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Orbital Marine Power and GEG Sign Agreement for Tidal Energy Project

by Geraldine S.
05/15/2024
in Industry, Supply Chain

Orbital Marine Power, a developer of floating tidal turbine technology, has chosen Global Energy Group (GEG) as the preferred supplier to lead the manufacture and assembly of tidal turbines for projects in Orkney, Scotland. The manufacturing of turbines is expected to begin at GEG’s Port of Nigg facility on the Cromarty Firth later this year, with the first power anticipated from the Orkney-connected projects in 2026. These projects have secured contracts through the UK Government’s Contract for Difference (CfD) auction rounds 4 and 5.

They will build on the success of Orbital’s O2, the world’s most powerful tidal turbine. Launched and operational since 2021 off the Orkney coast, the O2 turbine offsets around 2,000 tonnes of CO2 annually and powers 1,700 UK homes, while also creating high-value jobs in the local economy. Orbital Marine Power aims to use a predominantly UK-based supply chain for the manufacture and installation of its tidal projects, anticipating a boost in UK job creation with the delivery of its CfD projects. Andrew Scott, CEO of Orbital Marine Power, stated, “Orbital is committed to ensuring tidal stream energy can make a complementary and material contribution to the UK’s decarbonizing ambitions while also supporting a just transition by creating a new industrial sector led from the UK and our home in Scotland. The selection of Global Energy Group is a significant step towards that vision.”

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Iain Sinclair, Executive Director at GEG, commented, “We are delighted to have been selected by the Orbital team as their preferred supplier for the manufacture and assembly of their innovative floating tidal technology. This is a real vote of confidence in our people and the integrated capability at the Port of Nigg. Importantly, it further demonstrates our commitment towards delivering a high-quality, cost-competitive, localized value proposition for the multi-technology approach required for the successful decarbonization of the UK’s energy sector.”

Stay informed with supply chain news on The Supply Chain Report. Learn more about international trade at ADAMftd.com.

#MarinePower #SustainablePower #CleanEnergyNews #GreenTechnologyNews #SupplyChainNews

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