SCHOTTEL HYDRO, Black Rock Tidal Power and TidalStream evolve business strategy to allow for sustainable growth in the tidal energy sector

SPAY, HALIFAX, LONDON December 15, 2017 – SCHOTTEL HYDRO and its wholly owned subsidiaries TidalStream Ltd. (TSL) and Black Rock Tidal Power (BRTP) have revised their business strategy. The group of companies will continue to provide SCHOTTEL HYDRO turbine technology and power take-off systems to tidal energy projects in Canada and globally. Following a comprehensive review,  BRTP will initially plan to use smaller floating platforms, such as Sustainable Marine Energy Ltd.`s (SME) PLAT-I platform, for its FORCE project in the Bay of Fundy. “SCHOTTEL HYDRO and its subsidiaries remain convinced about the positive future of the tidal energy sector in Nova Scotia, and around the world. We remain committed to tidal energy power generation and firmly believe in its viability. We will initially focus on modular, scalable floating platforms. SCHOTTEL HYDRO will also continue to provide services as a tidal turbine and power take-off systems expert,” says Niels A. Lange, Managing Director of SCHOTTEL HYDRO, the tidal power division of the SCHOTTEL Group.

BRTP’s TRITON project at FORCE

BRTP’s commitment to the FORCE project in the Bay of Fundy, Canada’s leading test center for in-stream tidal energy technology, has been significant. To date, the company has invested several millions in this project and employs a team in BRTP’s Bedford office.

It is estimated that as much as 2000 MW of electricity can be harvested from the Minas Passage alone. BRTP had been exploring the use of its innovative technology, the TRITON, that can generate up to 2.5 MW through the use of many smaller turbines instead of one large turbine, as is traditionally used. “This is an important technology and the work that has been done on it will be preserved and will be of considerable value in future projects,” says Nils Hirsch, President, Black Rock Tidal Power.

“We want to thank our investors, suppliers, and especially the government of Nova Scotia for their vision and support as we forge a new path forward ," says Hirsch. BRTP will now focus on developing a tidal energy project on its FORCE berth based upon scalable floating tidal energy platforms.

SCHOTTEL HYDRO focusses on modular and scalable projects ensuring a step-wise, sustainable growth

SCHOTTEL HYDRO, TidalStream and Black Rock Tidal Power together with their partners are working on creating and growing a sustainable tidal energy sector.  “We are particularly excited by opportunities in Nova Scotia and Southeast Asia and see a strong development opportunity there working with other platform partners. We hope in time to bring lessons learned from there into other countries. Starting with scalable platforms will allow for an organic growth and the first successful steps in this direction have already been taken with SME’s PLAT-I demonstration project in Scotland,” says Lange.

 

SCHOTTEL HYDRO, Black Rock Tidal Power and TidalStream evolve business strategy to allow for sustainable growth in the tidal energy sector

SPAY, HALIFAX, LONDON December 15, 2017 – SCHOTTEL HYDRO and its wholly owned subsidiaries TidalStream Ltd. (TSL) and Black Rock Tidal Power (BRTP) have revised their business strategy. The group of companies will continue to provide SCHOTTEL HYDRO turbine technology and power take-off systems to tidal energy projects in Canada and globally. Following a comprehensive review,  BRTP will initially plan to use smaller floating platforms, such as Sustainable Marine Energy Ltd.`s (SME) PLAT-I platform, for its FORCE project in the Bay of Fundy. “SCHOTTEL HYDRO and its subsidiaries remain convinced about the positive future of the tidal energy sector in Nova Scotia, and around the world. We remain committed to tidal energy power generation and firmly believe in its viability. We will initially focus on modular, scalable floating platforms. SCHOTTEL HYDRO will also continue to provide services as a tidal turbine and power take-off systems expert,” says Niels A. Lange, Managing Director of SCHOTTEL HYDRO, the tidal power division of the SCHOTTEL Group.

BRTP’s TRITON project at FORCE

BRTP’s commitment to the FORCE project in the Bay of Fundy, Canada’s leading test center for in-stream tidal energy technology, has been significant. To date, the company has invested several millions in this project and employs a team in BRTP’s Bedford office.

It is estimated that as much as 2000 MW of electricity can be harvested from the Minas Passage alone. BRTP had been exploring the use of its innovative technology, the TRITON, that can generate up to 2.5 MW through the use of many smaller turbines instead of one large turbine, as is traditionally used. “This is an important technology and the work that has been done on it will be preserved and will be of considerable value in future projects,” says Nils Hirsch, President, Black Rock Tidal Power.

