Inyanga Marine Energy Group has officially launched a crowdfunding round in collaboration with Crowdcube, seeking investors for its patented tidal energy technology, HydroWing. This initiative aims to attract funding to further develop and deploy HydroWing’s innovative solutions in the renewable energy sector.
Key Highlights of HydroWing and the Crowdfunding Round
- Predictable Renewable Energy: Inyanga emphasizes that tidal energy is a 100% predictable renewable energy source, making it one of the most reliable forms of clean power available today.
- Innovative Technology: HydroWing aims to unlock the full potential of tidal energy with its patented ‘all-in-one’ solution, which includes the use of Tocardo T-3 turbines.
- Major Project Award: In September 2024, HydroWing was awarded the largest tidal energy project in the UK as part of the government’s latest Contracts for Difference allocation round. This award doubles the size of the HydroWing project at Morlais, Wales, increasing its capacity to 20 MW, building on the 10 MW awarded in a previous round.
- International Expansion: The company has also secured a contract to deliver the first tidal energy plant in Southeast Asia, marking a significant step in its global expansion efforts.
- CEO’s Vision: Richard Parkinson, CEO of Inyanga Marine Energy Group, stated, “We are progressing on our mission to become the world leaders in tidal energy. This crowdfunding round is an opportunity to be part of our exciting journey.”
- Market Potential: The ocean energy sector is projected to have an estimated global value of €53 billion annually by 2050, highlighting the significant growth potential in this industry.
Learn more:
- Inyanga Marine Energy Group launches crowdfunding round for its pioneering tidal energy technology. | Inyanga Marine
- Inyanga Marine Energy kicks off crowdfunding for its tidal energy technology – Offshore Energy
- Inyanga Marine Energy Group Launches Crowdfunding Round for Pioneering Tidal Energy Technology
