Company Description: Developer of groundbreaking “sea change” Renewable Energy Generation Technology. Produce electricity via harvesting seabed hydrostatic pressure, enhancing it and turning the shaft on a conventional water turbine. Testing completed by American Bureau of Shipping, Univ. of Houston, Siemens & others
• Problem/Pain: The Co2 (carbon dioxide) problem (burning fossil fuels) traps heat in the atmosphere. Adverse effects: rising sea levels, frequent and severe extreme weather events, ecosystem disruptions and negative impacts on human health and well-being.
• Solution: Novel technical application of age-old physics (omni-present hydrostatic pressure, gas lift, Archimedes Principal, Bernoulli’s Principal) to generate electricity. Reduce dependence on not only fossil fuel but solar and wind.
• The company has already qualified for a $24 million venture loan. Our current cash needs are $1-2 million which will allow us to effectuate the loan. The "investor provided" $1-2 million will be protected (escrow) and returned to the investor(s) in 12 months. 10% interest will be paid quarterly, in arrears, for the twelve month period. Equity interest will be provided (5%-15% in total) immediately upon investing. Founders have invested 8 years and $8 million to-date.
One-page descriptive E Summary (pdf) immediately available. Data room w complete engineering data.
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