Trident Energy, a UK-based developer of a generic direct drive linear generator power take-off system with application in a range of wave and some tidal energy converters, completed a £440k second close of its funding round.
The company intends to use this capital, which brings the total equity raised since October 2012 to £1m, to finance pier-based sea trials of its enabling technology for the offshore renewable energy industry.
Led by Steve Packard, CEO, Trident Energy will trial a prototype of the first commercial application of the technology – a wave energy converter designed to supply autonomous power to offshore structures as an alternative to offshore diesel generation – at Kishorn in NW Scotland.
The company has contracted the Babcock International Group to perform the engineering to enable integration of its generator technology to the Kishorn pier.
22/11/2012: Trident Energy Closes Funding