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GET A PIECE OF HYDRO WIND ENERGY, INC.
Power & Water | Clean Technologies
We are developing a disruptive technology to solve 3 of the biggest challenges of the 21st century, low cost clean electricity, grid scale energy storage, and seawater desalination. All ultimately from wind offshore using vertical axis wind rotors and offshore based kite systems. We have also developed and commercialized the world's only low cost handheld seawater desalination device (QuenchSea) for humanitarian purposes, disaster relief, and the marine sector.
$146,820.73 Raised
Reasons to Invest
- Offering exciting innovations in offshore wind power and seawater desalination. Oceanhydro Omni: low-cost, clean offshore wind power and energy storage. SubSea RO Wind: wind-powered low-cost seawater desalination. QuenchSea: portable, low cost, hand-powered seawater desalination device. 3 granted patents.
- World Economic Forum, Top 100 startups shaping the 4th Industrial Revolution. Backed by Techstars, AWS Clean Energy Accelerator, Shell Startup Engine & more. (source)
- $57 million signed commitment from an institutional investor for an IPO. $6 trillion energy market and $500 billion water market. (source, source, source)
THE PROBLEM - OHO
Wind Power and Energy Storage
There is a global need for clean, affordable and secure energy. The global energy market is currently sized at $6 trillion, and energy demand is expected to grow by one-third by 2040. The world still sources 84% of its energy from fossil fuels. (source, source)
Many of the environmental problems the world faces today—including climate change, ocean acidification, droughts, extreme weather, carbon emissions, and air pollution—are all a direct result of our dependence on fossil fuels.
The world needs to transition to renewables; but, the main problem with conventional renewables is that they have failed to outcompete with fossil fuels on cost, scalability, power and energy density. In addition, they are either intermittent, variable or both and no cost effective energy storage solution has been found to absorb the volatility of renewables or to dispatch them on demand.
*The above is a rendering of a future product. Images are computer generated demo versions. Products are still currently under development and are not yet available on the market.
THE SOLUTION - OHO
Breaking the Barrier to a Carbon Emissions-Free Future
Source: Equinor
The technology we are developing will potentially open up the ability to exploit offshore wind power in deep waters at significantly reduced cost, compared to conventional wind turbines, offshore floating wind, or evolving marine and kite energy technologies.
Current wind turbines are unable to access offshore wind in deep waters, and are limited to shallow waters of no more than 60m depth and heights of 150m. In addition, wind turbines convert the wind directly to electrical energy, giving a low conversion efficiency of 35% with variable power and energy output. In contrast, we use vertical axis rotors solely to provide mechanical power to lift, altering the buoyancy of a submerged pressure vessel and fully absorbing the volatility of winds from 4m/s right up to 40 m/s. Water flooding into an empty pressure vessel at sea depth is used to generate electricity through a hydroelectric turbine (similar to hydro power). This in comparison gives a hydro-electrical conversion efficiency of 90% with the added benefit of energy storage and on-demand dispatchable power—the two missing links to a future powered by renewables. (source, source)
Our technology is a combination of a form of pumped hydro storage and wind power—a hybrid system that combines wind and subsea energy storage. It uses the same principles as pumped hydro storage; but, instead of using a dam, we are using sea depth, individual pressure vessels, and subsea pressure to obtain the same results using a hydroelectric turbine.
This technology has the potential to be a game changer for the 21st century—in terms of developing a renewable energy system that has the potential to outcompete fossil fuels on power density, energy density, cost and scalability, while also expected to provide dispatchable and reliable power generation to the grid. In addition, it's ultimately wind power, which eliminates carbon emissions entirely from power production.
This technology is anticipated to rapidly accelerate the transition to renewables and worldwide electrification, thereby lowering the cost of energy and increasing security of supply. The main objective is to provide unsubsidised reliable electrical energy. The technology is extremely disruptive from the current state of the art, yet utilizes existing and proven technology in a new area.
*The above is a rendering of a future product. Images are computer generated demo versions. Products are still currently under development and are not yet available on the market.
