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Natel gets USD 11m to deploy innovative hydro turbine

Image by Natel Energy (www.natelenergy.com)

March 26 (Renewables Now) - California-based company Natel Energy has raised USD 11 million (EUR 10m) to accelerate deployment of its Restoration Hydro Turbine (RHT), a sustainable hydropower solution.

The funds come from Schneider Electric Ventures and Bill Gates’ Breakthrough Energy Ventures, Natel said on Thursday. 

The company has developed a fish-safe hydro turbine with an installed cost over 20% lower than that of conventional low-head options. It has successfully installed an RHT in Maine, at the Freedom Falls project, producing 35 kW to power a restaurant and a school. Any unused power is fed to the grid under a net metering programme.

“The product can be deployed as a retrofit in existing installations or rolled out in brand new developments. This means Natel has the potential to fundamentally change how water is leveraged as a renewable energy source that blends well with other important products like wind and solar,” said Carmichael Roberts of Breakthrough Energy Ventures.

Natel Energy is discussing new projects with customers.

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for almost nine years. She's got a soft spot for emerging markets.

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