Caudal Energy banked €4.9M (£4.3M) in a funding round led by Oxford Science Enterprises (OSE) and Empirical Ventures. The investment also saw participation from Zero Carbon Capital and Creator Fund.
The Oxford-based company develops renewable power systems designed to extract energy from tidal flows. Unlike wind and solar, which rely on intermittent weather patterns, Caudal Energy aims to provide "baseload" power by tapping into the predictable cyclical nature of tides. Its technology belongs to a new class of power systems intended to stabilise grids as they transition away from fossil fuels.
The company operates within a growing cluster of deep-tech spinouts from the University of Oxford. This capital injection follows support from existing backers Zero Carbon Capital and Creator Fund, who doubled down on the firm’s approach to solving the intermittency challenge in the renewable energy sector.
CEO John Kennedy intends to use the funds to move the technology toward commercial scale. As European markets face increasing pressure to secure sovereign energy sources, the development of predictable marine energy provides a critical alternative to traditional long-duration storage solutions.
Originally reported by EU-Startups Daily.