New hydropower technology taps a plentiful overlooked global source of renewable energy.
Business Model:
Revenue: $6.4M
Employees: 11-50
Address: 210 South Hudson Street Suite 330
City: Seattle
State: WA
Zip: 98134
Country: US
Hydrovolts was founded in 2007 as a result of the founders directing a study examining the hydrokinetic potential of tidal systems in the Pacific Northwest. The study concluded that hydrokinetics was a promising field, but the environmental regulations and permitting burdens surrounding natural waterways were insurmountable at a large scale. The company’s founders thus focused on artificial waterways and developed the Flipwing prototype for irrigation canals in 2009, the year the company first received funding. In the intervening years, the company has raised over $3M, which it has used to hone its technology, pursue four patents to protect its revolutionary approach to micro hydropower, and develop waterfall and canal turbines. These two product lines are representative of a broader portfolio of products Hydrovolts has in its development pipeline, and are based upon the same design principles – standardized product, scalable manufacturing, easy installation, and reliable power generation – to deliver cost-effective micro hydropower.
Contact Phone:
+12066584380
Contact Email:
Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 1/2010 | Venture Round | 1 | - |
Keiretsu Forum Keiretsu Forum |
1/2010 | Venture Round | 1 | - |
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