New hydropower technology taps a plentiful overlooked global source of renewable energy.
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.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
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Jan 1, 2010 | Series Unknown | — | 1 | — | — | Detail |
Investor Name | Lead Investor | Funding Round |
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Keiretsu Forum | — | Series Unknown |