Octopus announces Bowman Power investment
Octopus Ventures has invested £1.83m into Bowman Power, a Hants-based developer of power generation technology that increases the performance of standard diesel and petrol engines.
Bowman Power’s core product is a turbo generator that recovers waste heat from engines in order to boost their power and efficiency while reducing their emissions.
According to Octopus Ventures, Bowman Power is the first company worldwide to emerge with economical, production-grade solutions to turn waste heat in exhausts into electrical power.
Bowman’s recent business wins include a four-year contract to supply 2,000 production turbo generators to two German partners, Schnell and Burkhardt, in the power generation sector. The company also has development contracts with six vehicle OEMs in the transport sector.
‘The company [Bowman] demonstrates a very high standard of engineering excellence and has the most technologically advanced, most commercially developed offering in the market,’ said Luke Hakes from Octopus.
The deal with Bowman Power represents the 14th investment Octopus has concluded this year.
Register now to continue reading
Thanks for visiting The Engineer. You’ve now reached your monthly limit of news stories. Register for free to unlock unlimited access to all of our news coverage, as well as premium content including opinion, in-depth features and special reports.
Benefits of registering
-
In-depth insights and coverage of key emerging trends
-
Unrestricted access to special reports throughout the year
-
Daily technology news delivered straight to your inbox
Experts speculate over cause of Iberian power outages
I´m sure politicians will be thumping tables and demanding answers - while Professor Bell, as reported above, says ´wait for detailed professional...