Jobs

Lunar Energy was set up to commercially exploit the explicit need for new, commercial and environmentally benign sources of renewable energy. The founder of the company – William Law (see Key Personnel) – identified that there were sound commercial reasons to examine prospects in the marine renewables sector. His considerable experience in wind, biomass, small hydro and gas powered energy projects led him to concentrate on tidal stream technology. After extensive research and being unable to find an appropriate, existing technology to invest in, Mr Law decided to define his own technology parameters that would be essential to underpin the commercial success of a company operating in this sector. The technological requirements were summarised as: Simple (and Robust), Invisible, Economic and with a Predictable energy source as well as Predictable O&M costs. Mr Law then went in search of an adaptable technology or a company to develop it. Rotech Engineering were appointed at the end of 2001 to develop the technology now known as the Rotech Tidal Turbine (RTT). The choice of Rotech was a result of their considerable experience in R & D in the fields of oil, gas and sub-sea engineering with particular expertise in fluid dynamics. Rotech brought with it a deep knowledge of sea based engineering technology and became responsible for the technical aspects of the RTT project. Lunar Energy has a worldwide in-perpetuity licence to exploit the commercial use of the RTT technology. The RTT has been granted a UK patent (GB2382627) entitled “Power Generator and Turbine Unit” for a device to generate electrical power from a flowing stream of water. Other patents are currently being processed. Income stream will flow into Lunar Energy from 6 main sources: * From the supply of RTT technology and project services. * From project management fees as each sub-sea tidal energy farm is developed. * From development/consultancy fees as well as worldwide joint ventures. * From the sale of its % share of the power produced by each offshore tidal energy farm. * From the income generated from the value of Renewable Obligation Certificates (ROCs) in the UK. * From the income generated from the value of Levy Exemption Certificates (LECs) in the UK.