Revealed: The Chinese investors prepared to save OpenHydro

The firm’s founding shareholders have assembled a number of potential backers, including a mining giant, to help it escape liquidation

26th August, 2018
OpenHydro makes turbines that can help harness tidal energy. But it has faced heavy competition from other forms of renewable energy

Minority shareholders in OpenHydro, the insolvent Irish-French tidal energy company, are engaging with a number of potential Chinese investors in an attempt to piece together a rescue plan to save the business from liquidation.

Brendan Gilmore and Donal O’Flynn, two of the company’s founders, have sourced three interested parties who they believe could provide the funding required to commercialise the technology that OpenHydro has been developing. Gilmore and O’Flynn are backed by a number of...

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