Hydro Wind Energy
Low-cost clean offshore wind energy and energy storage
Company Details
- Location
- Dubai, United Arab Emirates
- Website
- https://www.hw.energy
- info@hw.energ
- Founded
- 2020
- Employees
- 26-50
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About Hydro Wind Energy
The problem we're solving:
There is a global need for clean, affordable and secure energy. The global energy market is currently sized at $12 trillion, and energy demand is expected to grow by one-third by 2040. The world still sources 87% of its energy from fossil fuels. The world needs to transition to renewables but the main problem with conventional renewables is that they have failed to outcompete with fossil fuels on cost, scalability, power and energy density.Our solution:
We are working on a game changing innovation that can help in accelerating the global transition to renewable energy. We have developed a disruptive energy system that harnesses offshore wind utilising vertical axis wind rotors combined with a mechanical energy storage system. A technology with signifiant attributes that provides on-demand dispatchable power and grid scale energy storage.Our differentiator:
The technology we are developing has the potential to transform the dynamics of the energy market in terms of on-demand dispatchable power from wind, grid scale energy storage, reliable energy generation, efficiency, electrification, lowering the cost of energy, scalability, security of supply, and environmental impact. A zero carbon emissions technology that could be a game changer for the 21st century and beyond.Our biggest achievement:
Selected by the World Economic Forum - 100 top startup shaping the 4th Industrial Revolution. Proud Techstars backed company Reached TRL 6 within 2 years
Disclaimer:
Information for this page was sourced directly from the startups or found in publicly available databases. The data has been collected until the end of the programme's year (eg: A 2020 programme has data updated until December 2020) except for where explicitly said so. The data on co-founders is collected upon startup registration and is not further updated. Funds raised is comprised of direct investments (including crowdfunding), funds, and grants. Opinions, conclusions and views expressed in the startup page are solely personal to the author (startup), unless otherwise clearly stated.