Turning the Tide
Marine Current Turbines (MCT) is the world leader and first mover in marine current and tidal stream energy. The company has two primary goals: technology development and commercial project development/installation. MCT's world lead in the development of this new technology, has at last opened the door to the until-now unreachable power of the oceans.
MCT installed the world’s first offshore tidal turbine near Lynmouth off the coast of Devon in May 2003 and is now completing installation of the world’s first commercial scale tidal turbine, the 1.2 MW SeaGen, in Strangford Narrows in Northern Ireland. This is the forerunner for a commercial product soon to be widely deployed in the vital quest for clean energy from the oceans.
SeaGen is the only existing example in the world of tidal turbine technology of a scale and performance capability capable of unlocking the potential of tidal stream and marine current energy on a commercial scale. This latest product is uniquely and demonstrably capable of meeting the technological challenge of operating in an offshore underwater environment whilst reliably and predictably generating low carbon energy. Many features of the design have been extensively patented internationally.
In recognition of their leadership position, MCT has received the backing of a number of major international utilities as well as institutional investors, including EDF Energy and Triodos Bank, and most recently ESBI, part of the Irish electricity utility. The company has also formed strategic partnerships with npower renewables amongst others to develop a series of sites across the UK and internationally.
Marine Current Turbines appoints Cavendish Corporate Finance to secure new investment to take forward its development plans. » More
Replacement rotor blades have recently been fitted to one of SeaGen's two 600kW turbines and it is now being run and generating power in test mode. The other turbine has been generating power into the local grid, at varying levels, since the summer .... » More