Sustainable Marine’s Swift Anchor Division Provides Novel Solution for ORPC’s Advanced TidGen® Project

Lower cost and carbon, faster installation will move U.S. and worldwide marine energy industry to next

level

Portland, ME, US, and Edinburgh, UK, May 26, 2021 – ORPC, a recognized leader in marine energy technology innovation and operational excellence, has engaged Sustainable Marine’s Swift Anchors division to provide its novel rock anchoring system for ORPC’s Advanced TidGen Project set to launch in Maine later this year.

With this project, Swift Anchors will be among a number of subsystems which ORPC will develop, test and integrate to validate a full TidGen system in a commercial site over 12 months, providing practical demonstration that it is technically, economically and environmentally viable. The U.S. Department of Energy is providing partial funding for the project.

“We’re excited to use Swift Anchor technology for our Advanced TidGen Project and across ORPC’s scalable technologies for river, tidal and ocean current environments,” said Stuart Davies, Chief Executive Officer for ORPC. “Their technology offers a promising solution and we’re pleased to include it in our innovative marine energy system design.”

“We’re thrilled to announce this landmark deal for Swift Anchors,” said Anchoring Business Development Manager, David Ainsworth. “Swift Anchors will provide a full turnkey solution for ORPC including front-end engineering design, product supply and complete installation services. Our specialist deployment crew willuse our unique subsea drilling equipment and a Multicat-type workboat to deliver the project. We see huge potential for our anchoring solutions across America’s burgeoning marine energy sector including floating wind, floating solar, aquaculture and a whole raft of conventional anchoring requirements for other marine industries.”

Swift Anchor’s technology has been driven by industry demand for greener, rapidly-deployed and more-cost efficient anchoring solutions for marine applications. Its rock anchor approach significantly reduces carbon footprint compared to other anchoring systems as well as the environmental impact on the seabed, while driving down logistical costs with rapid installations managed by smaller vessels.

Swift Anchors one-tonne steel anchor can provide the same holding force as 750 tons of concrete. Its complete turnkey offering can generate up to 70% in cost savings compared to traditional systems for small arrays.

ORPC’s TidGen is based on the proprietary design of the company’s commercial RivGen^® now the longest operating current energy converter in the Americas. By providing a fully renewable baseload power supply, the RivGen can reduce diesel consumption significantly in remote communities.

The US recently announced a 1 GW target for marine energy by 2035 and the US Department of Energy considers development of marine energy resources a domestic priority. The EU shares similar ambitions to reach 3 GW by 2030 and 100 GW by 2050. Marine energy could create 680,000 jobs and save 500 million tons of CO2 emissions globally according to the International Energy Agency.