Firm behind ‘world’s most powerful tidal turbine’ to head up new $31 million energy project

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This image shows Orbital Marine Power's 2 megawatt turbine, the Orbital O2.Scottish engineering firm Orbital Marine Power is to lead a consortium focused on the commercial deployment of floating tidal energy.In a statement on Monday, the company, which has previously described its 2 megawatt O2 tidal turbine as the "world's most powerful", said the 26.7 million euro ($31.5 million) Forward-2030 project would receive a 20.5 million euro grant from the European Union's Horizon 2020 program. Although the U.K. officially left the European Union on Jan. 31, 2020, its companies and researchers are still able to access funding from Horizon 2020.In a statement, Orbital said the project would work on the development of a system combining "floating tidal energy, wind generation, grid export, battery storage and green hydrogen production." The company will assume the role of both project coordinator and lead technology developer. Read more about clean energy from CNBC ProBreaking thin
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