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Hydrovolts, Inc. provides new
hydropower solutions to generate
renewable energy from
fast-flowing currents.
Hydrovolts turbines allow
distributed and point-of-use
generation or can generate
revenue from net metering to
the electrical grid.
Hydrovolts turbines are:
- simple
- safe
- complete
- compact
- modular
- scalable
Hydrovolts turbines are also
extraordinarily cost-effective
with an operating cost of less
than $0.01/kWh, and a typical
capital ROI of less than 5
years. |
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The Hydrovolts Flipwing
prototype is nearing a
major milestone! In two
weeks work will be complete on
making it fully
submersible. The next
stage of testing and
demonstration will truly show
the promise of this
revolutionary new hydropower
approach and several of the ways
in which it is superior to all
prior designs.
Want to come and see the
future of distributed
hydropower technology? You
can! We'll send an email in
advance of the next in-water
test, or you can
contact us for details. |
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Chris Leyerle presented to the
AeA MicroCap Financial
Conference in Monterey
on May 4. The national event
showcased public and private
technology companies for
institutional and private
investors. Follow-ups are
ongoing.
Hydrovolts successfully
presented to the deal
screening committee of the
Seattle chapter of angel
investment group
Keiretsu Forum on
May 7. Presentations to
the full membership of the
Seattle, Bellevue, Boise and
Portland chapters is planned
for July.
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Interested in learning more
about Hydrovolts or more
broadly about renewable
energy technology and
policy?
Both Burt and Chris are
veterans of technical and
general interest
presentations to audiences
ranging from local civic
groups to international
technical conferences.
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Hydrovolts has already
received a lot of customer
interest. We have had inquiries
from companies wanting to be a
distributor or to buy turbines
from over a dozen countries,
including: Brazil, Costa Rica,
India, Mexico, Nepal, Panama,
Romania, South Africa, and
Turkey. If we had the Hydrovolts
Flipwing Turbine in production
today, we estimate we could have
already sold more than 300, with
sales revenue of over
$3,000,000!
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at any of the old newsletters?
Contact us, and we'll send
them to you! |
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Dear Friend,
Greetings from all
of us at Hydrovolts!
We're also adding
two new recurring
features this month.
In " Customer
Spotlight" we'll
examine a specific
customer segment
where a Hydrovolts
turbine solves an
urgent need. The
other, entitled " Did
you know?" will
briefly highlight
one aspect of our
business, industry
or current
activities.
Let us know if there
are subjects you'd
like us to cover in
future newsletters.
And, as always,
please
contact us to
find out more or get
answers to your
questions. We'd love
to hear from you!
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 Hydrovolts
Wins $50,000 ZINO
Green Fund
Last week,
Hydrovolts
was selected
as the
winner of
the
$50,000 ZINO
Green 2009
Investment
Fund.
Said Cathi
Hatch, ZINO
Society CEO,
"Three years
ago when we
launched the
ZINO Green
Investment
Forum, Clean
Tech was
barely on
the
investment
radar
screen. This
year the
fund
investors
described
the kind of
company we
envisioned
awarding the
ZINO Green
Investment
Fund
to. Hydrovolts
exactly fits
that
vision."
 Hydrovolts
CEO Burt
Hamner was
ecstatic to
win a third
consecutive
contest.
"This
investment
from the
ZINO Society
is
recognition
that we have
a truly
unique
technology
and business
model with
huge global
potential."
The
selection of
Hydrovolts
came two
weeks after
the ZINO
Green
competition
on April 22,
where
Hydrovolts
was picked
as one of
three Fund
finalists,
as well as
sole winner
of the
ZINO
Zenith Award
for "Best
Investment
Opportunity".
The Fund
investors
used the
extra time
to ask
additional
questions
and receive
further
information
as part of
their due
diligence
process. "It
was clear
that they
did their
homework on
our
business,"
commented
Hydrovolts
COO Chris
Leyerle,
"and we are
pleased that
the ZINO
Green
Investment
Fund LLC
will be
bringing
that
expertise
and
involvement as
part of our
investor
group. It
adds a lot
of value to
what we are
building."
ZINO Green
was attended
by some
120 accredited
investors,
clean tech
advocates,
press and
local
entrepreneurs,
who saw
presentations
from
Hydrovolts
and eleven
other
companies.
