Inyanga Marine Energy Group

It’s the 55th Earth Day, and so it seems appropriate to reveal AIB has completed its seventh investment - in Cornwall-based Tidal-Power company, Inyanga Marine Energy Group.

“We are thrilled to receive this investment from Angel Investors Bristol. Together with other private investment and matched funding, this has really solidified our recent investment round and set us on the path for success,” said Richard Parkinson, CEO.

“It has also been a huge pleasure to work with such a dynamic and positive team as Angel Investors Bristol over recent months. Our patented HydroWing tidal array technology is right at the forefront of developments in renewable energy, untapping the full potential of ocean tides as a perpetual and predictable source of energy.

Tidal energy has the potential to deliver 11% of the UK’s total energy needs and this equity investment announcement today is a milestone on that journey to a more sustainable future.”

We’re really pleased to be able to support Richard, Darren Carter and the Inyanga team!