🌊 UK Gas Producer Kistos Invests in Tidal Power with Stake in Spiralis Energy 🚀
Kistos Holdings, a UK gas producer, has invested in tidal power by acquiring a 20% stake in Spiralis Energy, a tidal energy innovator. The partnership will support Spiralis’ groundbreaking Axial Skelter tidal generator, a recyclable, 3D-printed technology designed for efficient maintenance and rapid production. 🌍💡
Kistos’ £800,000 investment ($1.03 million) not only backs sustainability goals but also allows for board representation in Spiralis, giving Kistos influence in shaping the renewable project’s future. With this funding, Spiralis will conduct long-term survivability tests for potential widescale deployment of Axial Skelter. ⚙️
This move aligns with Kistos’ strategy to blend hydrocarbon investments with renewable energy opportunities, providing a new path toward sustainable growth and energy transition.