*The above is a rendering of a future product. Images are computer generated demo versions. Products are still currently under development and are not yet available on the market.
THE TECHNOLOGY DESCRIPTION - OHO
*The above is a rendering of a future product. Images are computer generated demo versions. Products are still currently under development and are not yet available on the market.
WHAT IS SO UNIQUE? - OHO
*The above is a rendering of a future product. Images/video are computer generated demo versions. Products are still currently under development and are not yet available on the market.
$45 per MWh based on internal assessment
*The above is a rendering of a future product. Images/video are computer generated demo versions. Products are still currently under development and are not yet available on the market.
BENEFITS - OHO
Comparison to Wind Turbines - OHO
Source: EPA
*The above is a rendering of a future product. Images/videos are computer generated demo versions. Products are still currently under development and are not yet available on the market.
Business Model - OHO
Technology Readiness Level - OHO
Traction - OHO
Sources: Tech Stars, Amazon, Shell, WE Forum
global potential - oho
the problem - srw
The World Needs a Solution to the Water Crisis
*The above is a rendering of a future product. Images are computer generated demo versions. Products are still currently under development and are not yet available on the market.
The scarcity in accessible fresh water is becoming a more severe threat to the prosperity and sustainability of all human societies. Over 2 billion people do not have access to clean water (UN) and over two thirds of the world's population live in water scarce regions (source). Globally there is an urgent need to provide a low cost effective solution to the world’s water crisis that is accessible to all nations.
The world population is expected to grow from 7.4 billion in 2017 to 9.9 billion in 2050, adding tremendous risk of water stress. Along with other megatrends, such as urbanization, modern agriculture and industrialization, human activities have multiplied demands for water consumption. Water contamination from industrial production and extreme weather (droughts and floods) due to climate change also put the very limited water resources in danger. Unrelenting population growth and economic development will continue pushing the demand for water beyond its natural limits. (source, source, source)
The water crisis is affecting almost every nation on the planet from California in the US to Jordan in the Middle East with the most acute in developing and emerging markets. Water is the ultimate systems challenge. It is a unique resource that underpins all drivers of growth – be it agricultural production, energy generation, industry, or manufacturing. It is the key that unlocks human potential.
the solution - srw
Our technology focuses on providing low cost fresh water. Conventional seawater desalination technologies are prohibitively expensive, energy intensive, primarily powered by fossil fuels and with significant environmental impact. Solar powered desalination can not meet the volumes that are required to meet our ever growing consumption needs. We have developed an extremely disruptive technology to desalinate seawater into fresh water using offshore-based altitude wind kites, reverse osmosis membranes and subsea pressure, eliminating entirely the need to use fossil fuels for water desalination and reducing desalination costs by 90%, based on internal assessments. This technology has the potential to alter the entire dynamics of the global water challenge and permanently alleviate the world’s water shortages in the short term. It is sustainable, scalable, zero carbon emissions technology, provides significant volume capacities at negligible costs versus all other desalination technologies, and has the potential to transform the lives of billions of people around the world.
*The above is a rendering of a future product. Images are computer generated demo versions. Products are still currently under development and are not yet available on the market.
technology description - srw
benefits - srw
*Based on internal assessments
*Based on internal assessments
Source: Scientific American
the market - srw
Sources: Adroit Market Research, Zawya,
*The above is a rendering of a future product. Images/videos are computer generated demo versions. Products are still currently under development and are not yet available on the market.
Technology Readiness Level - SRW
*The above is a rendering of a future product. Images are computer generated demo versions. Products are still currently under development and are not yet available on the market.
Global Deployment Potential - srw
The solution - qs
*The product is not yet currently available. The initial deliveries of pre-orders are expected to be delivered August 2022.
The problem - qs
The solution - qs
*The product is not yet currently available. The initial deliveries of pre-orders are expected to be delivered August 2022.
Technology Description - qs
Specifications - qs
*The product is not yet currently available. The initial deliveries of pre-orders are expected to be delivered August 2022.
Source: UNDP
The market - qs
Business Model - QS
Traction - qs
product range - qs
*The above are renderings of currently available products. Images are computer generated demo versions.
