Tocardo is targeting Japan as a highly promising market for tidal and river energy generation and is delighted to link up with SPD as its preferred business partner there. Together, they will focus on turbine supply deals of 18 MW over the coming three years.
SPD and Tocardo were brought together by CDI Japan – a specialist in forging alliances between Japanese and overseas companies, including in the field of renewable energy.
“We are thrilled to have entered into this agreement with SPD based on mutual trust and a shared vision of the potential of the Tocardo tidal technology,” says Hans van Breugel, CEO of Tocardo. “Tocardo is actively pursuing a network of dealers who can deliver on the Tocardo ambition as part of our long-term strategy. This dealership agreement is clear evidence of the viability of our business strategy and we expect to develop our alliance in line with both the market opportunities and our product offerings”.
“Being fully convinced of the potential of the Tocardo technology, in both tidal as well as river applications, we are proud to start a close cooperation with Tocardo . It will allow us to offer our clients a renewable, economic and reliable energy source,” comments Nobuhisa Hayashi, President & CEO of SPD.
Tocardo already has a foothold in the Japanese market, having recently made its first commercial sale of a turbine to the country. The unit – which will serve as an important demonstrator of Tocardo’s technology – is due to be delivered in October this year. A world-first advantage for Tocardo is its ability to deliver fixed-price and off-the-shelf turbines, with just six months delivery time.
The Tocardo free-flow in-stream hydro turbines can be compared to “underwater wind turbines”: free-standing underwater units, generating energy from sea currents and tidal and river flows. TOCARDO’s has entered the renewable energy market with 100 and 200 kW turbines. This technology is proven over three years in hostile currents of 4.5 m/s. The company is also developing a 500 kW and 1 MW offshore turbine.
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