Displaying items by tag: Open Hydro
23rd January 2013
French Naval Defence Giant to invest €130m in OpenHydro
#OpenHydro- A French naval defence and energy-company, DCNS, has agreed a €130 million investment in OpenHydro, an Irish hydro-power firm.
The Paris-based giant, which among its activiities includes building submarines, yesterday outlined its expansion plans for OpenHydro, a tech company developing marine power alternatives.
As part of the deal DCNS will extend its stake in OpenHydro from 11 per cent to a controlling 59.7 per cent, subject to regulatory approval. To read more on this story, The Irish Times has a report.
Published in
Power From the Sea
