Nova Innovation bags funds for Wales ops

Nova Innovation has been awarded a grant of £265,000 by Cronfa Cymunedau’r Arfordir (Coastal Communities Fund) to help to establish its operations in Wales.

The funding, which will be spread over a three-year period, will help to support four full-time posts in North Wales and the establishment of a turbine assembly facility.

Nova is currently developing two tidal energy projects in Wales – at Enlli (Bardsey Sound) on the Llyn peninsula, where the company is working closely with community group YnNi Llŷn, and at the Morlais Demonstration Zone off Anglesey.

Cronfa Cymunedau’r Arfordir (Coastal Communities Fund), Joseph Kidd, Nova Innovation Commercial Manager, said: “This grant will help Nova make a real investment in local jobs and the local supply chain in north Wales. 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: “We welcome this funding as it will support the creation of new jobs in north Wales. We are excited to be working with Nova and this will help accelerate the projects we are developing together, whilst 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, and it has taken on experienced marine energy specialist Joseph Kidd to lead on Nova’s developments in Wales.

The focus now for Nova is on establishing an operational presence in north Wales and building the team to deliver the projects, the company said.

Share this article

Follow Tidal Energy Today


<< Jan 2018 >>
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

Waterpower Week 2018

This 3-day jam packed event provides you the opportunity to network, learn about legislative and regulatory initiatives, and discuss…

read more >

World Future Energy Summit 2018

The conference offers a combination of in-depth breakfast briefings, panel discussions and expert talks, with senior-level members…

read more >

Marine Moorings Masterclass – STORM project

Funded by Innovate UK, the STORM (Specialised Thimbles for Offshore Renewable Marine energy) project is aiming to design a new multi-material…

read more >

RenewableUK Wave & Tidal 2018

The event will bring together leading developers, OEM’s, financial and innovation funding experts, technical and safety professionals…

read more >