A 2,250 €/ML Round for 40South Energy Italy, the Italian company that generate energy from ocean waves

Jan 27, 2017 741

Invitalia Ventures and Enel Green Power have closed a 2,250 €/ML co-investment round in 40South Energy Italy, the company that produces energy from the ocean waves thanks to a patented and scalable  technology with high average capacity, low environmental and zero visual impact.

The company has been established in 2007 by Michele Grassi with the aim to develop a disruptive technology in renewable energy. It has designed two wave energy converters associated to a common powertrain, which can transform the energy from ocean waves.

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SOURCE: http://www.invitaliaventures.it/

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