of flow exceeding 2m/s
Areas of flow exceeding 1m/s
The areas highlighted on the first map show where the annual flow speeds of the waters around the UK exceed 2m/s. This is the tidal waters around the UK where other tidal turbines are generally deployed.
The areas highlighted on the second map show where the annual flow speeds of the waters around the UK exceed 1m/s. This is the tidal waters around the UK where MOWT can be deployed to efficiently harness energy.
The diagrams above clearly show that the potential deployment sites for MOWT are far greater than traditional turbine sites which are limited to the areas of high speed. The high speed areas are located far from population density and are extremely challenging to operate in.
MOWT can be deployed in the less energetic areas to harness energy from a wider number of sites. This means MOWT can be deployed close to where the energy is required. The less energetic flow is less demanding on the system and makes installation and maintenance simpler.
Applications and Markets
Our MOWT technology can be deployed to provide power for a significant number of applications from small scale kilowatt devices to large, multi-megawatt systems. Listed below are a few examples of where our MOWT technology can be deployed.
Isolated Communities
Often not grid connected and reliant on diesel generators.
Military
Ocean observation and navigation is often limited by battery capacity. Remote power provides level of secrecy once deployed.
Oil and Gas
Often require remote subsea power solutions. Renewables contribute to carbon reduction.
Riverside
Power from rivers can provide green power to private properties, businesses and estates.
Distilleries
Incredibly energy intensive process, energy prices have a major impact. Often located near rivers and tidal waters.
Hydrogen
Energy intensive to produce. Marine energy can provide the predictability required for hydrogen production.
Aquaculture
Often located in tidal areas but with power generally provided by diesel generators.
Grid Scale
Multi-megawatt scale for offshore deployment to feed into the National grid.
Desalination
Small scale systems require 10-100s of kW to produce clean water. Often rely on diesel. Can be done with mechanical power only.