ABB has led a $12 million investment in Scotrenewables Tidal Power, a provider of tidal turbine systems, to support the rollout of a new hydrokinetic device and to expand ABB's renewable energy assets. The funding is being used specifically to roll out a larger and more advanced tidal energy conversion system known as the SR2000. The floating 2-mw turbine includes a number of innovations to deliver simplicity, low mass, rapid connection-disconnection and heightened survivability.