Inyanga Marine Energy Group Launches Crowdfunding to Drive Its Tidal Energy Technology

24 October 2024

(Image credit: Inyanga Marine Energy Group)

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’ round.

This doubles the HydroWing project size at Morlais in Wales to 20 MW, building on the 10 MW awarded in the previous 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.”