The year to-date has been marked by sustained progress and accelerating opportunities. Our installed Restoration Hydro Turbine (RHT) projects are operating reliably, and our project development pipeline continues to grow. The close of our Series B funding round, led by Breakthrough Energy Ventures and backed by Chevron Technology Ventures, coupled with the addition of Yves Rannou, former CEO of GE Hydropower, to our board of directors and Nicolas Serrie, former VP of product management for GE Hydro and president of GE Hydro France, to our management team, have set the stage for our continued growth and success.
The Cleanie Awards® announced that Natel won bronze in the 2022 Clean Energy Startup Company of the Year category. The RHT was also recognized as a Pioneer in New Technology finalist.
2021 was a year of validation, bracketed by certifying our Freedom Falls plant as a Low Impact Hydro Installation, and by a suite of successful through-turbine fish passage tests in Q4.
The company will install up to 90 of its Restoration Hydro Turbines at three non-powered dams
ALAMEDA, Calif. — Sept. 28, 2021 — Natel Energy, a supplier of sustainable hydropower solutions, announced today it will develop, finance and construct three non-powered dam sites along Louisiana’s Red River in partnership with Nelson Energy, a Minneapolis-based firm that has successfully developed and licensed over $250 million of hydroelectric projects in the U.S. With Nelson Energy as an advisory partner, Natel will install between 60 and 90 of its flagship product, the Restoration Hydro Turbine (RHT), to retrofit three existing dams and add 80 MW of renewable power to the grid — enough energy to power 35,960 average US homes each year.