The year to-date has been marked by sustained progress and accelerating opportunities. Our installed Restoration Hydro Turbine (RHT) projects are operating reliably, and our project development pipeline continues to grow. The close of our Series B funding round, led by Breakthrough Energy Ventures and backed by Chevron Technology Ventures, coupled with the addition of Yves Rannou, former CEO of GE Hydropower, to our board of directors and Nicolas Serrie, former VP of product management for GE Hydro and president of GE Hydro France, to our management team, have set the stage for our continued growth and success.
German-language magazine zek Hydro published an article about Natel's FishSafe™ turbine designs and our collaboration with German manufacturer DIVE Turbine. Flip to p. 58 to read.
With a name appropriately coined from the phrase “natural electric,” Natel is focused on enabling a distributed or decentralized hydropower model featuring a large number of smaller projects.
The US Water Power Technologies Office selected Natel for $1.3M in funding to educate the public about hydropower, its relationship with freshwater ecology, and its benefit to a renewable grid.