Consortium formed to save OpenHydro

Posted on 11 Sep 2018 and read 372 times
Consortium formed to save OpenHydro The founders of Irish tidal developer OpenHydro are to form a consortium to try and save the troubled company from liquidation, after the courts granted it breathing space to find a way forward.

The Irish High Court appointed an interim examiner last month to Dublin-based OpenHydro Group and its subsidiary Open Hydro Technologies to assess any potential bidders; it also approved a request by Naval Energies — the French owner of OpenHydro — to appoint provisional liquidators.

OpenHydro’s chief operations officer, Brendan Corr, said: “The various technologies held in this company are very valuable, proven and able to be economically commercialised with a further reasonable level of investment.”

Be seen in all the right places!

Advanced Engineering UK 2018 Metalex 2018 Indusmach Africa 2018 (Tanzania) Machine Tool Indonesia 2018 Steelfab 2019 Expo Manufactura 2019 TIMTOS 2019 WIN Eurasia 2019 Intermach / MTA 2019 Metaltech 2019 MACH 2020