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March 01, 2007
Bernoulli Inspired Water Power Startup
This week a UK alt energy startup, Hydroventuri, won a £40K cash innovation prize from oil giant Shell. We think that with the profits Shell and co. have been making it could have easily added two more zeros to that cash prize. We're sure its early stage VC-backer, Proton Capital would not have minded that either.
Be that as it may, the Imperial College spinout is currently running trials of its innovative power generation system. It works with slower moving and shallower water streams, so-called ultra low head waterways.
It claims that its lack of moving parts and Bernouill principle-inspired design is a cost-effective way to extract energy from rivers, channels and possibly tidal streams with minimal impact on the environment.
That is a combined goal that so far has been difficult to achieve.
Water powered mills before they became decorative features of countryside restaurants and theatres.
If this startup is successful in qualifying its technology, it could be a real growth story. We could see it forming joint ventures in China and Italy, for example, to develop and distribute its tech. These two countries are aggressively seeking renewable energy sources - particularly hydro power. We recently heard that the Italian market alone is looking to invest €10B to reach its renewable energy goals and hydroelectricity is on its radar (see Risk And Opportunities link below).
Read - HydroVenturi wins £40 000 award from Shell
Read - Alt Energy Risks and Opportunity (alarm:clock euro)
Posted on March 1, 2007 06:23 PM | Posted to Alternative Energy | News And Updates | Permalink
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