Bristol wave calls on investment angels

Illustration (Image: Embley Energy)

Bristol-based wave energy developer Embley Energy is looking to secure funding to take the development of its Sperboy wave energy concept to the next stage.

The capital raised will be used to fund a detailed design and specification, further wave tank trials, energy production projections and further feasibility studies, Embley Energy said.

The company is developing a Sperboy wave energy device, which is a floating buoy with an oscillating water column inside.

Michael Burret, Managing Director of Embley Energy, said: “This investment opportunity is currently most suitable for the angel investor or early-stage investor. Our current business projections show the devices competitive advantage over other renewable sources out there, generating energy at a cost of between £30 to £57 per MWh, while the renewable energy market currently offers between £70 and £90 per MWh.”

The Sperboy device is currently in ‘late stages of development’, according to Embley Energy. The company also said it expects to launch a broader crowdfunding campaign in 2018.

Share this article

Follow Tidal Energy Today


<< Feb 2018 >>
29 30 31 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 1 2 3 4

Waterpower Week 2018

This 3-day jam packed event provides you the opportunity to network, learn about legislative and regulatory initiatives, and discuss…

read more >

RenewableUK Wave & Tidal 2018

The event will bring together leading developers, OEM’s, financial and innovation funding experts, technical and safety professionals…

read more >

Scottish Renewables Annual Conference

Scottish Renewables’ Annual Conference 2018 will take place against a background of these debates and examine in detail what these changes…

read more >

Maritime & Offshore Career Event (MOCE)

There is something for everyone; MOCE is not only for starters, experienced professionals also visit the event to find their next career move…

read more >