Proteus Marine Renewables

We’re delighted to have hit our funding target on Crowdcube Huge thanks to our investors - we look forward to welcoming you very soon. We’re continuing to welcome investment beyond our initial target to accelerate our place in the market and begin to deliver on our growing list of major projects. Proteus is in a great place - with a major new £200m+ MeyGen contract announced this week, and additional projects in Japan, France, the UK and Alaska. We’re already established in the tidal industry, bringing 20 years’ of know-how – and we’re scaling in a huge way. However, our time on Crowdcube ends this Thursday so if you’re yet to join us we’re on final countdown ⏰⏰⏰ Click below ⬇️ to be part of our future - from as little as £10 https://lnkd.in/esHsq_zx     #ProteusMarineRenewables #Proteus #Crowdfunding #RenewableEnergy #TidalTechnology #NetZero #CleanTech #InnovativeTech #Sustainability Don’t invest unless you’re prepared to lose all the money you invest. This is a high risk investment.

Catch Drew's video below for our latest updates and fundraise news. Just days left to join us on #Crowdcube! 🌊 Scaling up, not R&D 🌊 Proven tech producing 25% of UK & EU tidal energy 🌊 Leading the £200M+ 59MW MeyGen project with SKF Marine and GE Vernova Be part of the future of tidal energy! https://lnkd.in/esHsq_zx #ProteusMarineRenewables #Crowdfunding #RenewableEnergy #TidalEnergy #CleanTech #Sustainability #InnovativeTech #NetZero Don’t invest unless you’re prepared to lose all the money you invest. This is a high risk investment.

This milestone is a testament to SAE's commitment to advancing tidal energy, and we’re proud to work alongside such exceptional partners to push the boundaries of renewable energy!

What a week! It’s an extremely busy time for Proteus, particularly following the announcement of our 59MW project for MeyGen, awarded at the Ocean Energy Europe Conference, where Drew has also been speaking. We now have just a few days left on Crowdcube and warmly invite new shareholders to join us as we ramp up for significant revenue growth. As a reminder: 👉 We’re raising to scale, NOT for R&D. We’ve already invested heavily in our environment - from our technology and equipment to our offshore services. 👉We’re leading delivery of the newly announced £200m+ 59MW project for MeyGen in Scotland, the largest tidal stream facility in the world, which we’ll deliver with our partners SKF Marine and GE Vernova. 👉Our technology has produced around ¼ of UK and EU tidal energy to date. 👉Our partner Normandie Hydroliennes in France has been selected by the European Commission’s Innovation Fund to accelerate ocean energy development in Europe, using our technology! 👉LCoE reduction path verified in a recent report commissioned by the European Investment Bank 👉 20 years’ of tidal knowledge and experience. So from early-stage studies like the Cook Inlet (Alaska) project with ORPC, to key pilot arrays in France and Japan and advancing to leading commercial arrays in the UK, we are driving forward the deployment of ocean energy solutions. We hope you’ll join our journey at this exciting and pivotal point. https://lnkd.in/esHsq_zx #ProteusMarineRenewables #Proteus #Crowdfunding #RenewableEnergy #TidalTechnology #NetZero #CleanTech #InnovativeTech #Sustainability Don’t invest unless you’re prepared to lose all the money you invest. This is a high risk investment.

GE Vernova has signed a Memorandum of Understanding (MOU) with Proteus Marine Renewables (PMR) and SKF Marine. The MOU sets out a framework for a potential alliance to supply tidal turbine generation systems (TTGS) to developers of tidal arrays for commercial, multi-megawatt #TidalStream projects. An initial focus will be the supply of a minimum 59MW to MeyGen PLC (MeyGen) at its site in #Scotland, the largest #tidal stream facility in the world. For the full release, please visit #ProteusMarineRenewables signs an MOU with SKF Marine and #GEVernova to support collaboration on multi-megawatt tidal stream projects here: https://vernova.is/3NWjUdD All three companies are attending #OceanEnergyEurope 2024, 5-7 November, in Aviemore, Scotland. Pictured below: Michael Baumann, SKF Marine, Jochen Lorenscheit, SKF Marine, David Taaffe, SAE Drew Blaxland, Proteus Marine Renewables, Clément Monin, Power Conversion UK, Fraser Johnson, SAE

