Oxford-based Caudal Energy has secured €4.9 million in funding to develop a new class of tidal energy systems. The company uses a proprietary oscillating foil design inspired by marine mammals to capture energy from mid-flow tidal sites, aiming to make tidal power more scalable and cost-effective than traditional turbines. Unlike wind and solar, tidal energy is fully forecastable, which can reduce grid balancing costs and provide a stable source of renewable baseload power. This funding will allow the company to demonstrate its technology at a commercially relevant scale.
