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With most of the development and testing complete, the next stage is to take the system to market. Thanks to its variation and adaptability, the technology can be installed into a vast variety of different environments and applications, providing solutions to a wider scope of customers.
“ The next phase will be the commercialization, seeing what we can do to bring costs down even further and get more sales. That, combined with targeting the right kinds of markets and customers with incentives beyond just the energy price such as in industrial parks, coastal areas with poor grid capacity, etc. will be our strategy, especially in the beginning. These potential customers want to talk to us because they are in areas with insufficient access to green power and because they are not granted enough capacity to initiate their projects. A great deal of green development is happening in these coastal areas, but to launch those projects, the energy production needs to be local. Having the production facilities within close proximity will help get these projects going and would make a good match between where the production is happening and where they need the power, particularly in areas with very few other renewable options,” Andreas says.“ For the longer term, we’ ll be looking for large facilities for power
production. The river configuration, for example, could be just around the corner. A year ago, we weren’ t planning to develop the river configuration much for the time being, but it turns out that there has been a lot more interest in that system than before, and it requires very little capital to commercialize given the level of public research and development that has already taken place. If we have the right funding available, it could be launched quickly. For the tidal configurations it might take a little bit longer due to funding and government approval, but we have begun that process and hope to have the horizontal configuration( for shallow tidal streams) in the water by early 2027.”
Leveraging the power of water, Flumill is well-equipped to lead the renewable revolution with its state-of-the-art systems and inventive approach. As the world embarks further into the energy transition, Flumill will continue to prove that power generation problems can be solved both cleanly and effectively, as it looks forward to officially launching its innovation in the years to come. ■
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