Natel Energy 2022 Year-End Newsletter
2022 was a year of climate extremes, from intense drought in the western United States and East Africa, to flooding across Pakistan and China and unprecedented heatwaves in Europe and the US. It was also a year of unparalleled commitment to addressing climate change. The US Inflation Reduction Act dedicated $369 billion in public spending and tax credits to advance clean energy infrastructure over the next ten years, and just this week at the COP15 UN Conference on Biodiversity, 190 countries signed onto a sweeping agreement to protect 30 percent of the of the planet’s land and oceans by 2030 in order to address the mounting biodiversity crisis.Against the backdrop of these global changes and progress, we have been diligently working to accelerate the deployment of Natel's technological solutions to climate change and biodiversity loss, while scaling a successful business.
Highlights from 2022 included:
- Expansion into Africa with a contract to deliver four 1.9 meter FishSafe™ RHTs to MyHydro for the first of 33 potential projects in the Democratic Republic of Congo
- Operating at high availability throughout 2022 with the Monroe Hydro Plant at >99.5%
- Commissioning Natel’s first turbine in European waters for Austrian Utility, Energie Steiermark
- Publication of study results outlining 100% survival of American eels passing through the RHT in Transactions of the American Fisheries Society
- Strong sales growth across both turbines and Upstream Tech’s digital service platforms
- Accepting the Outstanding Stewards of American Waters award for HydroForecast
- Strong media coverage in Time, Bloomberg, MIT News, CleanTechnica, as well as a delightful micro-documentary by Pique Action
As we wrap 2022 and head optimistically into a new year, we are grateful to you — our partners, friends, investors, vendors, advisors, and customers — for your continued support of Natel. Read on for more details about progress we’ve made over the past several months!
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