QED Naval develops the Subhub tidal platform, a deployable system that lowers deployment and maintenance costs by up to 60% and improves yields by 48%. The Subhub can be deployed over large distances and installed in a single operation across a wide range of weather conditions. The company has secured more than £1.5 million in new funding through a Seedrs crowdfunding campaign (1,152 investors), with further support from Kelvin Capital and match funding via Scottish Enterprise's Scottish Co-investment Fund. The new capital will enable full deployment of Subhub at the Yarmouth Tidal Test Centre and support steps toward commercial sales. QED Naval, in partnership with Islay Energy Trust, has applied for a seabed lease in the Sound of Islay to install Subhub platforms and 10m-diameter turbines. Company executives frame this work against a large market opportunity in tidal energy and argue the sector can scale to play a material role in the UK’s net-zero targets.

Total raised

$2M

Funding rounds

1

Latest round

Equity

Latest activity

Nov 2022