Cambridge CleanTech pioneer, Michael Evans, has been invited to join Prime Minister David Cameron as part of the UK business delegation to the G20 meeting in Mexico on June 17 and 20.Evans’ company Green-Tide Turbines is gaining increasing traction in Latin America with its revolutionary technology designed to generate energy from tidal power.
Evans will be one of 400 CEOs and chairmen of leading global companies attending a parallel event, the Business-20 (B20) summit, which will formulate recommendations from the private sector to the heads of state attending the G20.
The summit recommendations will address topics of global scope and relevance, including: Food Security; Green Growth; Employment; Improving Transparency and Eliminating Corruption; Trade and Investment; ICT and Innovation; Advocacy and Impact, and Financing for Growth and Development.
Evans told Business Weekly: “This is a wonderful accolade for Green-Tide turbines as such a relatively young company. It was only June last year that I was invited to join senior executives from some of the UK’s biggest companies on a business delegation to Brazil headed up by Nick Clegg, Lord Green and David Willetts aimed at improving UK-Brazil relations.
“G-TT was presented to the vice-president of BNDES (the Brazilian National Development Bank) as ‘Britain’s most promising startup’ by Lord Green, the Minister of State for Trade and Investment.
“Mexico, in line with Argentina, Brazil and other Latin American companies are very much on our radar.”
As Business Weekly reported last year, Green-Tide Turbines has lined up millions of pounds worth of potential investment in Brazil.
Evans returned from one mission with three independent offers of potential investment of £20m from three of the biggest energy companies in the world, a couple of JV opportunities and offers of free R & D at the University of Rio de Janeiro.
He said at the time: “Brazil is developing at an astonishing rate with massive infrastructure being installed. European markets can’t compete when it comes to opportunities for companies like ours. It’s early days but BRIC markets – Brazil, Russia, India and China – look like where we are heading.”
GTT has trialled the technology in small streams in the East of England but is targeting some of the world’s most iconic waterways and coastlines – including the Amazon.
Long term, Green-Tide’s technology could revolutionise the quality of life for people living in some of the remotest communities on the planet.
Based at IdeaSpace in Cambridge University’s Hauser Forum, the company’s turbine technology can be adapted to serve remote communities in developing countries – where the cost of extending electricity infrastructure or supplying fuel is simply not affordable – by generating 2-5kW of vital power supply from nearby rivers.
The same technology can also be applied to larger expanses of water, generating 500kW of tidal energy from a turbine approximately 10m in diameter, helping developed countries to reduce their carbon footprint.
By 2014, the Cambridge company hopes to see its ‘Tidal Turbine’ technology installed across the UK coastline, with its smaller run-of-river turbines installed in iconic rivers such as the Amazon, Yangtze and Ganges by 2012
• The B20 summit discussions will also address four general topics: Outlook and Challenges for the World Economy; Business Solutions and Strategies for the Global Economy; Social Challenges and Corporate Responsibility; Disruptive Technologies and Innovation.