“We want to thank our investors, suppliers, and especially the government of Nova Scotia for their vision and support as we forge a new path forward ," says Hirsch. BRTP will now focus on developing a tidal energy project on its FORCE berth based upon scalable floating tidal energy platforms.

SCHOTTEL HYDRO focusses on modular and scalable projects ensuring a step-wise, sustainable growth

SCHOTTEL HYDRO, TidalStream and Black Rock Tidal Power together with their partners are working on creating and growing a sustainable tidal energy sector.  “We are particularly excited by opportunities in Nova Scotia and Southeast Asia and see a strong development opportunity there working with other platform partners. We hope in time to bring lessons learned from there into other countries. Starting with scalable platforms will allow for an organic growth and the first successful steps in this direction have already been taken with SME’s PLAT-I demonstration project in Scotland,” says Lange.

 

SCHOTTEL HYDRO, Black Rock Tidal Power and TidalStream evolve business strategy to allow for sustainable growth in the tidal energy sector

SPAY, HALIFAX, LONDON December 15, 2017 – SCHOTTEL HYDRO and its wholly owned subsidiaries TidalStream Ltd. (TSL) and Black Rock Tidal Power (BRTP) have revised their business strategy. The group of companies will continue to provide SCHOTTEL HYDRO turbine technology and power take-off systems to tidal energy projects in Canada and globally. Following a comprehensive review,  BRTP will initially plan to use smaller floating platforms, such as Sustainable Marine Energy Ltd.`s (SME) PLAT-I platform, for its FORCE project in the Bay of Fundy. “SCHOTTEL HYDRO and its subsidiaries remain convinced about the positive future of the tidal energy sector in Nova Scotia, and around the world. We remain committed to tidal energy power generation and firmly believe in its viability. We will initially focus on modular, scalable floating platforms. SCHOTTEL HYDRO will also continue to provide services as a tidal turbine and power take-off systems expert,” says Niels A. Lange, Managing Director of SCHOTTEL HYDRO, the tidal power division of the SCHOTTEL Group.

BRTP’s TRITON project at FORCE

BRTP’s commitment to the FORCE project in the Bay of Fundy, Canada’s leading test center for in-stream tidal energy technology, has been significant. To date, the company has invested several millions in this project and employs a team in BRTP’s Bedford office.

It is estimated that as much as 2000 MW of electricity can be harvested from the Minas Passage alone. BRTP had been exploring the use of its innovative technology, the TRITON, that can generate up to 2.5 MW through the use of many smaller turbines instead of one large turbine, as is traditionally used. “This is an important technology and the work that has been done on it will be preserved and will be of considerable value in future projects,” says Nils Hirsch, President, Black Rock Tidal Power.

“We want to thank our investors, suppliers, and especially the government of Nova Scotia for their vision and support as we forge a new path forward ," says Hirsch. BRTP will now focus on developing a tidal energy project on its FORCE berth based upon scalable floating tidal energy platforms.

SCHOTTEL HYDRO focusses on modular and scalable projects ensuring a step-wise, sustainable growth

SCHOTTEL HYDRO, TidalStream and Black Rock Tidal Power together with their partners are working on creating and growing a sustainable tidal energy sector.  “We are particularly excited by opportunities in Nova Scotia and Southeast Asia and see a strong development opportunity there working with other platform partners. We hope in time to bring lessons learned from there into other countries. Starting with scalable platforms will allow for an organic growth and the first successful steps in this direction have already been taken with SME’s PLAT-I demonstration project in Scotland,” says Lange.

 

BRTP tidal power platform to be fabricated by Aecon

 

HALIFAX, May 18, 2016Nova Scotia renewable energy company Black Rock Tidal Power Inc. (BRTP) has awarded the contract to fabricate its TRITON S40 tidal power platform to Aecon Atlantic Industrial Inc., a wholly-owned subsidiary of Aecon Group Inc. (“Aecon”).  This will be the first full-scale fabrication of this technology in the world. The instream tidal device will be installed in the Bay of Fundy in 2017.

 

“This was a highly competitive bidding process involving several highly qualified Atlantic Canada companies,” says BRTP’s General Manager Nils Hirsch. “With their strong experience in marine fabrication, Aecon’s workforce will be a significant benefit to our project.”

 

BRTP’s tidal-current energy technology uses forty SIT 250 turbines mounted on the TRITON, summing up to 2.5 MW overall capacity. Because the TRITON can be easily brought to the surface it allows for easy maintenance access. The use of multiple small turbines together with TRITON’s maintenance approach reduces both capital and maintenance costs.

