SINN Power
Financials
Estimates*
EUR | 2019 | 2020 | 2021 |
---|---|---|---|
Revenues | 1.9m | 1.9m | 2.0m |
% growth | - | - | 3 % |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
€640k | Grant | ||
N/A | N/A | Seed | |
N/A | N/A | Growth Equity VC | |
N/A | N/A | Growth Equity VC | |
Total Funding | €640k |
Recent News about SINN Power
EditSINN Power, founded in 2014 by Dr. Philipp Sinn, specializes in developing cutting-edge wave energy technology aimed at harnessing the power of ocean waves to generate clean and reliable electricity. The company operates in the renewable energy sector, focusing on coastal regions globally. SINN Power's business model revolves around creating wave energy converters that can be deployed in various maritime settings, including harbors and offshore platforms. These converters are designed to capture the kinetic energy of waves and convert it into electrical power, which is then supplied to local grids or used directly by coastal communities.
SINN Power serves a diverse range of clients, including governments, private enterprises, and non-profit organizations that are committed to sustainable development and renewable energy solutions. The company generates revenue through the sale and installation of its wave energy converters, as well as through long-term maintenance contracts and partnerships with academic and industrial entities.
The market for SINN Power's technology is vast, given the increasing global emphasis on reducing carbon emissions and transitioning to renewable energy sources. The company's innovative approach and strong network of partners have positioned it as a leader in the wave energy sector. With fully functional prototypes already in operation and plans for large-scale commercial rollouts, SINN Power is poised to make a significant impact on the renewable energy landscape.
Keywords: wave energy, renewable energy, coastal electricity, ocean power, sustainable development, wave energy converters, maritime engineering, clean energy, energy innovation, commercial rollout.