14th February 4Nrg has a profile in Deal Radar

Company Profile: Founded in 2008, UK-based 4NRG is a specialist R&D company that
develops marine energy technologies. The management team brings experience from
previous roles in start-ups, engineering, project management and marketing, while the
company has been self-funded to date.

Funding Opportunity: £3.5m
Funding Type: Equity
Timescale: 6 months

Funding Opportunity: 4NRG is planning to raise £3,5m in equity over the next six months. The company envisages that it can reach turnover of £82.3m by 2015, with an EBITDA of £24,07m.

Technology: 4NRG's Coastal Erosion Eliminator (CEE) combines both a near shore wave and tidal energy generator with a method for protecting exposed coasts from erosion. This creates a method of defending valuable shoreline that can fund itself through the renewable energy it generates. The CEE device utilises mature technology (the Savonius rotor) and deploys it in

a novel and efficient way, saic;lthe compaJ1y. Relatively small devices of six to 10 metres in width will be trung together in arrays, 50-100 metres offshore, and will take energy from both wave and tidal movements. These arrays would be deployed below the high water mark to minimise their visual impact. The device also reduces the speed of water, leading to shoreline accretion of sediment which will in turn create stable bays.