Tocardo

What Tocardo does

Tocardo is a Dutch tidal turbine developer and manufacturer headquartered in Vlissingen, Netherlands, with operational and commercial presence in the United Kingdom (Gaerwen, Anglesey). The company designs and produces direct-drive permanent magnet tidal turbines in a modular range: the T-1 (40-100 kW, community-scale, shallow-water), the T-2 (250 kW, utility-scale), and the T-2si (enhanced control systems and blade performance). Its core technology eliminates gearboxes and mechanical pitch mechanisms, uses a patented bi-blade smart reverse rotor for bi-directional tidal flow capture, and is designed for a 20-year operational lifetime. Tocardo holds 21 patents in tidal energy systems.

Tocardo generates revenue through project-based hardware sales of turbine units, project development and integration services (engineering, procurement, installation, commissioning), ongoing O&M contracts on installed turbine fleets, and technology licensing to joint venture partners. It operates the Oosterschelde Tidal Power Plant (1.25 MW, 5x T-2 turbines), which it acquired in October 2020 and which represents the world's largest commercial tidal array. The company is fully owned by HydroWing Ltd (50%) and QED Naval Ltd (50%) under a tripartite joint venture formed in January 2020, giving it bundled access to the HydroWing multi-rotor subsea platform, the Subhub self-deploying foundation system, and Inyanga Marine Projects' installation vessels.

Tocardo serves government infrastructure operators (notably Rijkswaterstaat in the Netherlands), marine energy project developers (Menter Môn at Morlais in Wales, Indonesia Power for Southeast Asia pilots), and its parent companies' deployment pipelines. Go-to-market is enterprise field sales with long, project-based sales cycles, supplemented by participation in industry events (ICOE, ImpactFest, Solar Impulse Foundation) and EU-funded research consortia (Offshore For Sure, Interreg). With 1-10 employees, the company operates as a focused technology and project entity within the broader HydroWing/QED Naval group rather than a standalone scaled manufacturer.

Name

Tocardo

Legal name

Tocardo B.V.

Website

https://tocardo.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

1–10 employees

Short description

Tocardo is a Dutch tidal turbine manufacturer developing direct-drive permanent magnet turbines (40-250 kW) for government infrastructure operators, marine energy developers, and remote-island utilities, operating the world's largest commercial tidal array via a joint venture with HydroWing and QED Naval.

Ownership category

akta.pro rank

Product category

Tidal Energy Equipment

NAICS

Turbine and Turbine Generator Set Units Manufacturing (333611)

SIC

Engines & Turbines (3510), Motors & Generators (3621)

akta.pro primary industry

Tidal Stream Power Generation (In-Stream Turbines) (EUACAJAB)

akta.pro secondary industries

Marine & Hydrokinetic R&D (Tidal, Wave, River Current, OTEC) (EUAMAOAD), Marine Generators, Alternators & Power Electronics (Gen-sets, VFDs, converters) (IMAJAHAI)

Keywords

• Tidal turbine manufacturing
• Marine energy systems
• Hydrokinetic power generation
• Tidal stream technology
• Ocean energy equipment

Headquarters

HQ city

Vlissingen

HQ country

Netherlands

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Operations, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Tidal Turbine Sales: Sale of proprietary tidal turbines (T-1, T-2, T-2si) to project developers and infrastructure operators. Equipment sales include the turbines themselves along with associated control systems and integration components.
2. Project Development & Integration: Engineering, procurement, and construction services for tidal power plant installations, including site assessment, system design, installation supervision, and commissioning support.
3. Operations & Maintenance: Ongoing O&M contracts for installed turbine arrays, including remote monitoring, predictive maintenance, and performance optimization services to ensure 95%+ availability.
4. Technology Licensing: Licensing of proprietary turbine technology and patents to joint venture partners and international project developers for deployment in new markets.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels11 records

Core offering

Tocardo designs and manufactures tidal stream turbines — the T-1 (40–100 kW community-scale), T-2 (250 kW utility-scale), and the enhanced T-2si/T-3 — using direct-drive permanent magnet generators without gearboxes and a bi-blade smart reverse rotor. The company also delivers integrated marine energy systems including HydroWing offshore platforms, Subhub self-deploying gravity foundations, and the THyPSO tidal-to-hydrogen production platform.

Product overview

Tocardo is a Dutch tidal turbine developer and manufacturer offering a portfolio of tidal energy solutions. The core products are the T-1 (40-100 kW community scale), T-2 (250 kW), and T-3/T-2si (enhanced performance) tidal turbines featuring direct drive technology without gearboxes, patented bi-blade rotor design, and 20-year design lifetime. These turbines integrate with HydroWing (multi-rotor offshore platform), Subhub (self-deploying foundation), and can be configured for inshore, offshore, or river deployments. The company also offers THyPSO for tidal hydrogen production. The Oosterschelde Tidal Power Plant represents the world's largest tidal array installation. Tocardo holds 21 patents and is fully owned by HydroWing Ltd and QED Naval Ltd as part of a tripartite joint venture.

