Forward-thinking and progressive companies will push sustainable energy technology and innovation further, testing its boundaries. These companies will advance as they see the value in environmental advocacy. They will be very focused on time and cost cutting methods. At PMI, we are looking into the future with these companies, helping reduce their costs through the use of hydrodynamic efficient hardware. Our in-depth hydrodynamic efficiency studies can be done on existing subsea devices for a complete cost analysis, as well.
In the world of energy, time and money are of the essence. Whether it be meeting projects completions, cost recovery or investor returns, entering the sustainable energy market has very real risks. All variables in the energy sector are related to time and cost. This is even truer in the sustainable energy sector. In order to get off the ground floor, in order to thrive, new emerging technologies and companies in this sector will require the removal of barriers to entry, which at times contain the much maligned red-tape. Read more…
Tidal energy farms require cables. And we understand that the lifetime of those cables significantly effect O&M costs. That’s why as the demand for tidal energy grows, we expect to find ourselves a long-time supplier in this market. Our product are designed to guard against cable and equipment damage, extend service life and maintain cable integrity in extreme underwater environments. Our hardware is proven to reduce the cost of maintaining subsea cables over time.
How the world is harnessing the power of the tides:
The Bay of Fundy is receiving a great deal of attention from proponents of ocean energy and from those in the industry seeking a more sustainable and green future. This 270 km long ocean bay is located in Atlantic Canada between the provinces of Nova Scotia and New Brunswick. The Bay of Fundy is where you will witness the highest and most spectacular tides in the world with 100 billion tons of seawater flowing in and out daily during each tidal cycle. This enormous power is currently being harnessed to generate electricity via tidal in-stream energy conversion (TISEC). Numerous projects and research initiatives are underway. With growing demand all over the world for renewable, clean, and carbon-free energy generation, tidal energy is quickly becoming a top choice over traditional wind and solar power. Read more…
One way PMI Industries is able to help companies accelerate and streamline subsea projects is by designing and testing cable hardware solutions upfront. In our Independent Test Lab, your engineers simulate service conditions experienced by underwater cable systems and devices. Once testing is completed, the implementation cycle is accelerated, ensuring projects like RiCORE run smoothly.
The RiCORE (Risk Based Consenting for Offshore Renewable Energy) project has been awarded €1.4 million from the European Commission’s competitive Horizon 2020 programme.
Led by Robert Gordon University (RGU), a group comprising teams from Ireland, Spain, Portugal, France and Scotland will look at ways of accelerating and streamlining the environmental requirements associated with consents for offshore wind, wave and tidal projects. Read more…
As wind power grows in the UK, it is certain to grow in the US. PMI’s experience designing and producing reliable cable systems for offshore wind projects will benefit companies looking to innovate, increase performance and lower costs.
The UK Department of Energy and Climate Change has released results of a public attitude tracking survey, which shows support for offshore wind power has remained stable since the last survey.
According to DECC’s findings, support for individual renewable energy sources remain positive; offshore wind (74%), onshore wind (68%), wave and tidal (74%) and solar (81%). Read more…