Achelous Energy - innovative hydrokinetic technology

by Startacus Admin
The lowdown on Achelous Energy, the UK-based startup that's developing innovative solutions to help reduce C02 emissions and achieve Net Zero.
Water’s pretty good. It could be said that it’s quite important to the continuing existence of life on the planet. More importantly, it makes coffee. But have you ever considered powering your Playstation with it? Of course, it’s nothing new to use water to generate electricity, but with the louder and louder calls for renewable energy, hydroelectricity is becoming more important. With it, the means to generate and store this electricity must improve, provide scalability, and strive for affordability. Moving water is something that doesn’t change with the moods of the weather gods, like the wind and sun do, making it arguably the most valuable source of renewable energy.
Edenbridge-based startup Achelous Energy has been developing a floating hydrokinetic platform capable of generating non-stop energy from rivers. The platform sits in a river and its two vertical-axis turbines generate electricity without impeding the river’s flow. Because they produce constant energy, there is no need for large storage solutions, and the platform can be used domestically or industrially, scalable for use in anything from small communities to grid-scale.
It goes without saying, yet is vitally important at this stage in our climate change situation, that the startup’s platform does not produce harmful emissions. The platform’s full name is the floating in-stream tidal and solar platform (FITS), because, not to waste the above-water surfaces of the platform, it also comes covered in solar panels for extra energy generation.
In November 2021, Achelous Energy completed a Seedrs fundraising campaign with 208% of their target. This, along with their partnership with the Nepal Energy Foundation, has helped them to conduct scale-model tests of their platform in Myanmar, and the development of a future pilot programme, and they hope to soon drive further development with a Series A round ahead of going to market in Europe, the Americas, and Southeast Asia.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Got a business in the manufacturing sector? These tips on how you can reduce energy costs while being more sustainable are well worth a read...

Innovative InsurTech startup SureIn announces a €4M Seed round to further its mission of making insurance easy, transparent and hassle-free for SMBs.

Nassia Skoulikariti, Director of IoT Programmes, Mobile Ecosystem Forum shares some insights on how IoT is having a significant impact on all our lives.

Roger James Hamilton, Founder and CEO of Genius Group, a world-leading entrepreneur Edtech and education group, discusses how introducing a globalized curriculum will help better prepare students.

SuperFi, the debt prevention platform, has announced a $1m pre-seed funding round to support people during the cost of living crisis.

41 startups from 13 countries, including the UK, have been selected for the 8th Kickstart Innovation program, one of Europe’s leading innovation platforms.

Personal training platform Another Round has secured £300k in its latest fundraise, including investment from angels and its community.

Thingtrax Secures £4.3M to Empower Manufacturers to Build the Factories of the Future

A measure of inflation relief for small firms sees transport costs fall but service price increases remain elevated

Bedfordshire-based HR tech startup HR DataHub has built a range of tools for HR departments
Published on: 3rd April 2023
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.







- SureIn Secures €4M to Close the SMB Insurance Gap 15th Aug 2023 Innovative InsurTech startup SureIn announces a €4M Seed round to further its mission of making insurance easy, transparent and hassle-free for SMBs.
- SuperFi raises $1M pre-seed funding round 28th Jul 2023 SuperFi, the debt prevention platform, has announced a $1m pre-seed funding round to support people during the cost of living crisis.
- Startups rely on AI & sustainability for new partnerships 27th Jul 2023 41 startups from 13 countries, including the UK, have been selected for the 8th Kickstart Innovation program, one of Europe’s leading innovation platforms.
- Another Round closes £300k Seed round to revolutionise personal training 21st Jul 2023 Personal training platform Another Round has secured £300k in its latest fundraise, including investment from angels and its community.