The vision
Source: UN
supporters & partners
Source: UN, C3, Innovate Masdar, UN
featured in
Source: WE Forum
Our values
why invest
The future is here
Source: CNBC
Every year, global energy demand continues to rise. Driven by emerging economies and developing nations, total worldwide energy usage is expected to grow by nearly 50% by 2050 and the water market globally will be worth over $500 billion. (source, source)
At the same time, scientists are sounding the alarms about rising temperature levels, caused by carbon dioxide and other greenhouse gasses. (source) With temperatures likely to increase by well over two degrees Celsius, many nations are seeking ways to replace fossil fuels with renewable sources of energy. This provides a market opportunity to invest in game changing technologies that will play a major part in the global transition. We have viable and practical solutions to 3 of the biggest challenges of the 21st century, low cost clean electricity, grid scale energy storage and freshwater. Solutions that can be developed and commercialized in the shortest possible time with the greatest impact.
- Raised $2 million to date
- Reached TRL 6 (Technology Readiness Level) in 2 years
- Generating revenues now from QuenchSea $500,000 plus in sales and pre-orders
- 4,500 customers
- $57 million signed commitment from an institutional investor dependent on listing
- We have 3 innovative solutions!!
- 3 granted patents
- 40+ team members and backed by Techstars, Shell Startup Engine, AWS Clean Energy Accelerator, Innovate Masdar City (source)
- Climate change represents an existential threat to human civilization, with many nations seeking to reach zero net carbon emissions by 2050 (source)
- As the world transitions away from fossil fuels, there is a market opportunity to invest in clean or renewable energy sources
- Global investment in transitional technologies reached $755 billion in 2021 (source)
- Wind, solar, hydropower, energy storage and water represent immense future needs and opportunities
- Investments in renewables will need to triple in the coming years in order to reach net-zero carbon emissions (source)
ABOUT
HEADQUARTERS
355 Bryant Street, Office 403
San Francisco, CA 94107
WEBSITE
View Site
We are developing a disruptive technology to solve 3 of the biggest challenges of the 21st century, low cost clean electricity, grid scale energy storage, and seawater desalination. All ultimately from wind offshore using vertical axis wind rotors and offshore based kite systems. We have also developed and commercialized the world's only low cost handheld seawater desalination device (QuenchSea) for humanitarian purposes, disaster relief, and the marine sector.
TEAM
Lee King
CEO, President, CFO, Secretary, and Director
Hayk Vasilyan
CTO
Maryam Hassani
CIO
Abdulla Ghaly
IT Director
Laura Dryden
People Director
Mostafa Helmy
Head Digital
Pranay Addepalli
Mechanical Engineer
Donald Naylor
Chief Technical Engineer
Mircea Calarasu
Mechanical Engineer
Ercument Alyanak
Chief Engineer
Hannah Forbes
Director of Fundraising
Dennis Nwatu
Head BD
Adrine Zenian
Head Digital Marketing
Sohna Ngum
Director of Inclusion and Diversity
Maddie Manzagol
Environmental Engineer
Chris Hazzard
Tooling and Mould Engineer
TERMS
Hydro Wind Energy, Inc.
Overview
PRICE PER SHARE
$10.38
DEADLINE
Sep. 23, 2022 at 6:59 AM UTC
VALUATION
$119.64M
FUNDING GOAL
$10k - $4M
Breakdown
MIN INVESTMENT
$249.12
MAX INVESTMENT
$2,999,996.46
MIN NUMBER OF SHARES OFFERED
963
MAX NUMBER OF SHARES OFFERED
385,355
OFFERING TYPE
Equity
ASSET TYPE
Common Stock
SHARES OFFERED
Common Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum number of shares offered subject to adjustment for bonus shares. See bonus info below.
Voting Rights of Securities Sold in this Offering
Each Investor shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Investor’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Investor, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Investor pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Investor is an individual, will survive the death, incompetency and disability of the Investor and, so long as the Investor is an entity, will survive the merger or reorganization of the Investor or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
Investment Incentives and Bonuses*
Amount-Based:
$5,000+
Receive 3% bonus shares
$10,000+
Receive 5% bonus shares
$20,000+
Receive 7% bonus shares
*All perks occur when the offering is completed.
