Gaia Turbine is developing and will commercialize an innovative plug-and-play hydroelectric turbine that achieves more than 90% efficiency in wide range of working conditions, much better than the conventional turbines. The capital raised will be used to install a pilot turbine at a hydroelectric power plant in Ticino and start the commercialization efforts.
Gaia Turbine SA was founded in 2020 in the canton of Ticino, based on the the idea of inventor Franco Tommasini and the efforts of a group of young entrepreneurs and local professionals with experience in the service and industrial sectors. The technology was validated in 2021 by Università Politecnico di Milano - PoliMI, confirming the high performance of the innovative mini/micro hydro turbine compared to conventional models.
The plug-and-play hydroelectric turbine achieves an outstanding efficiency of more than 90%. Its characteristics and relative mechanical performance, as well as its versatility, make it initially ideal for installations in mini and micro plants, minimum viable flows (MVF) and aqueducts.
The start-up led by CEO Calogero Amato raised CHF 1 million in a seed investment round. Among the investors are TiVentures, the seed investment fund by Fondazione Centenario BancaStato, and business angels with extensive entrepreneurial and financial experience. The capital raised will be used to install a pilot turbine at a hydroelectric power plant in Ticino and start the commercialization efforts.
(Press release / SK)
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