EEL Energy bags €3M for tidal membrane device

EEL Energy, a French-based tidal energy developer, has raised approximately €3 million to finance the development of its tidal energy device based on undulating membrane technology.

After testing the concept on small machines, EEL Energy completed a capital increase of around €3 million to fund the development of a 1 MW prototype.

EEL Energy informed that a French company operating in the fields of gas heating and renewable energy, Frisquet SA, became a shareholder in the company.

François Frisquet, CEO of Frisquet, said: “We were attracted by the simplicity and performance of this fully unique technology. This fits with the philosophy of our company. Moreover, the team dynamism and the environmental friendly dimension of their project convinced us to take a stake in EEL Energy.”

Jean-Baptiste Drevet, President of EEL Energy, added: “We are very pleased by the entry of this new industrial shareholder, which demonstrates the relevance of our project, and strengthens the company’s long term visibility.”

EEL tidal energy converter consists of a membrane that optimizes energy transfer by coupling fluid flow with an undulating structure.

The membrane undulates under moving fluid pressure, and this periodic motion is transformed into electricity by an electromechanical system.

The energy is converted along the whole length of the membrane surface.

Share this article

Follow Marine Energy

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Seawork International 2019

Seawork International is the largest and fastest growing international commercial marine and workboat exhibition and conference…

read more >

ASEAN SUSTAINABLE ENERGY WEEK

ASEAN Sustainable Energy Week 2019 will feature the very latest innovative energy sources along with…

read more >

3rd World Congress on Wind & Renewable Energy

Conference Series warmly invites all the participants from all over the world to attend…

read more >

OCEANS 2019

OCEANS is the bi-annual event for global marine technologists, engineers, students…

read more >