Loyalty Bonus:
For any previous backers or investors in Hydro Wind Energy, when you invest in this live offering, you will receive an additional 5% bonus shares.
The 10% StartEngine Owners' Bonus
Hydro Wind Energy, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $10.38 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $1,038. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investor's eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.
NEW UPDATES
11.29.23
PwC Net Zero Future50 🚀🚀
We are happy to announce that we have been chosen as one of the 50 companies in PwC Net Zero Future50 - Middle East report under the Energy Category. This initiative showcases companies who are creating technology aimed at reducing emissions and accelerating: https://pwc.to/3G76BmM
ALL UPDATES
REWARDS
10%
Stack Owner's Bonus & Rewards!
Members get an extra 10% shares in addition to rewards below!
Owner’s Bonus
Owner’s Bonus Members earn 10% bonus shares on top of this and all eligible investments for an entire year. Not a member? Sign up at checkout ($275/year).
JOIN THE DISCUSSION
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Thomas Mueller
a year ago
How do I get the 5% extra loyalty shares? I invested in the Republic round earlier this year.
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David Cameron
a year ago
Has research been done on your units into how they may affect marine life and sea birds ?
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James Espinas
a year ago
HW Energy was possibly first to market. Competition is coming. What are you doing to market Quench Sea? Will you offer to areas affected by flooding like Pakistan? https://www.independent.co.uk/news/world/americas/mit-science-seawater-drinkable-desalinator-b2166567.html
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John Wilmot
a year ago
Lee it is interesting that all the images of your staff are caricatures even on Linkedin, do these people really exist? Also there is no record of the company at the 3 addresses on the website, why is this? Hannah Forbes your Director of Fundraising's email address bounces? Lee you have no replied to my email? At least one of the links of yours on the startengine listing does not work? I am a startengine owner who was very interested in investing in hydro wind energy Please reply to this communication & provide verification that this is a real company,,,
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Gareth DeSanctis
a year ago
Hi, will any of the raised funds go back to paying back initial capital or profits for previous investors?
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Furaha Bryant
a year ago
There is a discrepancy in the lowest funding amount - 104... to... 114.18 vs the average SE lowest investment option. I emailed SE with no reason to wait as long as I have thus far. How will you remedy this? Do I accept the lowest Mom and Pop eye to why eyes 👀 are best when win win situations're questioned? Thank Q!³²¹
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Daniel Hamilton
a year ago
Hello, I do have a few questions I would like to ask: 1. This is a multi question but listed on your website there is Quench Sea and SubSea RO, are they your products as well? a. If so, are we investing into them? b. How many have been sold and what is the net income for them? c. Will the net income go towards this current project? 2. Have you sought for grants and research funding to support this project? Such as the EPA? 3. Where will the test site location be? 4. How long until a prototype or final product is made?
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MURALI NAGARAJAN
a year ago
Good problem to solve but got few questions. 1) How did you come up with valuation of 120M 2) Almost all of the folks are contract/temps .. is that true... (going based on 5+ hours, 10+ hours on their profile here). 3) Is there a finished product because i see you are still NOT released final for consumers. 4) How different are you from company say OCCULUS (Wind turbine... yes I know they are NOT submerged like yours but it has features to do so in turns of bad weather). I see their specs make more "Mega watts" 5) Who are going to be your customers (Will it be Govt or companies) 6) Based on $56+M commitment from some institution based on listing..Does this mean your next round is going to be an IPO and no other Reg A or Reg CF ?. Thanks Murali
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Michael Kantor
a year ago
I constantly hear concerns around the ability for tech to survive long term in the oceans due to salt, corrosion, pressure, storms, etc. Anything you can tell us about the current state of testing for any ocean based platforms you are working on?
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Phillip Johnston
a year ago
More Power Do you plan to add solar power and kinetic energy from the ocean
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