Nova Innovation is an energy company that designs, builds, operates tidal energy devices, and develops sites for arrays of tidal turbines.
Nova Innovation is an energy company that designs, builds, operates tidal energy devices, and develops sites for arrays of tidal turbines.The company is passionate about having a cleaner environment and reducing the need for fossil fuels, for current and future generations. And it is committed to engage with and source from local supply chains: we believe that the resources and expertise of coastal communities will make a major contribution to the success of tidal power.Founded in 2010, Nova has grown rapidly over the last few years: now employing over 30 staff. In 2013, Ian Marchant joined the company as Chairman; Ian is former CEO of Scottish and Southern Energy, one of the UK’s largest utility companies. The strength of the team and our capability is demonstrated by our successful deployment of the world’s first offshore tidal array: in recognition of which Nova won the Judges Award at the Scottish Green Energy Awards 2016. We were also a regional winner in the Shell Springboard 2017 awards for low-carbon innovation.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
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Dec 16, 2021 | Grant | €2.50M | 1 | European Innovation Council | — | Detail |
Investor Name | Lead Investor | Funding Round |
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European Innovation Council | Yes | Grant |