Nova Innovation won the Enterprise Europe Network Award for what was the world’s first grid-connected offshore tidal array.
The awards recognise the last ten years of the Enterprise Europe Network, which brings together around 600 business support organisations from more than 60 countries to help European businesses grow internationally.
The network helped to broker a collaboration between Edinburgh-based Nova Innovation and Belgian partner IDETA, which initially invested £1.6 million into the project off Yell through its ELSA subsidiary.
Nova Innovation previously announced plans to expand its tidal array from three 100kW turbines to six by 2020 as part of new European Union project worth over £17 million.
Chief executive officer Simon Forrest said it was “wonderful to receive this prestigious award”.
“Tidal energy is the next big global renewable resource to come to market. It has the huge advantage of being highly predictable,” he said.
“The tidal energy sector also has enormous potential to provide jobs, boost economic growth in coastal regions and drive exports.”
The first Nova M-100 turbine was installed in March 2016 before two more were put in place.