Pan European Networks - Horizon 2020 - page 130

want to enable our children to live as greatly as we have, renewable and
reliable energy is a must.
International partnership
For the commercialisation of the Deep Green power plant, Minesto has
attracted funding from the EU as well as the Swedish and UK
governments; this money has had a significant impact on our
development. Public funding is vital for the development of new energy
technologies and to help unlock private investment through de-risking,
making it possible to meet the private financiers’ requirements on return.
It also lends credibility to the company and the technology as private
investors are aware of the high requirements and tough competition for
public investment, so if you have managed to attract public investments,
you are a more attractive candidate for private investors.
The Deep Green power plant covers a large variety of technology areas,
from material science and power transmission to oceanography and
offshore operations. It would be difficult to have in-house expertise in
all these different areas. International research collaborations have
therefore been established with several renowned European universities.
Such collaborations involve Sweden’s Chalmers University of Technology
and the UK’s Bangor University and Queen’s University Belfast, as well
as other crucial subcontractors and suppliers. The key to successful
research collaboration is to meet the right person in the organisation
and ensure that both parties can benefit.
Government funding will continue to have a strong impact on the
development of the marine energy industry. To some extent, it steers
the development of the sector, and this is why it is important that the
calls are aligned with the needs of the industries. Governments need to
continue to support a diversified mix of technologies at different
I S S U E S I X
H O R I Z O N 2 0 2 0 P R O J E C T S : P O R TA L
Anders Jansson
Minesto
B R OW S E
H O R I Z O N
2 0 2 0
130
S O C I E TA L C H A L L E N G E S : E N E R G Y
Water stars
In September 2014, the EU announced it had awarded €750,000
in funding to Minesto and tidal power developer Atlantis from the
Eurostars 2 joint programme, the public-public partnership (PuP)
that stimulates growth and job creation by supporting innovative
SMEs. The money was granted to the €1.5m TEHADP project that
aims to reduce the cost of tidal energy; it is a unique international
collaboration between two different marine energy developers.
Commenting, Minesto chief executive Anders Jansson said: “This is a
truly unique collaboration between tidal energy developers. Minesto
and Atlantis introduce a wealth of experience from the development
of marine energy plants, and our complementary positions in the tidal
energy market will facilitate extensive knowledge exchange that
would not be viable via other technology developer collaborations.
The funding also proves that Eurostars has identified marine energy
as a strong future supplier of clean energy.”
Eurostars is jointly financed by the European Commission, through
Horizon 2020, and EU member states. Renewed under the
research and innovation framework programme, the PuP has a
budget of €1.14bn.
readiness levels and have long term strategies
and support systems in place.
Embracing the tide
Scepticism has been expressed about marine
energy for its long and costly development, but
that should be set in relation to other
technologies that we today depend on. Offshore
wind had not been heard of in the mid-1990s,
yet its growth during the 21st Century has been
phenomenal. Between 2010 and 2014, the
market grew by 600% and is expected to grow
by 2,300% until 2020. Today we depend on
wind power, which supplies electricity to more
than 25% of the UK’s households. The next
industry to experience the same breakthrough
is tidal and ocean current energy.
Thanks to many enabling technologies, like
sensors, materials and computer simulations,
tidal energy technologies have made great
progress in just a few years. The tidal energy
industry has done its homework to pass the
early stages of technology development, and it
is now time for politicians and investors to
ensure this European industry has a strong
backbone, thus enabling it to grow, advance
and lead.
The deployment of
Deep Green in
Strangford Lough,
Northern Ireland
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