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News · 15 October 2024

New Company Launches Modular Generator System To Cut Offshore Renewable Energy Costs

Updated 15 October 2024 1 min read
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Written by Jennifer Warren

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Reviewed by EnergyGuide

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Last updated 15 October 2024

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New Company Launches Modular Generator System To Cut Offshore Renewable Energy Costs

CGEN Engineering, a new company spawned from the University of Edinburgh (i.e. a university spinout company) recently launched a modular generator system to help lower renewables costs.

More specifically, the company’s modular generator system will look to reduce the levelized cost of electricity (LCOE) of offshore renewables’ by between 10% and 15%.

The University of Edinburgh has said that the system is suitable for tidal, wave and wind instalments alike.

It would achieve its results by lowering down times and helping to make energy infrastructure last longer. In fact, reports suggest that the system can extend the lifespan of installations by 30-40%, while maintenance costs could fall by between 50% and 70%.

It has also been reported that the new technology has been tested covering power scales ranging from 10 Kilowatts to 1 Megawatt.

Many UK trends are already pushing toward increased use of renewables such as with the government introducing the GB Energy initiative and aiming for 100% clean and affordable electricity by 2030 and plans or expectations for increased investment in the private sector.

Author

  • Jennifer Warren

    Jennifer Warren is a Consumer Content Manager at Energy Guide, creating clear, practical advice to help UK households make better decisions about home energy, heating systems and boiler costs.

    With a strong understanding of the UK domestic energy sector, Jennifer focuses on turning complex topics into accessible guidance for consumers. Her work covers areas such as boiler installation, heating efficiency, energy costs and choosing the right products or providers.

    Jennifer’s experience spans energy-focused content, consumer research and advice-led publishing, giving her a strong foundation in producing useful, trustworthy information for homeowners.

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