Periodic Reporting for period 1 - HydroKinetic-25 (Commercialization of a viable and proven HydroKinetic Turbine that will harness the power of the world's rivers, canals and estuaries in a sustainable, innovative and cost-effective way.)
Reporting period: 2016-03-01 to 2016-08-31
The need to conduct a geographical analysis had been highlighted and the results of this particular task have proven very valuable: a highly focused strategy for conducting a comprehensive geographical study is now ready and exact methodologies and tools that will be used have been selected and justified. For what is a very new market where the exact number of feasible deployment sites is not yet known, having a solid plan on how to progress this work is critical to the next stage in the project’s development.
Significant progress has also been made on the optimization of the product with a 10Kw device being successfully demonstrated for a period of 4 months. Other key elements for the business plan such as distribution, risks and barriers and the economic viability have all been built out in more detail. Overall the project has proved invaluable in supporting the company to determine many critical aspects of the core business idea while also adding significant weight to the project and allowing for a much more focused approach moving into the next stages.