---
title: "Ocean Energy Accelerator"
ocid: "ocds-b5fd17-2d035776-479b-44c9-915e-35a041517fae"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-2d035776-479b-44c9-915e-35a041517fae"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-2d035776-479b-44c9-915e-35a041517fae.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-2d035776-479b-44c9-915e-35a041517fae.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "OFFSHORE RENEWABLE ENERGY CATAPULT"
published: "2024-10-16"
---

# Ocean Energy Accelerator

Buyer: OFFSHORE RENEWABLE ENERGY CATAPULT  
Current stage: Award  
OCID: ocds-b5fd17-2d035776-479b-44c9-915e-35a041517fae

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-2d035776-479b-44c9-915e-35a041517fae)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-2d035776-479b-44c9-915e-35a041517fae.json)

## Summary

The procurement process for the "Ocean Energy Accelerator" project, led by the Offshore Renewable Energy Catapult, has completed its award stage. The contract, classified under risk management insurance services (CPV code: 66517300), focuses on piloting an insurance entity for the tidal stream energy sector through the Marine Energy Partnership. The contract, valued at £130,000, began on 24th September 2024 and will run until 31st August 2025. The tender was conducted using a limited procurement method, involving the direct awarding of the contract without a prior notice publication. The key implementation locations are in England, United Kingdom.

This tender presents significant opportunities for businesses focusing on renewable energy and risk management services. SMEs (small and medium-sized enterprises) specialising in these areas could particularly benefit from this contract, given the specialised support required for the project. The appointed contractor, Renewable Risk Advisers, exemplifies the type of business well-suited to this opportunity. Companies involved in similar sectors can leverage such contracts to strengthen their portfolios and demonstrate expertise in emerging renewable energy markets.

## Notice

Contract Award Notice Through the Marine Energy Partnership, ORE Catapult has received funding to implement a pilot insurance entity for the tidal stream energy sector, referred to as the Ocean Energy Accelerator. The purpose of this contract is to appoint a suitable contractor to provide specialist support throughout its implementation.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/0c794f86-1a62-40c9-a4ba-2113af46e754 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Limited |
| Procurement method details | Award of contract without prior publication of a contract notice |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 16 Oct 2024 |
| Submission deadline | 17 Sep 2024 |
| Future notice date | Not specified |
| Award date | 18 Sep 2024 |
| Contract period | 23 Sep 2024 - 31 Aug 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £130,000 |
| Lots value | Not specified |
| Awards value | £130,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | OFFSHORE RENEWABLE ENERGY CATAPULT |
| Locality | PEMBROKE DOCK |
| Post town | Swansea |
| Postcode | SA72 6UN |
| Country | Wales |
| ITL 1 | TLL Wales |
| ITL 2 | TLL4 Mid and South West Wales |
| ITL 3 | TLL42 South West Wales |
| Local authority | Pembrokeshire |
| Electoral ward | Pembroke Dock: Bush |
| Westminster constituency | Mid and South Pembrokeshire |
| Delivery location | TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | RENEWABLE RISK ADVISERS |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66517300 - Risk management insurance services

## Release History

- 16 Oct 2024 at 15:02 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/0c794f86-1a62-40c9-a4ba-2113af46e754

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/0c794f86-1a62-40c9-a4ba-2113af46e754
  16th October 2024 - Awarded contract notice on Contracts Finder

## Notice URLs

- https://www.ore.catapult.org.uk

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-2d035776-479b-44c9-915e-35a041517fae. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-2d035776-479b-44c9-915e-35a041517fae.json.