Proteus Marine Renewables

What a week! It’s an extremely busy time for Proteus, particularly following the announcement of our 59MW project for MeyGen, awarded at the Ocean Energy Europe Conference, where Drew has also been speaking. We now have just a few days left on Crowdcube and warmly invite new shareholders to join us as we ramp up for significant revenue growth. As a reminder: 👉 We’re raising to scale, NOT for R&D. We’ve already invested heavily in our environment - from our technology and equipment to our offshore services. 👉We’re leading delivery of the newly announced £200m+ 59MW project for MeyGen in Scotland, the largest tidal stream facility in the world, which we’ll deliver with our partners SKF Marine and GE Vernova. 👉Our technology has produced around ¼ of UK and EU tidal energy to date. 👉Our partner Normandie Hydroliennes in France has been selected by the European Commission’s Innovation Fund to accelerate ocean energy development in Europe, using our technology! 👉LCoE reduction path verified in a recent report commissioned by the European Investment Bank 👉 20 years’ of tidal knowledge and experience. So from early-stage studies like the Cook Inlet (Alaska) project with ORPC, to key pilot arrays in France and Japan and advancing to leading commercial arrays in the UK, we are driving forward the deployment of ocean energy solutions. We hope you’ll join our journey at this exciting and pivotal point. https://lnkd.in/esHsq_zx #ProteusMarineRenewables #Proteus #Crowdfunding #RenewableEnergy #TidalTechnology #NetZero #CleanTech #InnovativeTech #Sustainability Don’t invest unless you’re prepared to lose all the money you invest. This is a high risk investment.

GE Vernova has signed a Memorandum of Understanding (MOU) with Proteus Marine Renewables (PMR) and SKF Marine. The MOU sets out a framework for a potential alliance to supply tidal turbine generation systems (TTGS) to developers of tidal arrays for commercial, multi-megawatt #TidalStream projects. An initial focus will be the supply of a minimum 59MW to MeyGen PLC (MeyGen) at its site in #Scotland, the largest #tidal stream facility in the world. For the full release, please visit #ProteusMarineRenewables signs an MOU with SKF Marine and #GEVernova to support collaboration on multi-megawatt tidal stream projects here: https://vernova.is/3NWjUdD All three companies are attending #OceanEnergyEurope 2024, 5-7 November, in Aviemore, Scotland. Pictured below: Michael Baumann, SKF Marine, Jochen Lorenscheit, SKF Marine, David Taaffe, SAE Drew Blaxland, Proteus Marine Renewables, Clément Monin, Power Conversion UK, Fraser Johnson, SAE

This morning at #OEE2024 we had the privilege to meet with Dr. Alasdair Allan, Scottish Minister for Climate Action. Michael Baumann and Jochen Lorenscheit shared SKF commitment to support the development of Ocean Energy for a sustainable energy mix, highlighting SKF capabilities for Tidal powertrain holistic systems. The MoU signed with Proteus Marine Renewables and GE Vernova's power conversion business with an initial focus to supply a minimum 59MW to MeyGen PLC at its site in Scotland, the largest tidal stream facility in the world, is materializing the SKF engagement. #SKF #SKFMarine #OceanEnergy

An incredible turnout at yesterday’s webinar, where Drew Blaxland was joined by MeyGen’s Fraser Johnson and Proteus’s Nigel Hopley. The spotlight was, naturally, on our MOU to deliver 59MW to MeyGen (£200m+), the largest tidal stream facility in the world accounting for over 70% of the global tidal stream total output. It was great to be able to give an overview of the awarded projects, size and deliverables. We also managed to cover our key markets, the cost of tidal and competition, with an enjoyable dive into technical elements, too. You can access the webinar recording here: https://lnkd.in/eDJBwADy ⏰ Closing on Crowdcube next week ⏰ We’re fast approaching the end of our crowdfunding campaign, and are delighted to be welcoming investors by the hour! We really appreciate the interest and support. If you’re yet to join as a Proteus shareholder, you can find out more and invest below. We’d love you to be a part of our future. https://lnkd.in/esHsq_zx #ProteusMarineRenewables #Proteus #Crowdfunding #RenewableEnergy #TidalTechnology #NetZero #CleanTech #InnovativeTech #Sustainability Don’t invest unless you’re prepared to lose all the money you invest. This is a high risk investment.

At SKF, we believe that Ocean Energy will play a crucial role in the required future sustainable energy mix and over the past 15 years, our dedicated Ocean Energy team has partnered with leading wave and tidal energy device developers to create reliable, intelligent and clean rotating equipment solutions from the early design stages. Today, we announced that we have signed a Memorandum of Understanding with Proteus Marine Renewables and GE Vernova’s Power Conversion business. The MOU sets out a framework for a potential alliance to supply tidal turbine generation systems to developers of tidal arrays for commercial, multi-megawatt tidal stream projects. An initial focus will be the supply of a minimum 59MW to MeyGen PLC at its site in Scotland, the largest tidal stream facility in the world. For more information: https://lnkd.in/d6PwKv7R

“We believe that #OceanEnergy will play a crucial role in the required future sustainable energy mix,” said Martin Johannsmann, Managing Director at SKF Marine. Read more here: https://lnkd.in/dDATpSRk #marineenergy #renewableenergy #renewables #tidalenergy #tidalstream Proteus Marine Renewables GE Vernova

📅 Investor webinar | Tuesday 5th November at 1 PM GMT 🕒 Following the announcement of our major MOU earlier today, we warmly invite interested investors to join us for a webinar tomorrow, Tuesday 5th November at 1 PM GMT. Hear from our CEO, @Drew Blaxland - who’ll explain more about our upcoming projects, as well as giving an explainer of our tidal technology, followed by a Q&A. You can register below ⬇️ - and you can still join us on Crowdcube from £10 (link in comments). https://lnkd.in/eERmKuyj #ProteusMarineRenewables #Proteus #Crowdfunding #RenewableEnergy #TidalTechnology #NetZero #CleanTech #InnovativeTech #Sustainability Don’t invest unless you’re prepared to lose all the money you invest. This is a high risk investment.

