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The global Wave and Tidal Energy Market size was USD 0.47 billion in 2020. The market is projected to grow from USD 0.59 billion in 2021 to USD 4.41 billion by ....
The funding, delivered through Scottish Enterprise, is directed at the tidal energy firm’s VOLT project. It aims to develop the first European assembly line to mass manufacture tidal turbines and trial innovative techniques and tools to ship, deploy and monitor turbines around the world. The project will also examine how to improve turbine performance, logistics for mass manufacture, and develop new techniques to ensure cost-effective delivery of tidal turbines. VOLT will also deliver an adaptable Remote Observation Platform (ROP) for rapid environmental monitoring of tidal energy sites. Simon Forrest, CEO of Nova Innovation, said: “This support is significant and very welcome as it sees Nova and the wider sector shift onto an industrial footing. It is an endorsement of Nova’s global ambition to transform the power of our seas into clean, predictable energy, empowering coastal communities all around the world. ....