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Subhub with Tocardo T-1

QED Naval launches Seedrs crowdfunding campaign

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Crowdfunding campaign QED Naval

Tocardo’s shareholder QED Naval has launched a crowdfunding campaign to complete the deployment of its Subhub tidal platform and Tocardo T-1 turbines at Yarmouth Tidal Test Centre. QED launched the campaign, valued at £15 million, on the Seedrs platform, and is looking to supercharge the companies growth by bringing investors on board as shareholders.

Onshore testing completed

The turbines have been shipped autumn 2021 to Pembroke Dock for integration with the Subhub. After having mounted three Tocardo’s T-1 turbines onboard the Subhub platform at Mainstay Marine Solutions. QED Naval is now gearing up to deploy the community demonstrator (CD) device for real sea trials.

Yarmouth Tidal Test Centre

The upcoming trials will be done at the Yarmouth Tidal Test Centre. The purpose is to demonstrate how tidal energy can be quickly and cost-effectively deployed and maintained over large distances and a broad range of weather conditions. Furthermore, the trials will serve for the validation of associated design tools and processes.

About Subhub

The self-deploying foundation system Subhub is a platform designed to support the commissioning, testing, transportation, and installation of an array of tidal turbines. QED Naval’s self-deploying platform can cut costs of deploying and maintaining turbines by circa 60% and, by clever hydrodynamic design, can improve yields from the site by up to 48%.

An exciting opportunity for investors!

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An exciting opportunity for investors!

Now is your chance to get involved: our Edinburgh-based business partner QED Naval has launched its first crowdfunding campaign on the Seedrs platform. The funding will assist further develop existing sites and to secure potential new locations for its patented Subhub tidal platform. The company (QED) also secured an award of €3.5m of EU funding and a place on Interreg’s €46m Tidal Stream Industry Energiser Project (TIGER) last year. Your green impact investment in renewable tidal energy with QED will help further demonstrate our key efficiencies, as outlined above, to the $76bn global market which we are addressing.

Subhub

One of the key design drivers for Subhub was to minimise the environmental impact of the platform. The best way to do that is to make it a seabed mounted system so it is invisible from the surface and maintains the seascape and navigation channels of shipping. It is beyond the diving depth of most birds. Advantageously, it means the extremes of wave loading are exponentially less than at the surface. Subhub is a submersible, gravity based foundation that supports an array of tidal turbines through life. It’s hydrodynamic hull form steers and accelerates the flow into the turbines to significantly enhancing the energy yield having a dramatic impact on the Levelised Cost Of Energy (LCOE) of the overall project.

The added value of tidal power

QED Naval managing director Jeremy Smith said: “Tidal energy is not only renewable, it is the only one that is 100% predictable, can guarantee power output every day of the year, and globally will be worth $76bn by 2050. “So, when the wind is not blowing and the sun is not out, tidal can quite simply fill the gaps in our grid requirement and prevent us having to switch to diesel, gas or coal power.

Get involved

This is a unique opportunity for QED Naval to supercharge their growth, by bringing investors on board as shareholders. This fundraising round will allow them to get going on all the incredible initiatives they have planned for the future. Get involved!