Ocean Community News

Ocean Renewable Funding Project Launches: Opens First Call

The FORESEA (Funding Ocean Renewable Energy through Strategic European Action) project launched in July 2016 to help bring ocean energy technologies to market by providing access to North-West Europe’s world-leading network of test centers.

The cost of pre-commercial testing and demonstration for ocean energy is high and investors are reluctant to invest until the technology has been proven in the sea at scale. The result is that precisely at the point when risks are highest and capital requirements most intensive – (e.g. open ocean testing and demonstration) – technology developers hit a funding brick wall.

The FORESEA program encourages longer term testing and technology de-risking, thereby leveraging further investment and enabling progression towards the marketplace. Through the project, the performance of innovative ocean renewable energy technologies will be demonstrated in real sea conditions, helping to leverage the investment needed to take new products to market. Access to test sites will be provided through a program of competitive calls, run by the project’s consortium. The program covers the following test centers:

European Marine Energy Centre (EMEC): Orkney Islands, UK

SmartBay: Galway, Ireland

SEM-REV: Nantes, France

Tidal Testing Centre: Den Oever, Netherlands

The test centres are supported by European industry group Ocean Energy Europe, based in Brussels.

Now, the €11m FORESEA program has opened its first call for support package applications. Successful applicants will receive free access to test ocean energy technologies in real sea conditions at the projects network of open sea test centers. The program is funded through Interreg NWE, part of the European Regional Development Fund.

The call for applications is open to parties who wish to deploy their technology for testing before June 2018. Preference will be given to technologies ready for deployment in 2016 and early 2017. The deadline for applications is 21 September 2016. Further information about available funding can be found on the FORESEA website at www.foreseaproject.eu.

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