About the company

Type
Startup or self-employed

Members type
innovator

Headquarters
22083 Hamburg, Germany

Company size
2

Founders
Volker Osterlitz

Founded
2012

SDG's

  • Affordable and clean energy

  • Industry, innovation and infrastructure

Social

Website
greenfinancecorp.com

Alliance member

Green Finance Corporation GmbH


Green Finance Corporation (GFC) offers equity and debt opportunities in renewable energy companies in Europe and the USA and supports companies in the renewable energies sector in finding capital. We are familiar with private equity investments, debt financing. GFC has been supporting innovations in renewables, financing, digital since 2006.

Green Finance Corporation (GFC) offers equity and debt opportunities in renewable energy companies in Europe and the USA and supports companies in the renewable energies sector in finding capital. We are familiar with private equity investments, debt financing. GFC has been supporting innovations in renewables, financing, digital since 2006.

Offer

Investment Proposal CYKLONE TIDAL

Offer Investment Proposal CYKLONE TIDAL

Description
Tidal and run-of river energy in coastal regions at 1 Eurocent per kWh for the production of efuels for ships and planes

Problem: E-Fuels will produce growing demand for cheap and clean electricity, but Germany’s offshore wind capacity is limited to ca. 40 GW. (Scotland: 200 GW, each of the two North Stream gas pipelines have a capacity of 20 GW). Therefore, German Government reports assume that Germany will import E-Fuels in near future. Solution: Since the worldwide potential for tidal and run-of river energy is limitless, the European coastline bears options unseen before to be captured by floating low speed tidal turbines. (Floating is the next big energy thing: California plans to produce 20% of its energy demand by floating offshore, Norway constructs large floating offshore parks in the Atlantic Ocean, French companies in Asia.) What do we want? Together with existing partners from the maritime industry in Germany and Denmark, leading scientists and successful projects in The Netherlands, Scotland, California, Denmark and Germany we want to develop prototypes of floating vertical axis turbines, have them certified by DNVGL and start mass production by 2016. We seek partners that want to shape the coming floating tidal energy industry with us. What do we have? Eight years of development, a 180-page feasibility study finished in June 2019 by a team of international engineers under supervision of Prof. Neumann, a leading turbine expert. A digital model of the technology, detailed site analyses of five low speed river and coastal sites. A growing network of partners from the shipping and energy sector to build this new industry. Access to public and private Funds for the financing of the prototype and first serial models to reach TRL 3-4. Maritime experts immediately pointed to a growing demand of 30 and more ports, worldwide. What is lacking? Co-Funding for development. Currently, we are applying for government grants and are addressing private and institutional investors. The first round will be 5-6 Mio. Euros and from 2021 onwards the second round of funding will be opened. We intend to be able to produce asset scale installations of the MW class by the end of 2023. The floating technology is scalable. It will be tested close to Hamburg at a site that provides water speeds between 1 and 12 m/s. The technology is aiming at ports, coastal areas and rivers worldwide. First customers from the local shipping industry are asking us for solutions since their grid capacity is limited.

Available in
Denmark, Germany,

Categories of application
Affordable and clean energy, Industry, innovation and infrastructure

Sector of application
Clean energy production, Renewable fuels, Freight transportation

Status
R&D