TiPA project exceeds LCOE reduction objectives

socio-economic Financing technology
TiPA project exceeds LCOE reduction objectives

The ‘Tidal turbine Power take-off Accelerator’ (TiPA) Horizon 2020 project has published a Commercialisation Strategy that summarises the project’s results and provides recommendations for an accelerated industrial roll-out of tidal energy based on the project’s learnings.

The TiPA project ran from 2016 to 2019 in cooperation with seven European partners: Nova Innovation, University of Edinburgh, SKF, Delft Technical University, RWTH Aachen University, Siemens and Wood Group. The project developed and validated an innovative direct drive Power Take-Off (PTO) for a tidal turbine in a real-world environment. The core features of the TiPA PTO will be integrated in the next generation Nova device that will be an in-sea grid-connected turbine deployed in 2021.

The project outcomes are impressive; with the improved PTO, TiPA shows a potential Levelised Cost of Energy reduction of 29,3%, surpassing the project’s goal of a 20% reduction. A 1 MW TiPA tidal array will result in a £3,3 million GVA (net spend) benefit and over 60 FTE job-years in Scotland according to the project’s socio-economic assessment, provided that government support is in place.

The project also looked at the environmental impact of the 1 MW TiPA tidal array. Its carbon intensity, also known as Global Warming Potential, stands at as low as 29,2 gCO2/kWh – drastically below the 400-1000 gCO2/kW of fossil fuels and well below the UK target of 50 gCO2/kWh by 2030 for renewable energy technologies.

The Commercialisation Strategy gathers together the project’s learnings, applicable to the whole tidal energy sector. It proposes actions for developers and the government to bring the tidal energy sector faster to industrialisation, calling for more real-world demonstration, support for collaborative research projects and long-term, stable revenue support.

You can find the TiPA Commercialisation Strategy here.