Tidal energy company Nova Innovation has been awarded a grant of £265,000 by the Coastal Communities Fund to help establish its operations in Wales.
The funding will be used to support four full-time posts in North Wales and the establishment of a turbine assembly facility, supported by a robust supply chain. The company is currently developing two tidal energy projects in Wales – at Bardsey Sound on the Llyn Peninsular, with community group YnNi Llŷn, and at the Morlais Demonstration Zone off the coast of Anglesey.
“This grant will help Nova make a real investment in local jobs and the local supply chain in north Wales” said Joseph Kidd, Nova Innovation Commercial Manager. “Tidal energy has a vital role to play in Wales’ energy mix and can be a real catalyst for the regeneration of coastal communities. Creating jobs and developing local manufacturing is all part of that in our view.”
Brian Thomas, Chairman of YnNi Llŷn, added that the funding will support the creation of new jobs in North Wales and will help accelerate the projects that YnNi Llŷn and Nova Innovation are developing together, while acting as a catalyst for wider economic development in the region.
Nova already has a presence in Wales, at the Marine Energy Hub in Pembroke Dock. The company has also employed experienced marine energy specialist Joseph Kidd to lead the company’s developments in the country.
In 2016 Nova Innovation was the first company in the world to deploy a fully operational grid-connected offshore tidal array at their site in Shetland.