Tocardo BV Overview
Tocardo BV is among one of the leading tidal energy solutions providers. It operates by providing solutions within the business segments including inshore, offshore, smart-grids, and river. The company has setup its first prototype at Afsluitdijk, which has been functional from the last seven years. It began distributing equipment and services in 2012 and has clients in countries including Nepal, Japan, and Canada.
The company has setup multiple tidal projects around the world. For instance, Tocardo has installed five turbines in an array in the Eastern Scheldt storm surge barrier, which is one of the largest tidal projects in the world. Tidal energy is a new concept and there are many difficulties in installing and managing the turbines and other equipment installed underwater. However, Tocardo has setup many systems in and around the Netherlands to showcase the feasibility of such projects.
Strategy
Tocardo strategizes to setup numerous projects in the Netherlands to showcase the use of such technology. This would promote the adoption of the technology, which is a new business process in the energy segment and has risks associated with it. Additionally, the company is focused on expanding its services in countries with close proximity to flowing water bodies.
