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hydrovolts.com

Founded Year

2007

Stage

Dead | Dead

Total Raised

$1.2M

About Hydrovolts

Hydrovolts has invented new hydropower technology to generate renewable energy from water power for utilities, agriculture, and global sustainable development. The patent-pending turbine is a complete, compact, modular, simple, safe and scalable, providing clean and green power that is easy to install, operate and maintain, and which aims to provide a capital ROI to customers of less than 5 years. The Hydrovolts turbine simply drops in the water without dams, weirs, penstocks or poured concrete. Sales are to buyers of multiple units and throughdistributors. Initial market: irrigation canals and constructed waterways regionally, then expanding to natural waterways andnational/global markets. Unlike dam turbines that are driven by water pressure (created by holding water behind a dam and placing the turbine at lower elevation below the dam), the Hydrovolts Flipwing Turbine is driven by the hydrokinetic energy in water flows or currents, i.e. the power of the moving water. The turbine is completely submerged in the watercourse and uses a cross-axis rotor design with a rectangular profile, allowing it to be custom-fit, boosting efficiency. It operates like an underwater paddlewheel with a patent-pending configuration of blades that allow it to spin under water. The blades are hinged on the outside so that they flip back, minimizing resistance on the upstream part of the rotation, even as they stay fixed on the downstream to capture the force of the moving water. Unlike traditional paddlewheel turbines which have 95% of their parts out of the water, the Flipwing, because of its fully submerged design can make the same power as a paddlewheel in only 5% of the space. The turbine has "drop-in"���� installation, requiring little or no site preparation orconstruction. It floats and can be held in place by mooring lines or anchors; it can also be attached to a fixed brace such as a bridge pylon. The generators and electronics are compactly integrated with the rotor; the power output comes up a cable attached to a mooring line andcan be directly plugged into a load or net metering setup. The cost of electricity continues to rise along with concerns about reliability, security and renewable energy mandates. Demand for a solution addressed by the Hydrovolts turbine is driven by foremost by the cost of electricity. Many places on the US east coast pay around $0.20/kWh; electricity in Hawaii costs almost $0.40/kWh and in rural Alaska $1.00/kWh or more. In much of the world rates are many times the US average of $0.11/kWh, or electricity is unavailable at any price. The company's technology is expected to produce electricity at a much lower cost than other small scale renewable energy alternatives: the hydrovoltsturbine produces carbon-neutral renewable energy 24/7 at less than $0.01/kWh. Additionally, there are a growing number of government andregulatory mandates requiring and incentives encouraging renewable energy production and purchase. Hydrovolts aims to provide a renewable energy solution with very low operating cost and capital cost recovery compared to other approaches. Hydrovolts turbines generate renewable energy from fast flowing water in natural and constructed waterways. Natural waterways include streams, rivers, tidal flows and ocean currents. Constructed waterways include irrigation and transfer canals, spillways, dam tailraces and industrial water discharges from processes such as thermal power generation, papermaking and cooling. There are millions of such flows around the world and almost all are untapped for hydropower.

Hydrovolts Headquarter Location

210 S Hudson Street Suite 330

Seattle, Washington, 98134,

United States

206-658-4380

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Expert Collections containing Hydrovolts

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Hydrovolts is included in 1 Expert Collection, including Renewable Energy.

R

Renewable Energy

2,797 items

Includes companies working on technology to support renewable energy generation.

Hydrovolts Patents

Hydrovolts has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

2/18/2013

Fluid dynamics, Nuclear physics, Gravity dams, Fluid mechanics, Radioactivity

Application

Application Date

2/18/2013

Grant Date

Title

Related Topics

Fluid dynamics, Nuclear physics, Gravity dams, Fluid mechanics, Radioactivity

Status

Application

Latest Hydrovolts News

On the Cusp of Commercialization, Hydrovolts Runs Out of Cash

Feb 21, 2013

Reprints Seattle renewable energy equipment maker Hydrovolts, which was on the “cusp” of initial commercial sales of its small hydroelectric turbines, is evaluating its options after running out of capital. “The company does not have operating capital right now, and we’re looking at ways to restructure it and move forward,” Hydrovolts president and chief operating officer Mike Layton tells Xconomy. “There’s a deal on the table, but it hasn’t been finalized and it hasn’t gone out to shareholders” for approval. That deal Layton refers to would involve a Hydrovolts debt holder buying the company’s assets, including the intellectual property behind its turbines for use in industrial waterfalls and irrigation canals. “Their plan is to go forward—restructure, recapitalize the company—and go forward with the current products as soon as possible,” Layton says, declining to identify the debt holder. He says a deal could be finalized in mid-March. Layton also confirmed that co-founder and former CEO Burt Hamner has left the board of directors. Layton was promoted to president last fall after Hamner stepped down as chief executive. News of Hamner’s departure and the possible liquidation was reported earlier this afternoon by Geekwire . Hydrovolts had hoped to begin commercial sales of its industrial waterfall turbines this month and Layton says the company received favorable responses. “The [sales] negotiations started about the first of February, and they’re kind of ongoing, but we don’t have any capital to continue with that conversation,” he says. “We’re on the cusp. We just ran out of money before we could close the sales.” Mike Layton Hydrovolts, backed to the tune of $2.8 million by investors including the Northwest Energy Angels, was struggling to raise a $1 million convertible debt round, as we reported earlier this month . “I’m finding that in the Seattle area… it’s tough to get [investors] to understand the financial model because they’re used to apps and computer programming,” Layton said in a January interview. “Ours is bigger equipment. It’s more like buying a car. It’s industrial equipment. So the acceptable payback is longer for my customers.” Benjamin Romano is editor of Xconomy Seattle. Email him at bromano [at] xconomy.com. Follow @bromano

  • When was Hydrovolts founded?

    Hydrovolts was founded in 2007.

  • Where is Hydrovolts's headquarters?

    Hydrovolts's headquarters is located at 210 S Hudson Street, Seattle.

  • What is Hydrovolts's latest funding round?

    Hydrovolts's latest funding round is Dead.

  • How much did Hydrovolts raise?

    Hydrovolts raised a total of $1.2M.

  • Who are the investors of Hydrovolts?

    Investors of Hydrovolts include Investors' Circle.

  • Who are Hydrovolts's competitors?

    Competitors of Hydrovolts include NEI Corporation, Proton Energy Systems, eSolar, Peregrine Power, M V Systems and 11 more.

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