Tocardo Tidal Turbines, producer of tidal and free-flow water turbines, and Climex, the trading platform for renewable energy and carbon credits, have agreed to sell energy generated by Tocardo’s turbines through Climex’s green energy trading platform.

The recently signed agreement will enable businesses and other large scale electricity users to add tidal energy to their renewable energy mix.

Market development
The partnership of Tocardo and Climex is a major step in the development of the tidal energy market. Businesses and other organizations are increasingly committing to reducing their carbon footprint or seek to operate completely carbon neutral, fuelling demand for renewable energy.

Wholesale customers use Climex’s trading platform to purchase energy that is demonstrably green. Adding Tocardo’s tidal energy to its portfolio significantly enhances Climex’s offering.


Readily available at competitive prices
Hans van Breugel, CEO of Tocardo, says: "Our agreement with Climex will make tidal energy readily available to corporations and government agencies at competitive prices. This is an important step in Tocardo’s efforts to create a well-functioning market for tidal energy, which can provide 10% to 20% of the world’s demand for electricity."

Jeroen van de Kletersteeg, General Manager of Climex: "Electricity generated by Tocardo’s turbines is demonstrably sustainable and is a welcome expansion of our proposition. The agreement with Tocardo fits our strategy to provide renewable energy sources to high-energy users in a transparent and reliable way."

Tocardo recently secured investment from Huisman, specialists in offshore technology, and Spanish energy company Repsol allowing the company to scale up its turbine production.

About Tocardo
Tocardo International is a Dutch company dedicated to delivering the best and most economical turbines to harvest energy from the world’s oceans and rivers. Over the past 12 years, Tocardo has had many successes in offshore engineering and the development of renewable ocean energy devices. The Tocardo free-flow in-stream hydro turbines can be compared to ´underwater wind turbines´: free-standing underwater units, generating energy from sea currents and tidal and river flows.

About Climex
Climex offers the most efficient route to market for energy contracting and competitive buying and selling of carbon credits. With over 10 years of experience in the energy and carbon markets, Climex has a long history and strong track record as a trading platform and advisor in these markets. Climex has performed over 650 electricity, gas and carbon auctions.

This news items was originally published on the website of Tocardo



More information
Tocardo Tidal Turbines
Oever, the Netherlands
+31 227 726 200

Amsterdam, the Netherlands
+31 20 305 6200