Differentiator

Problem solved

Functional benefit

Products and services

• Tocardo T-1

Quantifiable outcome

• 95%+ turbine availability over 6 years of operation
• +5 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Offshore For Sure Consortium (15 partners)coreStrategic or Co-development Partner · 23 October 2023Three-year project (2023-2026) investing over 10 million euros in Flemish-Dutch border region. Tocardo provides smart asset management and predictive maintenance for tidal turbines. Consortium includes Bluespring (project coordinator), Parkwind, Ecopower, Rijkswaterstaat, Dutch Wave Power, Water2Energy, Oceans of Energy, FLASC, and academic partners.
• Indonesia PowercoreStrategic or Co-development Partner · 6 September 2022HydroWing (Tocardo's 50% shareholder) signed MoU with state-owned Indonesia Power to support tidal energy development in Indonesia. Partnership involves site identification, resource assessment, and front-end engineering for first tidal energy power plant in Indonesia. Deployment will combine tidal, solar, and battery storage for remote island baseload power.
• Menter Môn (Morlais)coreStrategic or Co-development Partner · 1 February 2022Operator of the Morlais tidal site in Anglesey, Wales. Awarded HydroWing a 30 MW berth potential for demonstrating next-generation Tocardo turbines. Morlais is a key deployment site for commercializing Tocardo technology in the UK.
• RijkswaterstaatcoreStrategic or Co-development Partner · 1 October 2020Operator of the Dutch Delta Works barriers, partner in acquisition and continued operation of the Oosterschelde Tidal Powerplant. Rijkswaterstaat enables turbine deployment in the Eastern Scheldt storm surge barrier infrastructure.
• Dutch Marine Energy Centre (DMEC)coreStrategic or Co-development PartnerDMEC is the Dutch accelerator for marine energy solutions. Provided support in presenting the case for preserving the OTP project and facilitates industry collaboration, government engagement, and international market development.
• QED NavalcoreStrategic or Co-development PartnerParent company (50% ownership) and joint venture partner. Develops the Subhub self-deploying tidal platform integrated with Tocardo T-1 turbines. Manages tidal test site development in the Solent via Yarmouth Harbour Commission partnership.
• Ghent UniversityminorStrategic or Co-development PartnerResearch partner in Offshore For Sure project, contributing coastal engineering expertise via the Department of Civil Engineering and Soete Laboratory. Coordinates Education and Training activities in the consortium.
• ParkwindminorStrategic or Co-development PartnerGreen energy company developing offshore wind farms, with 771 MW under operational management. Part of Offshore For Sure consortium, bringing experience in offshore renewable project development and financing.
• Oceans of EnergyminorStrategic or Co-development PartnerDutch company specializing in offshore solar energy systems since 2016. Part of Offshore For Sure consortium developing multiple offshore energy solutions.
• FLASCminorStrategic or Co-development PartnerDevelops hydropneumatic energy storage systems for offshore applications. Part of Offshore For Sure consortium providing energy storage simulation expertise.
• Inyanga Marine ProjectsminorImplementation/ SI/ Consulting PartnerMarine installation company with DP2 Multi-Purpose Vessel (Inyanga Entsha) capable of installing 75 MW of tidal energy projects per year. Part of larger group including HydroWing.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Verdant Power: US-based tidal stream developer with the Roosevelt Island Tidal Energy (RITE) project in New York's East River; competes with Tocardo in the same product category serving government and utility customers.
• HydroQuest: French tidal/hydrokinetic turbine developer with marine deployments (e.g., Paimpol-Bréhat); a direct peer in tidal stream power generation with a focus on array-scale commercialisation.
• SIMEC Atlantis Energy: UK-listed tidal stream developer operating the MeyGen project in Scotland; competes with Tocardo in selling utility-scale tidal turbines and project development services to marine energy developers.
• Sabella: French tidal turbine developer that operated a commercial-scale turbine in the Fromveur Passage (Brittany); directly comparable to Tocardo in deploying grid-connected tidal turbines in European waters.
• Nova Innovation: Edinburgh-based tidal stream developer with a multi-turbine array at the European Marine Energy Centre (EMEC) in Shetland; a direct peer building array-style tidal projects comparable to Tocardo's OTP.
• Orbital Marine Power: Scotland-based developer of floating tidal stream turbines (O2, 2 MW), a direct competitor in the same product category as Tocardo's tidal stream turbines, targeting utility-scale and community-scale deployments.

Emerging players

• Magallanes Renovables: Spanish floating tidal platform developer (ATIR); an emerging peer focused on deep-water tidal stream arrays, competing for similar EU and international demonstration funding.
• Minesto: Swedish developer of subsea tidal kite technology (Dragon Class); competes in the marine hydrokinetic space with a differentiated approach but overlapping customers in EU-funded tidal demonstration projects.

Broad incumbents

• Schottel Hydro: German marine propulsion specialist with a hydrokinetic turbine product line (SST); a broader marine equipment incumbent that overlaps with Tocardo in marine current energy generation.
• Andritz Hydro Hammerfest: Subsidiary of Andritz Group and operator of the Hammerfest Strøm HS1000 tidal turbine (Shetland); a larger industrial incumbent in the same tidal turbine space with broader hydropower portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/tocardo
• Facebookfacebook.com/TocardoTidalPower
• LinkedInlinkedin.com/company/tocardo
• Instagraminstagram.com/tocardo.bv

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tocardo