Funding Needed for 2 New Wave Generation Technologies

Laura LeDoux Mon, 2010-08-16 14:48

Laura LeDoux · Mon, 08/16/2010 - 13:48

Business

Business Overview: 

GWEC produces a variety of renewable energy products including wind turbines, wave generators, water current turbines, and combination products (solar/wind/battery storage) for the US and global markets.

Project Type: 
Project Location: 
Newport Beach, CA, 92663
United States
Who is the Customer?: 

The customer is any private or public entity or individual that has land adjacent to an ocean, lake, river, stream or other large body of water. Technologies include bottom wave generation and water current generation. Capacities include: 1) Wave generation farm; 2)eliminating or mitigating electric bill.

What is the Customer Pain that you are solving?: 

We are removing the customer from the grid, thereby allowing them to power everything without the grid. Allows the customer to become independent and eliminate electricity payment.

Technology

Team

Financials

Amount Sought: 
$5,000,000
If raising funds, what shall the funds be used for?: 

Funds will be used to continue R&D of our bottom wave generator and zero impact water current turbine. R&D will include continued design, testing and deployment of technology. Funds are also necessary to procure testing sites and facilities, hire employees and management. Funds will also be used to setup production facilities for both water and wind technology, and to scale up working technologies.

Funding Stage: 
Growth

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