About OpenHydro
OpenHydro is an Energy & Utilities company based in Dublin (Ireland) founded in 2004, and was acquired by Naval Group in January 2013. It operates as a tidal energy generation systems and grid control systems. OpenHydro has raised $71.11 million across 3 funding rounds from investors including European Union and Naval Group. The company was acqui-hired. Its focus areas include Energy Tech, Renewable Energy Tech, Marine Energy and Tidal. Its competitors include Verdant Power, Nova Innovation, Minesto, Tocardo and Sustainable Marine Energy and 5 more; 8 of its 10 listed competitors have raised funding.
Company details
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.
- Headquarters Dublin, Ireland
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Website openhydro.com
- Social LinkedIn X
- Acquired by Naval Group (Jan 2013)
- Total Equity Funding$71.11M (USD)
in 3 rounds
- Latest Funding Round$9.32M (USD), Grant
Sep 2017
- InvestorsEuropean Union
& 1 more
- Acquired byNaval Group
(Jan 2013)
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.
- Total Funding $71.11M
- Total Rounds 3
- Last Round Grant — $9.32M
- First Round $18.11M
(Jan 2011)
- Investors Count 2
All 3 funding rounds of OpenHydro with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2017 | $9.32M | Grant | – | – | |
| Feb 2016 | $53M | Private Equity Round | – | – | – |
| Jan 2011 | $18.11M | Series A | – | Naval Group | – |
2 investors in total: 2 institutional.
Investors in OpenHydro
OpenHydro has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include European Union and Naval Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Military ships and submarines are built by Naval Group. | 1631 | naval-group.com | Paris, France |
Investor details for OpenHydro
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- Round participation
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Timeline of OpenHydro
4 dated milestones of OpenHydro across 13 years, from founding to its latest funding, stage changes and deals.
- Founded OpenHydro is founded.
- Funding First funding round of $18.1M.
- Exit Acquired by Naval Group.
- Funding Latest funding round, Grant, of $9.3M.
Competitors of OpenHydro
OpenHydro has 10 listed competitors in our database, 8 of them funded. They include Verdant Power, Nova Innovation, Minesto, Tocardo and Sustainable Marine Energy, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| verdantpower.com | 2000 | New York, United States | $6.75M | 10 | Tidal turbines are developed and manufactured for hydropower projects. | |
| novainnovation.com | 2010 | Edinburgh, United Kingdom | $3.72M | 36 | Submerged turbine systems are provided for tidal energy conversion projects. | |
| minesto.com | 2007 | Gothenburg, Sweden | $2.5M | – | Tidal energy is harnessed through an underwater kite with turbine. | |
| tocardo.com | 2008 | Den Oever, Netherlands | – | – | Manufacturer of tidal turbines | |
| sustainablemarine.com | 2012 | East Cowes, United Kingdom | $11.34M | 15 | Manufactures tidal energy turbines for sustainable marine power generation. | |
| sabella.bzh | 2008 | Quimper, France | $8.47M | – | Submerged tidal turbines for marine energy are developed and deployed. | |
| orbitalmarine.com | 2002 | Kirkwall, Scotland | $11.42M | – | Tidal turbine systems are developed for renewable energy generation. | |
| eel-energy.fr | 2011 | Paris, France | $3.88M | – | Tidal currents are harnessed by the EEL Tidal Energy Converter. | |
| seaqurrent.com | 2013 | Grou, Netherlands | $4.76M | – | Tidal energy is harnessed via development of tidal kite systems. | |
| marineturbines.com | 1999 | Bristol, United Kingdom | – | – | Tidal power generators are developed for marine electricity production. |
Detailed competitors of OpenHydro
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- Full competitor set
- Operating metrics
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Web traffic of OpenHydro
Websites that share an audience with OpenHydro (openhydro.com).
Websites whose visitors overlap most with OpenHydro. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| marineturbines.com | 100% | – | – | View details | |
powerauthority.on.ca | powerauthority.on.ca | 88% | – | – | – |
nspower.ca | nspower.ca | 88% | – | #60,281 | – |
| hydrovolts.com | 79% | – | – | View details | |
| cleancurrent.com | 26% | – | – | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 8 similar websites and full traffic analytics for OpenHydro
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- 8 similar websites
- Audience overlap
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- Traffic by brand
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Top companies in Renewable Energy Platforms
10 companies that operate in the same segment as OpenHydro (Renewable Energy Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
Manufacturer of smart solar inverters | 2006 | Herzliya, Central District, Israel | USD 96.8 M | USD 1.18 B | 5,630 | |
Solar panel tracking software is provided for monitoring and control. | 2013 | Fremont, California, United States | USD 42.63 M | USD 3.56 B | 1,300 | |
Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture | 2010 | Pune, Maharashtra, India | USD 76.38 M | USD 56.11 M | 702 | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 2 B | – | 902 | |
Full-end solar services are provided to residential and commercial sectors. | 2009 | Charleston, South Carolina, United States | USD 670.36 M | – | 749 | |
Micro-inverters and energy storage systems are manufactured for solar applications. | 2006 | Fremont, California, United States | USD 100.07 M | USD 1.47 B | 2,780 | |
Producer and supplier of green hydrogen | 2017 | Nantes, Pays De La Loire, France | USD 96.93 M | USD 11.48 M | 199 | |
Online platform for funding solar projects | 2015 | New York, New York, United States | USD 503.95 M | – | 30 | |
Provider of hydrogen production and storage solutions | 1927 | Oslo, Oslo, Norway | – | USD 95.55 M | 409 |
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Related news about 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. The company's 1st funding round was a Series A of $18.11M, raised on Jan 2011.
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.
Yes. OpenHydro was acquired by Naval Group in January 2013.