"This is the
third annual
ZINO Green
Investment
Forum, and
the dealflow
was the most
impressive
to date,"
remarked
Mary Holmes,
ZINO
Society's
V.P.
Business
Development.
"Hydrovolts
made a great
impression
on the
investors."
The ZINO
Society is
an "angel
investment
membership
network that
connects
people with
ideas and
capital to
create
opportunities
for
commerce,
education,
social
interaction
and
innovation."
ZINO has
more than
225 active
members, has
hosted over
100
presenting
companies
and has been
instrumental
in helping
raise almost
$10M of
funding for
presenting
startups
since 2005.
Thanks
again to
all our
friends
and
supporters
who
helped
us
prepare
for and
win this
prestigious
event!
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Hydrokinetic News
Hydrovolts is part
of the broader
hydrokinetic energy
industry. May is a
big month for our
nascent industry,
and there are a lot
of funding and grant
opportunities coming
up soon.
In Washington DC,
the Marine
Renewable Energy
Promotion Act of
2009 was
introduced in the
House and the Senate
with bipartisan
support. It
authorizes $250
million a year for
ten years to fund
wave, hydrokinetic
and ocean thermal
energy conversion
technologies and
studies. Passage of
the Act in some form
is expected.
The
US Department of
Energy's Advanced
Waterpower
Technologies Program
has an open RFP for
marine and
hydrokinetic energy
technologies. The
limited funding this
year will be
increased greatly
next year according
to sources.
Fortunately, the
requirement for
cost-sharing this
year on
environmental
studies has been
eliminated and
companies like
Hydrovolts can
afford to compete
for the grants
(which we are
doing!)
State grants
for hydrokinetic
energy
demonstrations
are also available
in California,
Massachusetts,
Colorado, Alaska and
other states. Here
in Washington the
State Energy Program
will be able to make
grants for energy
R&D from the federal
Stimulus money it is
soon to receive.
Hydrovolts continues
to work towards
winning some of this
grant funding.
In Scotland the
Saltire
Prize is
close to its final
rule-making. The
prize of 10 million
pounds will be
awarded to the
competitor who most
successfully
generates at least
100 gigawatt (GW)
hours of ocean
energy over two
years in Scotland.
That sounds like a
lot but in fact is
only small scale
utility
generation--the
output of a 6 MW
generation plant
running full time.
It is the power
output of 15 tidal
turbines of 200
square meters in
size (about 16m
diameter) if the
peak tide current is
8 knots or 4 m/sec.
That's a speed found
only in Scotland and
a few others places!
Over 100
organizations have
registered their
interest to at least
apply for the
contest.
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Customer
Spotlight
Remote
Ocean
Devices
There
are many
users
who want
to place
electronic
devices
in
remote
ocean
locations
where
power is
not
available
from the
electrical
grid.
These
remote
ocean
devices
(often
sensors
of some
kind)
are
powered
by
batteries;
however
today's
state-of-the-art solutions
are
expensive
and
inconvenient.
For
example,
researchers
at the
University
of
Washington
who want
to
deploy
Acoustic
Doppler
Current
Profilers
(ADCPs)
currently
use a
disposable
battery
that
costs
$500 and
lasts a
mere 10
days,
after
which it
must be
replaced.
In
addition
to the
recurring
cost of
replacement
batteries,
there is
the
enormous
cost of
a boat
and crew
to do
the
replacement--often
$1,000
per hour
or more.
In the
deeper
ocean
farther
form
shore,
boat
costs
can
easily
top
$100,000
per day.
For
small
ocean
power,
the
Hydrovolts
turbine
paired
with a
rechargeable
battery
provides
a
capital
ROI of
substantially
less
than one
year.
Oceanographers
from the
University
of
Washington
have
validated
the
Hydrovolts
technology
and have
applied
for
$500,000
in
research
application
funding
from the
US Navy.
Hydrovolts
is also
in
discussions
with the
Woods
Hole
Oceanographic
Institute
(WHOI)
for a
project
using
Hydrovolts'
turbine
technology.
Other
potential
future
customers
include
militaries,
coast
guards,
and
civilian
uses
such
tsunami
early
warning
systems.
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Please
contact us to
find out more or get
answers to your
questions. Want to
come see the
turbine?
We'd love to show
you! And please
forward this
newsletter on to
others you know who
may have an interest
in the exciting
business we're
building. |
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