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Three of the most prominent issues facing the world today are escalating climate change, energy security and meeting the increasing global demand for electrical energy. Leading scientists consistently advise us the fossil fuels that power our economies and lifestyles today are both unsustainable and destructive to our environment.
Consequently, planet wide infrastructure change has commenced. Globally we are improving the energy efficiency of our buildings, constructing wind and solar energy farms and vigorously exploring numerous alternative, green, renewable technologies. The UN Intergovernmental Panel for Climate Change believes that we have only a 15-year window of opportunity to stop and possibly reverse the heating up of our planet.
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The 2kW SeaUrchin turbine at ocean trials
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It is a time of immense opportunities for companies such as ours.
Some of our partners at SeaUrchin trials
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Elemental Energy Technologies Limited (EET) has developed a new vortex reaction turbine (branded the ‘SeaUrchin”). It is an advanced, second generation marine turbine technology capable of delivering inexpensive, small to large scale, baseload or predictable electricity by harnessing the virtually inexhaustible kinetic energy of free flowing ocean currents, tides and rivers.
Our technology is a simple, robust, low cost solution. It is designed to be a commercially viable alternative to existing coal and nuclear powered utilities. The SeaUrchin is ecologically sound. It can’t be seen from the shoreline and has little environmental impact on either the sea floor or marine life.
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Exclusive licenses for the manufacture and distribution of the SeaUrchin have been issued for India, ASEAN, the African Union, China, South Korea and Japan.
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You are invited you to join us on this exciting journey to commercialise a technology we believe has the potential to be a cornerstone of a new, more secure future for our environment and our global energy needs.
“Energy from wave and tidal power could provide up to 20% of the UK's current electricity and has the potential to cut carbon dioxide by tens of millions of tonnes. Ultimately, the global estimated value of worldwide electricity revenues from wave and tidal stream projects could be between £60-£190 billion a year.”
Carbon Trust, Future Marine Energy. Results of the Marine Energy Challenge: Cost competitiveness and growth of wave and tidal stream energy, January 2006.
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The 2kW SeaUrchin at Newcastle Harbour trials
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The predictability of ocean streams and tidal currents means that underwater power stations will have baseload or predictable power “characteristics”, offering a significant strategic advantage over unpredictable wind, solar or wave generated energy.
Using the growth of the wind energy industry as a guide, early movers in the marine energy sector could enjoy high valuation multiples at exit, which is likely be targeted by experienced fund managers.
Fund managers are also likely to be aggregators of clean, renewable energy assets.
> Contact us for more information...