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Listing Description

Addressing target audiences and expressing needs

Our needs are
  • Business partners – SMEs, Entrepreneurs, Large Corporations
  • Expanding to more markets /finding new customers
  • Business Angels
  • Venture Capital
  • Crowd-funding Equity
  • Other type of Investment
We specifically need / are looking for

Investors and partners to support our goal to use tidal energy to provide a new form of clean renewable energy, reduce emissions, and tackle climate change.

Target audiences
  • EU and Member State Policy-makers
  • Other Actors who can help us fulfil our market potential
  • Private Investors

R&D, Technology and Innovation aspects

Current stage description

The TiPA technology was tested in a lab and a marine environment.

Following project completion, the technology has been incorporated into Nova Innovation’s next-generation tidal turbine. The Nova M100D has been demonstrated to TRL8 at Nova’s grid connected tidal energy site in Shetland.

An order for 15 turbines has been secured for a tidal array in Canada. Nova Innovation is pursuing additional sales opportunities in Europe, North America and Asia.

The next step on the technology development pathway will be to incorporate additional TiPA innovations into Nova Innovation’s future, upscaled turbine models, with the aim of exploiting economies of scale and further expanding the addressable market for tidal power.

Our customer base
We have CUSTOMERS from various different backgrounds such as Big corporations and from various BUSINESS SECTORS such as Energy .
Scalability

Nova Innovation is investing in manufacturing capacity to scale up tidal turbine production. This will allow the company to meet growing demand driven by the climate emergency and increasing consumer demand for sustainable sources of energy.

Sustainability

One of the last untapped sources of renewable energy, tidal power will scale to become an alternative option for cost-effective, reliable and sustainable energy for coastal communities around the globe.

Geographical Market(s)
  • Global
Result submitted to Horizon Results Platform by NOVA INNOVATION LTD

Offer Details

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