15th November 2019
Established 1872. Online since 1996.

Nova Innovation launches £500,000 crowdfunding campaign

7 comments, , by , in News, ST Online

The company behind the world’s first offshore tidal array, located in Shetland, has launched a crowdfunding campaign.

Nova Innovation is looking to crowdfund £500,000 to fast-track tidal energy technology and accelerate growth across Europe and North America.

The tidal energy company is responsible for the tidal array in Bluemull Sound, which has been generating power for isles homes and businesses for over three years.

“With the climate emergency and a global hunger for clean, sustainable energy, the time is right to invest in additional sources of renewable energy,” said Simon Forrest, CEO of Nova Innovation. “Nova’s tidal technology can generate clean, predictable electricity from the abundant tidal resources around the world.”

“We are offering the opportunity for people to invest in Nova and join our mission to harness energy from the tide, securing this source of clean electricity for the future.”

The Edinburgh-based company also announced last year it achieved a “world-first” in integrating its Bluemull tidal array to a Tesla battery system, providing “clean power”.

Those interested in investing or further information can visit here.

7 comments

  1. ian tinkler

    Rather than expensive and very polluting Tesla batteries, why not use low pressure floating gasometers to store hydrogen, then fuel cells for electricity generation? A simple tried and tested system using gasometer storage, tested safely for storing town gas for about a century. ( Town Gas was about 50% pure hydrogen).
    https://www.designingbuildings.co.uk/wiki/Gas_holder

    Reply
  2. ian tinkler

    Gasometer hydrogen gas storage, simple, clean and low tech. Now for the high tech, simple clean, no polluting lithium battery and very sassy. The past and the future. https://www.bbc.co.uk/news/business-50212037

    Reply
  3. ian tinkler

    Sorry John.
    1/ I advocate tidal generation and electrolysis to produce hydrogen. VE is obsolete and discredited. A very expensive subsidy dependent project, fortunatelly dead and buried.
    2/Hygrogen gas can be used in a multitude of ways. District heating, Gas turbines, combustion engines and fuel cells.
    3/ Lithium cell manufacture is a massive polluter.https://www.industryweek.com/technology-and-iiot/lithium-batteries-dirty-secret-manufacturing-them-leaves-massive-carbon
    4/ as above
    5/ Early days as yet but https://scholar.google.co.uk/scholar?q=cost+hydrogen+storage&hl=en&as_sdt=0&as_vis=1&oi=scholar
    ^/ Cost of plant. Tesla’s 100MW/ 129MWh Powerpack project $50 million. No one is interested in replication. I!wonder why? Company PR is not always that accurate, especially Tessla bassed..

    Reply
  4. ian tinkler

    Go for it Boris,
    “The prime minister touched repeatedly on climate change, green technology and science in his address, and suggested that nuclear fusion – which the Tories promised £200 million in extra funding over the weekend – was on the brink of a breakthrough.
    “They are on the verge of creating commercially viable miniature fusion reactors for sale around the world,” he said of the JET fusion research centre at Culham in Oxfordshire.
    Read more: https://www.newscientist.com/article/2218570-boris-johnson-jokes-about-uk-being-on-the-verge-of-nuclear-fusion/#ixzz64UCDgiQ5
    It is good to go forward. I wonder what £710 million would get you? A windfarm!!!!

    Reply
  5. John Thomas

    Hi Ian,

    I like how you are happy with yourself 🙂
    1) “falling technology costs have allowed unsubsidized solar and onshore wind to become the cheapest source of new bulk power in all major economies except Japan.”
    https://cleantechnica.com/2018/11/21/solar-onshore-now-cheapest-source-of-new-bulk-power/
    Viking was subsidy dependent, so probably not a winner. When they come back with a new non-subsidised project, I am sure you will back it?
    2) I am sure they are. Not relevant.
    3) I am sure that is partially correct. It assumes that the battery manufacture is based on fossil fuel power. This is not 100% the case even in China, and will certainly not continue to be in the future. Now back to your actual point. Show the data that a new diesel car is less polluting in its lifetime than a new electric car. I’m right you’re wrong doesn’t cut it.
    4) Which it is? “A simple tried and tested system” or “early days as yet”. You can’t have it both ways.
    5) “No one is interested” Not true. Who is interested in your system? How many MW of capacity are set to be installed globally by the Tinkler process?
    https://www.utilitydive.com/news/eia-700-mw-of-utility-scale-battery-capacity-installed-in-us/514409/

    Reply

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