MOU Signed: Proteus, SKF, and GE Vernova Collaborate on Tidal Energy Proteus Marine Renewables (PMR) has signed an MOU with SKF Marine and GE Vernova Power Conversion business to collaborate on multi-megawatt tidal stream projects. The initial focus will be supplying 59MW to #MeyGen PLC at the world’s largest tidal stream facility in #Scotland. This partnership will harness the expertise of all three companies to industrialize tidal energy and bring robust renewable energy solutions to the market. ▶️Martin Johannsmann, Managing Director at SKF Marine, says: "We believe that Ocean Energy will play a crucial role in the required future sustainable energy mix. Globally, the EU and UK are at the forefront of technology development to harvest this huge untapped resource and over the past 15 years, our dedicated Ocean Energy team has partnered with leading wave and tidal energy device developers to create reliable, intelligent, and clean rotating equipment solutions from the early design stages. ▶️Drew Blaxland, CEO at Proteus Marine Renewables, says: "Collaborating with the aim to establish an Alliance with SKF and GE Vernova is a significant step in the commercialisation of tidal energy. Together, we have the capacity to deliver complete power systems using what will be the world’s largest tidal turbines, providing a cost-effective and truly sustainable solution. The commitment now from MeyGen for us to work towards execution of a £200m+ EPC contract with them shows confidence in our product and the delivery model, which will see us grow our team in Scotland and invest in assembly and manufacturing." ▶️Graham Reid, CEO of SAE, adds: "MeyGen is the largest tidal stream facility in the world and we are delighted to be working with some of the biggest names in the sector to bring about the next phase of the project. MeyGen has eclipsed all records for the industry and the delivery of a turbine facility in Scotland, delivering hundreds of jobs, demonstrates that tidal is able to deliver real investment when it is backed. We look forward to working with Proteus Marine Renewables, GE Vernova and SKF Marine to unlock this exciting opportunity." ▶️Peter Oram, Sales and Commercial Director, GE Vernova Power Conversion business, UK, says: "Power Conversion UK is delighted to be working with PMR and SKF Marine towards delivering cleaner energy solutions. By harnessing natural resources like tidal energy, and applying GE Vernova’s efficient power conversion technologies, this valuable source of energy can be converted into sustainable, robust power, for the UK and across the globe." For more details 👉 https://lnkd.in/eGKwxZmM #TidalTechnology #OceanEnergy #MarineEnergy #SKF #GEVernova #SAE #Proteus #PMR #MOU #MeyGen #Innovation

Big Week for Tidal Energy at #OEE2024! Drew Blaxland, our CEO, and Nigel Hopley, Head of Product Components will be actively participating in some key discussions at Ocean Energy Europe 2024 this week! There's so much happening in the world of tidal energy, and we're right in the heart of it. ✅Drew will be joining multiple roundtable discussions, including: 👉"Flagship Projects - Watts in the Water" – where he will talk about the #NH1 tidal project, located in the tidal flows of Raz Blanchard off the coast of Normandy, as well as other upcoming partnerships and collaborations that will further propel tidal energy towards commercialization. You won’t want to miss it! 👉"Seal the deal – The future of connectors" – exploring the challenges and future of connectors in ocean energy, ensuring efficient and reliable solutions for deployment and maintenance. ✅Nigel will be part of the "Drivetrain Decisions – To Gear or Not to Gear?" debate—tackling critical choices in tidal turbine drivetrain design that will shape the future of marine renewables. So if you're attending #OEE2024, make sure to catch Drew and Nigel, join the discussions, and share your insights! See you in Aviemore! #TidalEnergy | #ProteusMarineRenewables | #NormandieHydroliennes |#OceanEnergy | #MarineEnergy | #RenewableEnergy | #CleanEnergy

🌊 Ocean Energy Europe 2024 - Come and join our CEO, Drew BLAXLAND for a round table discussion on 'Flagship projects - Watts in the water', who will present the NH1 tidal project, located in the tidal flows of Raz Blanchard off the coast of Normandy, using four of the world's largest single-axis turbines AR3000 ! By integrating tidal energy into the renewable mix, we strengthen the resilience of our energy systems and move closer to achieving a balanced, reliable, and sustainable energy grid. This session will give you an overview of the tidal energy's readiness as a competitive and reliable solution for the energy transition ! Our goal is simple: to make marine energy more accessible, efficient, and sustainable. So, you want to know more about it, joins us and register. 📅 Tuesday 5 novembre 2024 🕒 from 9h00 to 10h30 🔹 Intervenants: ORPC , Minesto, Wavepiston, Minesto, Wavepiston, AW-Energy Oy - "Plug into wave energy" and us, Normandie Hydroliennes Our NH1 project is supported by ProteusMR, Efinor and Normandie Participations. For those who are interested, we are in the process of raising funds and you have the opportunity to join our adventure on the Wiseed platform: https://lnkd.in/eKMdnyxF #OEE2024 Proteus Marine Renewables ADNormandie EFINOR Région Normandie #Tidalenergy #Innovations #Hydrolien #EMR #Renewableenergy #Climat #Reindustrialisation #Solutions #Flagshipprojects