UK-listed producer and gas storage operator Kistos has bought a stake in Spiralis Energy, a UK company developing a modular Archimedes water screw-type device generates electricity.
Kistos said the investment followed “extensive due diligence” on the business and the tidal power sector.
Spiralis Energy will use the investment to undertake a long term survivability test. All going well, it could lead to widescale deployment to provide a sustainable energy generation capability.
Share this article
