Posted on: 07/03/2017
Tidal energy project wins €4.4m funding
A consortium led by Edinburgh-based Nova Innovation has secured a €4.4 million (£3.8m) grant from the European Commission to develop a more-efficient system for capture power from tidal turbines.
The tidal turbine power take-off accelerator (TIPA) aims to cut the lifetime cost of tidal turbines by 20%.
Other partners in the consortium include Siemens, the University of Edinburgh and Wood Group.
> Read Nova Innovation's announcement
Close Brothers backed wind farm opens
Paul Wheelhouse, the Scottish Government’s Minister for Business, Energy & Innovation, has officially opened the three-turbine extension to the Muirhall wind farm in South Lanarkshire.
The three GE 2.75MW turbines have 120-metre rotors, the largest in the UK.
The project was financed by Close Brothers.
> See Muirhall's statement
Battery innovator secures £2m funding
IP Group has led a £2 million funding round for Edinburgh-based battery management systems firm Dukosi.
The company’s technology gives users more information about the state and health of their batteries.
Other investors in the company included Par Equity and the Scottish Investment Bank.
> View Dukosi's announcement
London energy from waste plant gets green light
Business & Energy Secretary Greg Clark has given the North London Waste Authority (NLWA) permission to build an energy-from-waste plant at the Edmonton EcoPark.
Construction work could begin as early as 2019.
The existing plant on the site will be decommissioned once the new facilities is up and running, which is due by 2028.
> See the NLWA's statement
Banks Renewables’ £210m funding for three wind farms
Banks Renewables has secured £210 million to build three wind farms.
ING, Macquarie, National Australia Bank, Rabobank and Santander have backed the project.
Durham-based Banks will build wind farms at Moor House near Darlington and at Middle Muir and Kype Muir in South Lanarkshire.
> Read Banks' announcement