Hydrokite Project Development is an Australian developer of ocean current and tidal energy projects, partnering with Minesto to deploy their Dragon Class technology in the ANZ region. They focus on developing renewable energy projects that harness ocean power for sustainable electricity generation.
Funding
Funding not disclosed
Founders
Product
Problem
Australia and New Zealand face challenges in securing reliable and sustainable renewable energy sources due to the intermittency of wind and solar power. The need for consistent energy production requires exploring alternative renewable options that can ensure a stable energy supply for communities and industries.
Solution
Hydrokite Project Development focuses on developing ocean current and tidal energy projects, offering a predictable and consistent renewable energy source. By partnering with technology providers like Minesto, Hydrokite aims to harness the power of tidal streams and ocean currents to provide a reliable, locally-produced energy supply tailored for the unique coastal environments of Australia and New Zealand. Unlike other renewable sources, tidal and ocean current energy offers near 100% predictability, ensuring a stable and dependable energy source. Hydrokite's approach involves identifying prime coastal sites, conducting feasibility assessments, and integrating advanced marine energy technology to deliver affordable and sustainable green power.
Target Audience
Hydrokite's primary customers include communities, industries, governments, and corporations in Australia and New Zealand seeking reliable and sustainable renewable energy solutions.
Features
- Project development focused on ocean current and tidal energy resources.
- Partnership with Minesto for deployment of Dragon Class marine energy technology.
- Site identification and feasibility assessment for optimal energy capture.
- Integration of subsea technology that operates discreetly with minimal environmental impact.
- Focus on providing predictable and consistent energy supply, unlike wind and solar.