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Edinburgh based marine renewables specialist QED Naval is expanding its plans to disrupt the energy sector with its environmentally friendly sustainable tidal solution following the acquisition, through its subsidiary Tocardo BV, of the Dutch Oosterschelde Tidal Power (OTP) project.
The Dutch Oosterschelde tidal barrier.
The company has launched its first crowdfunding campaign on the Seedrs platform. The funding will assist further develop existing sites and to secure potential new locations for its patented Subhub tidal platform.
The OTP deal closed in 4Q2020 following QED’s acquisition of the world renowned Dutch tidal turbine developer Tocardo BV in a joint venture with Hydrowing. QED also secured an award of €3.5 million of EU funding and a place on Interreg’s €46 million Tidal Stream Industry Energiser Project (TIGER), a global tidal showcase, also in January 2020.
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