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e-pitch event 21-01-2021

Electrification in a Decarbonised World – e-pitch event

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E-pitch event

January 21st Tocardo was one of the invitees to pitch the company at the Solar Impulse Foundation e-pitch event on Electrification in a Decarbonised World, organized by the Solar Impulse Foundation in partnership with Schneider Electric. The event was watched by a large group of representatives from the business community and financiers. The organisation reported a traction on this session of 90 unique attendees.

How tidal power generation contributes to the electrification in a decarbonised world

Tidal energy is the answer for the increasing volatility in our energy system. Solar and wind power are the drivers for the current unpredictable energy system. On the other hand the extreme predictability of the tides results in an endless source of predictable renewable power generation. The driver for tidal stream power generation is combatting climate change by reducing the CO2 emissions with a 100% renewable, 100% reliable and 100% predictable energy source. Because of the geographical limitations and specific local characteristics for successful tidal power (micro)plants the highest value can be generated on specific locations for specific type of customers. Tidal stream power is the missing renewable energy source to create a local balanced power generation mix.

About the Solar Impulse Foundation

In July 2020 Tocardo’s turbine technology has received the Solar Impulse Label. The Solar Impulse Foundation aims to help the cleantech innovators behind the efficient solutions in order to accelerate their companies’ success. Once their solutions are labelled, the Foundation provides them support on six specific levels. That is, by giving them better access to the market, more appeal to investors, support in their advocacy work, feedback from industry experts, more credibility and greater visibility.

For investors

For investors who did not attend the event and who are also interested in our pitch and value proposition please contact us directly.

HydroWing Ltd

Tidal Hydrogen Production Storage and Offtake

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HydroWing in partnership with Tocardo is delighted to introduce the THyPSO (Tidal Hydrogen production, Storage and Offtake), a n innovative and novel concept that creates green hydrogen from the sea, contributing to the wider global decarbonisation of energy systems.

THyPSO is a floating platform, housing 1 – 6 conventional bi-directional tidal turbines that convert tidal flows into electrical energy, which is then directed through an integrated hydrogen production unit, converting the unlimited supply of surrounding seawater into hydrogen, an energy-dense and versatile commodity.

THyPSO has capacity to hold up to two weeks’ worth of hydrogen production in pressurised storage tanks. Offtake is scheduled autonomously by remote communications and discharge occurs within a single slack tide. A simple and safe procedure using an offtake vessel moored down-stream of the device, connected via a pressurised delivery hose.

Hydrogen is a much more versatile commodity than electricity, it can be stored and used for a wide range of applications, eliminating carbon emissions from maritime transport, agriculture, aquaculture, fishing, tourism, leisure, Petro-chemicals, road transport, rail transport and grid balancing.

THyPSO combines the advantages of tidal and hydrogen technologies, mutually overcoming technical and financial barriers faced by each technology alone. By being autonomous of the grid and eliminates expensive and high-risk subsea infrastructure, creating substantial savings on OPEX and CAPEX, as well as installation and decommission.

Another key issue with producing electricity from any renewable source is the intermittency of production. By producing hydrogen instead of electricity, the offtake and onward distribution can be actively managed and scheduled to suit weather windows and market demands at the time. Consenting, installation, and decommissioning are other areas where substantial time and costs can be saved.

The THyPSO project will demonstrate streamlined implementation of tidal energy projects with a view to upscaling and rolling out larger projects across Europe and the rest of the world in the coming years in line with the ever-growing demand for green sourced hydrogen.

Richard Parkinson, Managing Director, HydroWing Limited: ‘This project has shifted our focus to a broader and exciting market where we can make use of our tides to provide a more versatile energy mix into the local communities and beyond. I sincerely hope that we can inspire greater use of green hydrogen in the marine sector as a result of this project.’

Andries van Unen, CEO, Tocardo B.V.: ‘This project provides a new perspective and a versatile use for tidal turbines. The project is well suited to the range of Tocardo turbines allowing us to effectively scale up as demand for green hydrogen increases into the future.’