Pulse Tidal receives EU grant

Sheffield-based Pulse Tidal is to receive a grant of €8m (£7.3m) from the EU’s technology research and development fund (Framework Programme 7) to enable the company to begin work developing its first fully commercial tidal-energy generator.

The 1MW generator will be commissioned in 2012 and will provide electricity for up to 1,000 homes.

Alongside this finance, the company has signed contracts with a group of international companies to develop the commercial device and form a secure supply chain for volume production.

Pulse has developed a system whereby tidal streams move horizontal blades up and down to drive a generator. Its 100kW test rig in the Humber estuary currently feeds power into a chemicals company on the banks of the river.

Bob Smith, Pulse chief executive and the former chief development officer at BP Solar, said: ‘We have developed an economic way to recover predictable, renewable energy from the tides and are entering a young market predicted to be worth at least £6bn annually in electricity sales.’

The EU grant has been awarded to the team of Pulse and its seven supply-chain partners to fund 50 per cent of the development of Pulse’s full-scale commercial generator. The remaining 50 per cent will be provided by private investment.

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