UK-based Inyanga Marine Energy Group has launched a crowdfunding campaign to support the expansion of its patented tidal energy technology, HydroWing, after landing $53 million in major tidal energy projects.
According to Inyanga Marine Energy, the crowdfunding round, launched in partnership with Crowdcube, offers investors a chance to support HydroWing, a fully integrated tidal energy solution designed to harness the predictability and reliability of tidal energy.
In September 2024, HydroWing was awarded the UK’s largest tidal energy project through the government’s latest contracts for difference (CfD) allocation round . This contract doubles the size of the HydroWing project at the Morlais tidal energy site in Wales, from 10 MW to 20 MW.
In addition to the UK deal, Inyanga also secured its first tidal energy contract in Southeast Asia , further strengthening its international presence in the tidal energy sector.
Richard Parkinson , CEO of Inyanga Marine Energy Group, said: “We are progressing on our mission to become the world leaders in tidal energy. This crowdfunding round is an opportunity to be part of our exciting journey.”
HydroWing is described as a scalable and cost-effective solution for tidal stream energy generation. Its design involves a supporting structure resting on the seabed, with the ‘wings’ holding the turbines lowered into place. According to Inyanga, this simplifies deployment.
The bi-directional turbines generate power as the tide flows both in and out, further enhancing efficiency. Inyanga noted that these turbines can also be produced cost-effectively at scale.
Just recently, Inyanga Marine Energy acquired control of the D10 tidal turbine, France’s first grid-connected tidal turbine, securing permission to operate the facility in the Fromveur Passage, off the coast of Brittany, until August 2028.