Orbital Marine Power – delivering low cost tidal energy

Branch event
  • Aberdeen, Highlands & Islands
  • The Marcliffe Hotel and Spa, <br />North Deeside Road, <br />Aberdeen
  • 11-02-2020
    /
    11-02-2020
  • 18:00 - 20:00
  • Book now

<p>The presentation will explain the conceptual benefits of the Orbital Marine floating tidal technology across construction, installation and operational phases of a tidal energy project.</p>

The presentation will explain the conceptual benefits of the Orbital Marine floating tidal technology across construction, installation and operational phases of a tidal energy project.

Using real examples from the successful SR-2000 deployment, which generated over 3 GWhrs of electricity onto the UK grid in 12 months of continuous operation, and the ongoing construction program of the next 2 MW Orbital O2 turbine, the presentation will highlight how the technology supports a low levelized cost of energy (LCOE), creating a commercial and economic advantage that brings costs to a point close to those of currently installed UK offshore wind.

The presentation will also look at the significant supply chain opportunities that would be on offer to UK suppliers of equipment and services into existing UK and global offshore markets.

Key speaker

Chris Milne, Chief Financial Officer of Orbital Marine Power Limited and Director of Orbital Marine Power (Orkney) plc

Chris joined Orbital as CFO in October 2016 where he leads on fundraising, finance and reporting as well as supporting Orbital’s CEO on corporate strategy and business planning. Chris has led or managed financial transactions ranging from seed capital investments to multi-billion infrastructure deals across the energy space.

Chris was previously Vice President of the oil and gas services focussed private equity fund managed by Simmons and Company International, after holding a number of senior finance leadership positions at SSE plc (previously Scottish and Southern Energy plc). This included sitting on the board of its generation business as Head of Finance for all generation, gas storage and exploration and product activities, as well as various other non-executive director roles. Prior to joining SSE, Chris was a manager in KPMG’s Private Equity M&A team in London.

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