Neutral
Informational - no clear directional impact
Low Impact
Minor progress or informational
On 4 April 2014 TC Ormonde OFTO Limited and/or TC Lincs OFTO Limited submitted a Screening Submission Pro-forma to Ofgem’s Electricity Network Innovation Competition for the "Offshore Cable Repair Vessel and Universal Joint" project. The proposal sought innovation funding to convert an existing telecom cable repair vessel for OFTO power cable repairs, develop a universal subsea power cable joint, and train jointers, with costs to be refined ahead of the main NIC bid and including estimated bid costs of about £80,000.