The new capital, coming through seedcorn technology fund ABB Technology Ventures (ATV), will underpin roll-out of Scotrenewables’ SR2000 device, which is slated to be installed next year as part of the 30MW Lashy Sound tidal demonstrator project off Orkney.
“ABB led a comprehensive review of tidal stream technology and concluded that Scotrenewables was well below its peers in capital outlay per megawatt and overall power delivery cost,” says ATV vice president Grant Allen.
“Scotrenewables
