Partners boost EEL Energy with €500.000

EEL Energy has received financial help from its partners Bpifrance and Nord-Pas de Calais region for the development of its tidal energy technology.

The funding in the amount of €500.000 will allow the company to finalize its 1:6 scale prototype tidal energy converter designed for sea trials.

In addition, it will initiate the development of the first 1 MW device, EEL Energy’s press release reads.

The EEL tidal energy converter consists of a membrane that optimizes energy transfer by coupling fluid flow with an undulating structure. The membrane undulates under moving fluid pressure.

This periodic motion is transformed into electricity by an electromechanical system.

Energy is converted along the whole length of the membrane surface directly on the machine.

EEL Energy was created in 2011, with the aim of developing technology based on undulating membranes and coupling from fluids.

Bpifrance is a public investment bank that aims to invest €8 bln in French companies by 2017.

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Image: EEL Energy