WITT Energy moves to Plymouth Science Park
Innovative cutting-edge green tech energy company WITT has moved their headquarters to Plymouth Science Park.
Earlier this year the company successfully completed the world’s fastest and biggest clean-tech crowdfunded equity raise, which was launched at Plymouth Science Park, smashing their target of £750,000 to hit £2.4 million in just six weeks.
WITT has ambitious plans to convert kinetic energy into power using an innovative new energy harvesting technology
They have developed a patented energy harvesting system that is set to "change the face of renewable energy forever". The sealed system uses a 3D pendulum to drive a transmission system, converting all motion, in multiple directions, into electricity.
The company said it would now use the funding to move its first device, a 200-Watt marine energy system capable of harnessing kinetic power from waves and tides to provide autonomous power for marine applications, such as large-scale survival units, desalination, offshore fish farms and a range of products that need a constant power source.
Marketing manager Peter Beech said: "PSP was an obvious choice for WITT, providing us with quality facilities in an excellent location. Their advisory board was extremely helpful and it has the added benefit, for us, of being central to many of the Marine companies that we are building relationships with."
Commercial Executive Merika Kindlon from Plymouth Science Park said: “The continued success of Witt Energy is fantastic news both locally, nationally and internationally. After a successful round of crowd funding it seems right that Witt locate their laboratories and office here at Plymouth Science Park the South West’s largest science park. We are delighted to have Witt on site and excited to see first-hand the groundbreaking developments in power generation technology.”
Plymouth Science Park is the only science park in the UK to have a dedicated advisory board offering tenants 100 hours of free business mentoring. On average businesses joining Plymouth Science Park grow by 30% in their first year.
The park is situated in 25 acres of wooded land just behind Derriford Hospital in Plymouth and has more than 100 businesses and 1100 staff on site.
