About OpenHydro
OpenHydro is a company based in Dublin (Ireland) founded in 2004 was acquired by Naval Group in January 2013. OpenHydro has raised $71.11 million across 3 funding rounds from investors including European Union and Naval Group. OpenHydro operates in a competitive market with competitors including Verdant Power, Nova Innovation, Minesto, Tocardo and Sustainable Marine Energy, among others.
- Headquarter Dublin, Ireland
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Sectors
Energy & Utilities
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$71.11 M (USD)
in 3 rounds
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Latest Funding Round
$9.32 M (USD), Grant
Sep 01, 2017
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Investors
European Union
& 1 more
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Employee Count
Not available
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Acquired by
Naval Group
(Jan 22, 2013)
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Funding Insights of OpenHydro
OpenHydro has successfully raised a total of $71.11M across 3 strategic funding rounds. The most recent funding activity was a Grant round of $9.32 million completed in September 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in OpenHydro
OpenHydro has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include European Union and Naval Group.
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Military ships and submarines are built by Naval Group.
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Investor details for OpenHydro
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Investments & Acquisitions by OpenHydro
Investment portfolio details for OpenHydro
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Financial Statements - OpenHydro
Detailed financials for OpenHydro
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Openhydro Comparisons
Peer comparison for OpenHydro
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Competitors of OpenHydro
OpenHydro operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Verdant Power, Nova Innovation, Minesto, Tocardo and Sustainable Marine Energy, among others.
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Tidal turbines are developed and manufactured for hydropower projects.
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Submerged turbine systems are provided for tidal energy conversion projects.
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Tidal energy is harnessed through an underwater kite with turbine.
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Manufacturer of tidal turbines
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Manufactures tidal energy turbines for sustainable marine power generation.
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Submerged tidal turbines for marine energy are developed and deployed.
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Detailed competitors of OpenHydro
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Latest news on Openhydro
Complete news archive for OpenHydro
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Frequently Asked Questions about OpenHydro
OpenHydro was founded in 2004 and raised its 1st funding round 7 years after it was founded.
OpenHydro is headquartered in Dublin, Ireland.
OpenHydro is a funded company, having raised a total of $71.11M across 3 funding rounds to date.
OpenHydro, a DCNS company, specializing in the design, manufacture, installation and maintenance of marine turbines generating renewable energy from tidal streams. It offers a full turn-key tidal farm service, including the supply of Open-Centre Turbines, installation using patented barge deployment system, grid connection and maintenance. It deploys turbine arrays under the surface of the oceans to produce energy silently, invisibly and with no impact on the environment. It has tidal development projects in Ireland as well as internationally UK, France Canada.
OpenHydro's top competitors include Verdant Power, Minesto and Nova Innovation.
OpenHydro has 2 investors. Key investors include European Union, and Naval Group.