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currents to drive their rotation. These currents,   overall power producing system, together with the
                            which are a result of the tides, have the characte-  needed infrastructure, in order to exploit these un-
                            ristic of being predictable and are particularly po-  conventional sources of energy.
                            werful on certain sites. For floating wind turbines,
                            we have positioned ourselves as a sub-system   How far from commercial adoption are the
                            engineering leader and first-tier partner of turbine   tidal energy conversion plants?
                            producers. Last but not least, the Ocean Thermal   Our most advanced initiative is based on the tidal
                            Energy Conversion is a non-intermittent energy   turbine. Today, Naval Energies occupies a leading
                            source that could represent medium-term green   position on this emerging market. With the invol-
                            alternative, particularly adapted for tropical mari-  vement of OpenHydro, Naval Energies has deve-
                            time regions that are not connected to the conti-  loped one of the most innovative marine turbine
                            nental networks. We have positioned ourselves as   on the market. OpenHydro’s technology, which
                            both a system engineering leader and sub-system   has been under test since 2006 successively at
                            engineering leader.                       EMEC (Europe Marine Energy Centre) in Scot-
                            Our company is a complete EPCI (Engineering,   land,  in  France  at  Paimpol-Bréhat and  in  Cana-
                            Procurement,  Construction  and  Installation)  and   da, is mature and the Group leads the race, both
                            technology provider. We  design  and  manufac-  technologically and commercially. In the area of
                            ture the systems or subsystems and after their   tidal turbines, Naval Energies positions itself as a
                            start-up we provide operations and maintenance   system engineering leader, a supplier of “plug and
                            services, as well as the connection to the grid. In   play” solutions.
                            this way, we are the natural partner to perhaps   Today, we are focused on the success of our de-
                            a larger “Main Contractor” who could develop an   monstration projects in Canada and Japan, and
                                                                      are preparing the ramping up of the Normandie
                                                                      Hydro project in the Raz Blanchard. The sum of
                                                                      these projects will allow us to validate both our
                                                                      technology and our economic model.

                                                                      Could you tell us where are your commercial
                                                                      ambitions for the OTEC?
                                                                      We are currently working on improving the heat
                                                                      exchanger technology. Desalination  could  be a
                                                                      co-product. We believe that the technology is
                                                                      sufficiently advanced to allow us to issue binding
                                                                      technical and commercial proposals. This techno-
                                                                      logy could find applications in equatorial markets
                                                                      world-wide, not in the northern seas, where it is
                                                                      too cold. A point in favor is that its output is not
                                                                      unpredictable, as is the case with wind or of solar
                                                                      energy, but relatively constant over time.
                                                                      We will focus our efforts on the finalization of the
                                                                      design of our thermal exchangers (central electri-
                                                                      city production system). However, these are de-
                                                                      pendent on a veritable public support on the one
                                                                      hand and technology developments for the deep
                                                                      water pipe on the other hand.

                                                                      Wind offshore is a growing reality today in
                                                                      the North Sea. How do you see the future?
                                                                      With great optimism, since wind offshore applica-
                                                                      tions are fully competitive economically and ba-
                                                                      sed on well proven technologies.
                                                                      As an alternative to fixed systems, which need
                                                                      the ocean floor at acceptable depths to rest on,
                                                                      we are developing a ‘floating’ solution: a demo
                                                                      project is being prepared close to the Groix and
                                                                      Belle-Ile islands in France. All this is still at a rela-
                                                                      tively early stage, but the fundamentals and the
                                                                      market prospects are certainly there.

                                                                      What are the main challenges?
                                                                      First, Naval Energies must transition from the min-



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