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.
A recent study published in Transactions of the American Fisheries Society shows 100% safe passage of the endangered American Eel through Natel's Restoration Hydro Turbine.