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Insider UK
Insider UK
National
Peter A Walker

Tidal energy firm secures £1.5 million in funding

Tidal energy company QED Naval has secured more than £1.5m of funding.

In addition to a Seedrs crowdfunding campaign - in which 1,152 investors participated - further investment was provided by Kelvin Capital, whose members have supported the business from an early stage, with Scottish Enterprise awarding match funding via its Scottish Co-investment Fund.

The new capital will enable QED Naval to complete the deployment of its Subhub tidal platform at the Yarmouth Tidal Test Centre and build towards commercial sales of the platform.

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