Tidal Energy: Unlocking the Future of Clean and Predictable Power
As the world intensifies its transition to renewable energy, the demand for clean, predictable, and reliable power sources has never been greater. Global energy providers and consumers alike are urgently seeking zero-carbon power solutions to meet climate targets, while governments aim to achieve energy security and foster economic growth through renewable projects.
Tidal energy presents a transformative opportunity in this space. Unlike solar and wind energy, which are intermittent and weather-dependent, tidal energy offers unmatched predictability. Moreover, its energy density is 800 times greater than that of wind, making it one of the most potent sources of renewable power. Despite its potential, tidal energy remains underutilized due to technological and economic barriers—until now.
Inyanga Marine Energy Group (IMEG) is revolutionizing tidal energy with its HydroWing solution, delivering low-cost, clean, and dependable electricity while enabling the full-scale deployment of offshore tidal power systems.
Greenbackers is pleased to introduce Inyanga Marine Energy Group, a pioneering company with an end-to-end solution that addresses the technical and economic challenges of tidal energy projects, paving the way for a new era of clean, reliable energy.
Why Inyanga Marine Energy Group:
- Innovative technology: IMEG’s HydroWing system is a multi-rotor subsea device featuring turbines mounted on a wing-like structure installed on the seabed. This modular, scalable design provides:
- Clean, predictable power: A reliable alternative to intermittent renewable energy sources like solar and wind.
- Low-cost electricity: Designed to drive down the levelized cost of energy (LCOE).
- Durability and efficiency: Tailored for long-term performance under extreme marine conditions.
- Commercial traction: IMEG’s operations and achievements demonstrate its leading role in the tidal energy industry. Since 2018, Inyanga Marine Ltd has generated significant revenue, reaching £6.8m in 2024 with an EBITDA of approximately £300k. The Group has been instrumental in the installation of 55% of the world’s total tidal energy capacity, showcasing its expertise in the sector. It has also secured a robust project pipeline of 44 MW worth approximately £178m, including a flagship 20 MW CfD AR5+6 project at the Morlais site in Anglesey, North Wales. Further, IMEG has established key agreements for engineering, procurement, construction, and installation (EPCI), coupled with long-term operations and maintenance contracts.
- Market potential: The tidal energy market is poised for exponential growth as the global energy transition intensifies. IMEG is well-positioned to capitalize on this momentum, as tidal energy’s unique predictability and high energy density make it an attractive addition to renewable energy portfolios. By addressing the demand for stable, sustainable energy, HydroWing offers an appealing solution to governments, utilities, and private developers alike. Moreover, tidal energy projects contribute to energy security and economic development by reducing reliance on imported fossil fuels and creating local renewable energy infrastructure.
Investment Snapshot:
- Type: Series B
- Target amount: £5m
- Minimum contribution: £10k
For further information or to speak with Inyanga MEG directly contact Anton Themen at [email protected]
