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OpenHydro Group
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Short description

Manufacturer of marine turbines to generate renewable energy from tidal streams

Founded in 2005
Founded in

Company type Acquired Public ()
Company type

Industry Group energy & power

Sector hydro & marine

TRL Range 7-8
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
TRL Range

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Headquarters Ireland Dublin, Ireland
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Traction
  • 1 M&A items
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Date Company
06/05/2014

EDF Group EDF Group

OpenHydro Group will supply two new tidal turbines for installation at EDF's new pilot marine energy project at Paimpol-Bréhat in France.

Confirmed by EDF Group

Partnerships
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Date Partner Type
04/11/2014
Alderney Renewable Energy Alderney Renewable Energy
OpenHydro and Alderney will combine their expertise and resources to develop a 300MW tidal array. The joint venture company is called Race Tidal Ltd.
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Confirmed by Alderney Renewable Energy
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IPO INFORMATION

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Description

Date Investors Type Amount
01/27/2011 DCNS DCNS (1)
Post-money valuation of
DCNS acquires an 8% stake in OpenHydro through this investment.
Growth Equity $19,738,600
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