 

“Aecon is pleased to be working on this significant tidal energy project with Black Rock Tidal Power, and we are confident this project will showcase Aecon’s experience and best-in-class facilities in Nova Scotia,” said Mark Scherer, Executive Vice President, Aecon Energy.

 

BRTP is one of only five companies from around the world awarded a demonstration site at FORCE, Canada’s leading research centre for instream tidal energy located in the Bay of Fundy.

 

“Our team is on the leading edge with this innovative technology and we are excited to be working with Aecon and many other Nova Scotia companies to show the world the benefits of tidal power,” says Hirsch.

 

“Building a tidal industry on sustainable practices is creating new jobs, launching new companies and attracting major investments,” said Michel Samson, Minister of Energy. “Investments like these help local companies build solid experience and capacity leading to more opportunities for our workforce.”

 

Unlike wind power, instream tidal power is a predictable source of renewable energy because of the regularity of the tides. This means that tidal energy can be used on a commercial scale to produce renewable electricity and reduce greenhouse gas emissions.

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Private investors commit 10.5 million Canadian Dollars to BRTP project

October 20th, 2015 | Halifax – Black Rock Tidal Power (BRTP), a SCHOTTEL HYDRO subsidiary, has set up a project company (Special Purpose Vehicle, SPV) which will take over its TRITON tidal energy platform once fully commissioned for 15 million Canadian Dollars. The private equity investment into the project company amounts to 10.5 million Canadian Dollars.

TRITON is a floating platform carrying a number of SCHOTTEL Instream Turbines that generate up to 2.5 MW from tidal currents. The device is planned to be installed in autumn 2016 at the BRTP berth at the Fundy Ocean Research Centre for Energy (FORCE) in Canada. FORCE provides an infrastructure to its four berth holders including a substation, grid connection, sea cables and a fully consented site.

Together with the berth at FORCE, BRTP has been awarded the developmental tidal feed-in tariff (FIT) and the respective power purchase agreement (PPA) with Nova Scotia Power. The electricity generated will be fed into the North American power supply system and the SPV will operate the device over the fifteen years duration of the FIT. “The successful closing of the equity finance in our project sets the path for further TRITON projects in the Bay of Fundy and globally,” explains Sue Molloy, General Manager of BRTP. “This is good news for the tidal industry in Nova Scotia and an important step towards proving the commercial viability of our technology and of tidal energy in general. The Province of Nova Scotia has shown great commitment to the tidal industry by setting up FORCE and by establishing the developmental FIT.”

First commercially financed project in the tidal energy industry

BRTP and SCHOTTEL HYDRO have successfully raised 10.5 million Canadian Dollars of private equity for the project company. The equity investment will be leveraged by an additional 4.5 million Canadian Dollars commercial loan. The private equity includes investments from the Shareholders of the SCHOTTEL Group, the Singapore-based clean tech investor Envirotek and as lead investor Inerjys Ventures, a Canadian investment company that acts in clean energy. “Inerjys is convinced that SCHOTTEL HYDRO and Black Rock Tidal Power offer the most cost-effective tidal energy technology at a growth stage and for future large-scale projects,” explains Stephan Ouaknine, Managing Partner at Inerjys, “Furthermore, Inerjys is partnering with SCHOTTEL HYDRO on a growth equity round. This hybrid investment strategy insures commercialization for the product company and efficiency for projects.“

“From the very beginning BRTP and SCHOTTEL HYDRO had the ambition to offer tidal energy technology that allows for commercial tidal energy projects already at an early stage of this industry,” says Niels A. Lange, Managing Director of SCHOTTEL HYDRO. “We are proud that we have raised 70% private equity investment for this project, which we consider to be the first project in the tidal industry at this scale financed under purely commercial terms.”

BRTP will start to market the second 2.5 MW project, soon, for which the FIT and PPA are granted. Furthermore, SCHOTTEL HYDRO and its subsidiaries BRTP and TidalStream has developed a robust global project pipeline.

 

 

 

Tidal Power company BRTP demonstrates commitment to hire local

Dr. Sue Molloy, General Manager at BRTP

April 22nd, 2015 | Halifax – Black Rock Tidal Power (BRTP), a SCHOTTEL HYDRO company, continues to honour its commitment to hire local. Dr. Sue Molloy has been brought on board as General Manager to guide the company as it grows from its first project with the Fundy Ocean Research Center for Energy (FORCE) to be a leader in Canadian tidal power.

