An exciting opportunity for investors!
Now is your chance to get involved: our Edinburgh-based business partner QED Naval has launched its first crowdfunding campaign on the Seedrs platform. The funding will assist further develop existing sites and to secure potential new locations for its patented Subhub tidal platform. The company (QED) also secured an award of €3.5m of EU funding and a place on Interreg’s €46m Tidal Stream Industry Energiser Project (TIGER) last year. Your green impact investment in renewable tidal energy with QED will help further demonstrate our key efficiencies, as outlined above, to the $76bn global market which we are addressing.
One of the key design drivers for Subhub was to minimise the environmental impact of the platform. The best way to do that is to make it a seabed mounted system so it is invisible from the surface and maintains the seascape and navigation channels of shipping. It is beyond the diving depth of most birds. Advantageously, it means the extremes of wave loading are exponentially less than at the surface. Subhub is a submersible, gravity based foundation that supports an array of tidal turbines through life. It’s hydrodynamic hull form steers and accelerates the flow into the turbines to significantly enhancing the energy yield having a dramatic impact on the Levelised Cost Of Energy (LCOE) of the overall project.
The added value of tidal power
QED Naval managing director Jeremy Smith said: “Tidal energy is not only renewable, it is the only one that is 100% predictable, can guarantee power output every day of the year, and globally will be worth $76bn by 2050. “So, when the wind is not blowing and the sun is not out, tidal can quite simply fill the gaps in our grid requirement and prevent us having to switch to diesel, gas or coal power.
This is a unique opportunity for QED Naval to supercharge their growth, by bringing investors on board as shareholders. This fundraising round will allow them to get going on all the incredible initiatives they have planned for the future. Get involved!