This morning at #OEE2024 we had the privilege to meet with Dr. Alasdair Allan, Scottish Minister for Climate Action. Michael Baumann and Jochen Lorenscheit shared SKF commitment to support the development of Ocean Energy for a sustainable energy mix, highlighting SKF capabilities for Tidal powertrain holistic systems. The MoU signed with Proteus Marine Renewables and GE Vernova's power conversion business with an initial focus to supply a minimum 59MW to MeyGen PLC at its site in Scotland, the largest tidal stream facility in the world, is materializing the SKF engagement. #SKF #SKFMarine #OceanEnergy

An incredible turnout at yesterday’s webinar, where Drew Blaxland was joined by MeyGen’s Fraser Johnson and Proteus’s Nigel Hopley. The spotlight was, naturally, on our MOU to deliver 59MW to MeyGen (£200m+), the largest tidal stream facility in the world accounting for over 70% of the global tidal stream total output. It was great to be able to give an overview of the awarded projects, size and deliverables. We also managed to cover our key markets, the cost of tidal and competition, with an enjoyable dive into technical elements, too. You can access the webinar recording here: https://lnkd.in/eDJBwADy ⏰ Closing on Crowdcube next week ⏰ We’re fast approaching the end of our crowdfunding campaign, and are delighted to be welcoming investors by the hour! We really appreciate the interest and support. If you’re yet to join as a Proteus shareholder, you can find out more and invest below. We’d love you to be a part of our future. https://lnkd.in/esHsq_zx #ProteusMarineRenewables #Proteus #Crowdfunding #RenewableEnergy #TidalTechnology #NetZero #CleanTech #InnovativeTech #Sustainability Don’t invest unless you’re prepared to lose all the money you invest. This is a high risk investment.

At SKF, we believe that Ocean Energy will play a crucial role in the required future sustainable energy mix and over the past 15 years, our dedicated Ocean Energy team has partnered with leading wave and tidal energy device developers to create reliable, intelligent and clean rotating equipment solutions from the early design stages. Today, we announced that we have signed a Memorandum of Understanding with Proteus Marine Renewables and GE Vernova’s Power Conversion business. The MOU sets out a framework for a potential alliance to supply tidal turbine generation systems to developers of tidal arrays for commercial, multi-megawatt tidal stream projects. An initial focus will be the supply of a minimum 59MW to MeyGen PLC at its site in Scotland, the largest tidal stream facility in the world. For more information: https://lnkd.in/d6PwKv7R

“We believe that #OceanEnergy will play a crucial role in the required future sustainable energy mix,” said Martin Johannsmann, Managing Director at SKF Marine. Read more here: https://lnkd.in/dDATpSRk #marineenergy #renewableenergy #renewables #tidalenergy #tidalstream Proteus Marine Renewables GE Vernova

📅 Investor webinar | Tuesday 5th November at 1 PM GMT 🕒 Following the announcement of our major MOU earlier today, we warmly invite interested investors to join us for a webinar tomorrow, Tuesday 5th November at 1 PM GMT. Hear from our CEO, @Drew Blaxland - who’ll explain more about our upcoming projects, as well as giving an explainer of our tidal technology, followed by a Q&A. You can register below ⬇️ - and you can still join us on Crowdcube from £10 (link in comments). https://lnkd.in/eERmKuyj #ProteusMarineRenewables #Proteus #Crowdfunding #RenewableEnergy #TidalTechnology #NetZero #CleanTech #InnovativeTech #Sustainability Don’t invest unless you’re prepared to lose all the money you invest. This is a high risk investment.