Dr. Molloy, who received her doctorate in Naval Architectural and Ocean Engineering from Memorial University of Newfoundland, is a Canadian expert in tidal power representing Canada on a number of standards and research committees.

“When Black Rock Tidal Power was established, we publicly stated our commitment to have a strong local presence, to hire employees from the community, and to work with Nova Scotia firms. I’m proud to say we are delivering on that commitment,” says Prof. Dr. Gerhard Jensen, CEO of  SCHOTTEL HYDRO.

The company is showcasing its innovative technology at FORCE, Canada’s leading research centre for in-stream tidal energy located in the Bay of Fundy. BRTP has contracted local Marine Engineering firm Allswater Marine to complete detailed design work of its TRITON tidal power platform. At present, it is investigating site conditions in the area to identify levels of flow and turbulence in locations where turbines will be positioned. BRTP is also engaged in modelling and simulation work to better understand the geology of the area. Local companies actively involved in these initiatives include Seaforth Geosurveys, Dynamic Systems Analysis as well as Canadian industry association Marine Renewables Canada.

“Thanks to Nova Scotia companies like these plans are on track to meet our goal to supply power in late 2016,” says Dr. Molloy. “Our success is founded on building local relationships.”

Most of the existing tidal current energy systems deployed to date are single turbines designed to rest on the seabed. The single-turbine approach requires enormous machines to operate. This, in turn, requires significant capital to create, transport, and maintain the turbines. Black Rock Tidal Power is directly addressing these cost drivers with a unique semi-submerged TRITON platform. The floating platform freely rotates to the ocean flow and is equipped with inexpensive small and robust SCHOTTEL Instream Turbines (SIT).

 

 

 

Black Rock Tidal Power wins demonstration berth in Bay of Fundy

Honourable Andrew Younger, Minister of Energy
Gerhard Jensen, Managing Director at SCHOTTEL

March 28th, 2014 |Halifax - Black Rock Tidal Power has been awarded one of only two demonstration berths by the Nova Scotia government. The company will showcase its innovative technology at the Fundy Ocean Research Center for Energy (FORCE), Canada’s leading research centre for in-stream tidal energy, located in the Bay of Fundy.

Most of the existing tidal current energy systems deployed to date are single turbines designed to rest on the seabed. This single-turbine approach requires enormous machines to operate. In turn, significant capital is required to construct, transport, and maintain the turbines.

Black Rock Tidal Power is directly addressing these cost drivers with a new approach that combines a unique Triton platform developed by TidalStream Ltd., with inexpensive small and robust tidal turbines developed by ship propulsion manufacturer SCHOTTEL.

The device is semi-submerged, floating and freely aligns to the ocean flow. “We believe our concept will change the way the world looks at tidal power.” says Martin Baldus, General Manager, Black Rock Tidal Power. ”We are honoured to have been selected to demonstrate our innovative technology here in Nova Scotia.”

The economic potential of tidal power is considerable, and Black Rock Tidal Power has built a strong Nova Scotia team of companies to implement its FORCE project. Local senior management and communications staff are already in place, with recruitment planned for other positions.

Allswater Marine Engineering of Bedford will be in charge of the overall management of the project in partnership with five other Nova Scotia companies. These companies will provide detailed design, project installation, and maintenance services for the generator platform. Nova Scotia companies will also provide key technology components for the device, and develop new technologies and methods.

Nova Scotia is an international leader in tidal power and we are honoured to have been selected to demonstrate our innovative technology. We believe this will change the way the world looks at tidal power.

 

 

 

Black Rock Tidal Power submitted proposal for tidal energy demonstration project

December 16th, 2013 | Halifax - Black Rock Tidal Power submitted a proposal for its in-stream tidal energy demonstration project at the FORCE berth D in the Bay of Fundy to the NSDoE.

The proposed TRITON technology offers not only a cost-effective solution for in-stream tidal energy but also a route for risk-mitigation following the stepwise development of a 5MW array.

Subsequent to the detail phase including comprehensive testing of components, the first platform carrying 16 of 36 turbines will be fabricated, tested and deployed in 2015.  The extension of the platform to it´ s full capacity of 2.5 MW with 36 turbines and the start of construction for the 2nd platform will follow in 2016 after a  reasonable test period in the Minas Passage.

Together with the consortium partners, BRTP offered a solution that will make tidal power not just an option in Nova Scotia but also an affordable ´Made in Nova Scotia´option.