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LONDON - Time To ACT plc (AQSE:TTA), an engineering group with a focus on the energy transition supply chain, announced significant progress in wind turbine generator technology. The Offshore Renewable Energy (ORE) Catapult, a leading UK innovation and research center for offshore wind, validated GreenSpur’s 18MW axial flux generator design, which boasts substantial cost and weight reductions.
The design, using NdFeB magnets, is reported to cut the Levelised Cost Of Energy (LCOE) by an estimated 6-7% and reduce generator weight by 24% compared to conventional radial flux generators. These reductions are attributed to the generator’s inherent efficiency and its air-cooled system, which simplifies operations compared to water/glycol cooling systems.
GreenSpur’s technology has reached virtual Technology Readiness Level 7 (TRL 7), indicating it is close to commercial deployment. The modular nature of the design is seen as scalable and suitable for industrial-scale manufacturing, positioning it for integration into the next generation of large offshore wind turbines.
Jason Moody, COO of Time To ACT, expressed confidence in the axial flux technology as a "transformational platform" for offshore wind, emphasizing the independent assessment that supports significant LCOE reductions. Chong Ng of ORE Catapult highlighted the design’s strong technical and commercial potential, suggesting it could set a new industry standard for cleaner, more affordable energy.
Chris Heminway, Executive Chairman of Time To ACT, underscored the potential impact of the technology, noting that even a 1-2% reduction in LCOE is significant in the wind power sector. The GreenSpur team’s innovation could be pivotal for the deployment of super-sized offshore wind turbines.
The company is actively engaging with turbine OEMs and developers to position its technology strategically. Time To ACT plans to provide further details through a pre-recorded webinar on June 20, available on the company’s Investor Hub, where stakeholders can submit questions in advance.
This advancement in wind turbine generator technology is based on a press release statement and represents a potential leap forward for the offshore wind industry in reducing costs and simplifying operations.
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