Renewable energy innovator Inyanga Marine Energy Group has announced it is launching a crowdfunding round in partnership with Crowdcube.
This round presents an opportunity to invest in Inyanga’s patented tidal energy technology, HydroWing.
Tidal energy is a 100% predictable renewable energy source and one of the most reliable sources of renewable energy available. HydroWing aims to unlock the full potential of tidal energy with its patented ‘all in one’ solution.
In September 2024, HydroWing was awarded the largest tidal energy project in the UK in the government’s latest ‘Contracts for Difference’ allocation round.
This doubles the size of the HydroWing project at Morlais in Wales to 20MW, building on the 10MW awarded in the previous ‘Contracts for Difference’ allocation round.
The company has also recently won the contract to deliver the first tidal energy plant in Southeast Asia.
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.”
Ocean energy is predicted to have an estimated global value of 53 billion Euros annually by 2050. (Source: Ocean Energy Europe.)
Sign up for early access to the Crowdcube investment round here: https://www.crowdcube.com/early-access/hydrowing
For more information, contact lynn@brandinnovation.co.uk
Notes for Editors
About Inyanga Marine Energy Group
Inyanga Marine Energy Group develops cutting-edge solutions for the global offshore renewables industry. Inyanga Marine Energy Group operates a highly experienced and specialised team of offshore engineers from their head office in Falmouth, UK. The company also has offices in Rennes, France, and Anglesey, Wales.
Inyanga Marine Energy Group has two divisions – HydroWing, which focuses on tidal energy technology development, and Inyanga Maritime, which delivers offshore engineering and installation. The company aims to advance through to deployment of the innovative tidal energy converter, the HydroWing, to provide cost-effective, reliable, and predictable power to communities around the globe.
In September 2024, Inyanga Marine Energy Group was awarded 10MW for their tidal energy project at Morlais through Allocation Round 6 (AR6) of the UK government’s Contracts for Difference (CfD) scheme. This doubles the scale of their project, which uses their innovative HydroWing technology, to 20MW, building on their successful 10MW award in the previous allocation round. This allocation was the largest tidal stream project in the UK in the latest Contracts for Difference round. Inyanga Marine Energy Group have also signed a Memorandum of Understanding with Verdant Morlais Ltd to deliver a further 4.9MW tidal stream energy project at Morlais.
In 2024, the company also won a contract with Energies PH, Inc, through its affiliate San Bernardino Ocean Power Corporation, to build Southeast Asia’s first ever tidal power generation plant at Capul in the Philippines.
For more information, visit https://inyangamarine.com/
About Crowdcube
Crowdcube is a British investment crowdfunding platform, established by Darren Westlake and Luke Lang in 2011. Crowdcube is an equity crowdfunding platform for entrepreneurs of start-ups and growing businesses. The Crowdcube fundraising model enables individuals to invest or loan in small companies in return for equity.
Individuals’ investments are pooled, allowing entrepreneurs to secure funding directly from the general public and bypass business “angel” investors and banks. The key principle of this model is that anyone can invest money in return for equity in a business. Entrepreneurs, with a UK registered company, can present their business and its investment potential to potential micro-investors.
For investors, Crowdcube provides a way to handpick a stake in an innovative business that traditionally would have been restricted to corporate investors. Since Crowdcube first pioneered equity crowdfunding in 2011, a total of £300m has been invested through the platform from a crowd of over 390,000 investors, with more than £230m successfully invested in 520 raises.
For more information, visit https://www.crowdcube.com
