Tocardo Acquires IHC Tidal Energy

Tocardo Tidal Turbines has acquired Royal IHC’s tidal division, which is a new step in the expansion of Tocardo’s operations in the Netherlands and internationally.

“The acquisition of IHC Tidal Energy is a welcome addition to the product range of Tocardo and offers us additional opportunities to perform tidal energy projects around the world,” said Hans van Breugel, CEO of Tocardo.

IHC Tidal Energy, based in Alblasserdam, has developed a tidal turbine with a vertical axis, which is close to the stage of commercial application. Tocardo builds tidal turbines with a horizontal axis, which have been delivered to tidal projects on a commercial basis for a long time.

In some offshore locations, vertical-axis turbines suit better than turbines with a horizontal axis. By offering both options, Tocardo can exploit the energy potential of the sea for its customers even better.

Bram Roelse, CEO of IHC: “With the sale, we ensure more focus on our core activities. IHC Tidal Energy is a stable and healthy company. However, its activities are not directly related to the strategy of IHC.” 

Financial details of the transaction were not disclosed.

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Offshore WIND Staff; Image: IHC Tidal Energy