UK-based engineering giant TechnipFMC announced on Wednesday that it had signed a memorandum of understanding with Orbital Marine Power to invest in tidal-energy technology.
The partnership aims to accelerate the commercialisation of Orbital’s floating turbine system and deliver the first commercial-scale floating tidal field.
Orbital’s 2-gigawatt O2 turbine, which TechnipFMC said is the most powerful in the world, started producing power in Scotland in July. It uses tidal energy to produce reliable electricity and export it to shore.
“This TechnipFMC investment is a major endorsement of the tidal-energy solution we have developed at Orbital Marine Power, and we are hugely excited to be working with such a leading company in the global offshore energy sector on the commercial roll-out of our vision for tidal energy,” Orbital chief executive officer Andrew Scott said.
TechnipFMC will contribute its integrated approach, industrialisation capabilities and project management, the companies said. This should help Orbital’s technology be scaled up and lower its cost and meet increasing demand for renewable energy in Europe.
“We are very excited to collaborate with Orbital in the tidal-energy market. By combining our system-integration capabilities with their technical expertise and differentiated-turbine technology, we will scale-up our combined offering to deliver more renewable energy to the market,” said Luana Duffé, executive vice president of TechnipFMC’s New Energy Ventures.
The project also intends to use the electricity produced to power a green hydrogen electrolyser on shore.