Dear $TITLE$$FIRSTNAME$$NAME$  Welcome to the Ocean Navitas March Newsletter. On February 13th Ocean Navitas were invited to the regional finals for the northern Shell Springboard awards in Edinburgh, having been chosen from over 216 candidates. The event provided the Ocean Navitas team with an opportunity to network with many of the major players within the industry, and to gain an insight into the long term goals of industry and Shell in particular.
The Shell Springboards summation of the Aegir Dynamo project was as follows: "Ocean Navitas Ltd, a Blyth based company, has already undertaken considerable research in the field of renewable energy and has developed technology that supplies clean cheap carbon free electricity with a negligible impact on the environment. The efficiency of the Aegir Dynamo device allows power to be taken from the ocean by far smaller devices. The upshot of this is that the devices are more cost effective to manufacture, giving a low cost per unit of electricity produced and are truly an alternative to fossil fuel. Computer models and calculations predict that a 1mWh output device will produce electricity at a cost of 1.4p per kW which is more efficient than existing/competing wave power technology and also wind turbines and fossilfuel generators. Ocean Navitas aim to have fully completed research and development by 2009, at which point the 1mWh Aegir Dynamo will be connected to the local/national electricity grids in the Orkney Islands in Scotland and off St Ives in Cornwall. Additional UK coastal installations and sites in Portugal, Spain, Thailand and the Caribbean are also under consideration. The impact of the Aegir Dynamo on greenhouse gas emissions will be significant. The latest figure from The Carbon Trust for grid electricity is 0.43kg of carbon per kW of electricity generated. As the Aegir Dynamo generates electricity from renewable, carbon free means, it can be calculated that a single 1mWh device has the potential to save 3,766 tonnes of carbon emissions in a single year." For further information about Shell Springboard please click here To visit Ocean Navitas' website please click here