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Nova Innovation
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Delivers tidal generation solutions for utilities, communities and businesses

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Company type Private Public ()
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Industry Group energy & power

Sector hydro & marine

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters United Kingdom Leith, United Kingdom
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Updated by Cleantech Group on 05/01/2024

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Date Company
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Date Partner Type
12/04/2012
Siemens Siemens
Siemens and Nova Innovation are partnering to build the world's first community tidal power project in the Bluemull Sound in Shetland, UK.
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Confirmed by Siemens
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IPO INFORMATION

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Date Investors Type Amount
08/05/2021 Government of Scotland Government of Scotland (1)
Post-money valuation of
Funding will be used for Nova's VOLT project which aims to mass manufacture tidal turbines, develop techniques for the delivery of tidal turbines, and determine methods to improve turbine performance.
Grant $2,366,792
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