Winner of All-Energy Marine Renewable Energy Investment Challenge

The winner of the All-Energy Marine Renewable Energy Investment Challenge sponsored by Atlantis Resources was announced recently at the end of the plenary session: ‘The effects of Brexit on the renewable and low carbon energy sectors’

Tim Cornelius, Chief Executive of Atlantis Resources had a strong panel of experts to judge the five Investment Challenge finalists: Nick Stamp, Director, Macquarie Capital; Cameron Smith, Partner, Ashurst; Ben Brewerton, Director, FTI Consulting; Jonnie Cox, Managing Director, Cantor Fitzgerald. As Tim was not able to be present, his remarks were read by Judith Patten MBE, Conference Project Director of Reed Exhibitions’ All-Energy:

“After a long deliberation and much vigorous debate, the panel agonised over selecting a winner. We want to thank all of the participants and we will directly contact each of them with detailed feedback from the judges. Joe Hulm, Director, Ocean Energy Advisors pitched a product that the marine industry desperately needs and identified a clear gap in the market; Peter Fraenkel, Director Fraenkel Wright, put forward a compelling case for larger rotor diameter turbines to rapidly reduce LCOE - enabling tidal power to remain competitive with offshore wind; David Carrascosa, Chief Tech Officer, Saitec delivered a very high quality presentation around a very well thought out product with a clearly defined path to test and verify the SATH platform and Graeme Mackie, Founder, Ocean Flow Energy, delivered a highly credible pitch to develop Starflow which the panel believes has a high probability of being commercialised.

“However, there can be only one winner, and this year, the panel selected Joachim Amland from Tidetec from Norway. The panel was impressed by the clearly set out investment proposition, the quality of the business plan and presentation, the realistic valuation and the path set out to commercialisation. The panel will be in contact with Tidetec to set up working sessions in London to build up their business plan to assist them on their future funding rounds.

“Well done to all participants and my personal thanks to all of the judges who donated their time so generously.”

Tidetec, who presented their tidal lagoon ‘two-way hydropower’ technology, won £10,000-worth of invaluable advice from lawyers, stockbrokers, investment bankers, accountants communications experts and marketeers.

All-Energy 7

Ghent University has been involved in wave and tidal energy research for over a decade e.g. in the EU framework (e.g. SEEWEC project), the national (e.g. BOREAS project) and the WES (e.g. PST-WEC project) programme. Today we are pleased to announce the construction of a coastal and ocean basin – to be operational as of 2019- of 30x30x1,4m³ with full control over the waves and currents (and wind) in various directions.

Our services: •

Research partner for H2020 projects in the fi eld of off shore energy

Tidal energy: blade design and CFD, FSI simulations; innovative PTOs and grid coupling

• Wave energy: from hydrodynamic response over PTO design to grid coupling, and WEC array modelling

• •

Fatigue and robustness of structural elements for off shore energy

As of 2019 access to the coastal and ocean basin

Offshore steel structures We supply the renewable energy sector.

• Tidal • Wave • Wind

Want to know more? Feel free to contact us

Bladt Industries, an innovative global leading steel contractor, has been involved over the last decade in more than 1,500 off shore structures for the renewable industries, including being pioneers in the fi rst


turbine. We have manufactured large-scale, highly complex structures for clients worldwide. Our vision, close co-operation, quality fi nishes and open dialogue from start to fi nish, makes us the ideal partner for projects in the off shore wave and tidal sectors.

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