Rolls-Royce is continuing to invest in renewable energy sources by taking a 23.5 per cent equity stake in TGL, a privately-owned company developing free stream tidal power generation capability.
Rolls-Royce is researching key technologies to provide solutions to the environmental challenges in aerospace, marine and energy markets in order to bring innovative products to market. It sees considerable synergies between the technologies and skills in its existing marine and energy businesses, and will apply these to TGL’s tidal power concept.