Nova Innovation is an award-winning global leader in tidal energy.
And the Scottish company announced today it is teaming up with investment platform Seedrs to crowdfund £500,000 to accelerate the impact of its technology across Europe and North America. Nova has an impressive track record and installed the world’s first offshore tidal array in 2016 off the Shetland Islands, which has been supplying clean electricity to the grid for three years.
“With the climate emergency and a global hunger for clean, sustainable energy, the time is right to invest in additional sources of renewable energy. Nova’s tidal technology can generate clean, predictable electricity from the abundant tidal resources around the world,” said Simon Forrest, CEO of Nova Innovation. “As well as harnessing a great source of renewable energy, Nova’s tidal technology offers the ability to deliver baseload power to the grid, giving it the opportunity to displace coal, diesel and nuclear – something solar and wind are unable to do.
Simon added: “We are offering the opportunity for people to invest in Nova and join our mission to harness energy from the tide, securing this source of clean electricity for the future. The investment will drive our three-year plan to lower the cost of tidal energy, accelerate growth and move into new international markets. Not only are we delivering clean energy, we are creating a clean tech industry with a truly global mission.”