Hayle-based Triskel Marine has secured £350k investment to safeguard 19 roles and strengthen the team with the addition of a sales manager and an operations manager.
Triskel Marine uses its Integrel (which stands for Intelligent Generation of Electricity) technology to collect excess energy from a boat’s inboard engine and stores it in batteries for later use. The system replaces the need for a standalone generator without compromising engine performance. Stored energy can be used later to power lights, ovens, air conditioning, refrigerators and water makers, reducing marina hook-up costs.
MD Trevor Howard said: “We are really pleased that our product is seen as the future of power generation in boats. This power source can also be applied elsewhere, completely replacing a stand-alone generator by using ‘spare’ capacity from the existing inboard engine and working in partnership with other power methods where needed, for example solar power.
“We look forward to offering this solution with optimum efficiency, to both existing and new yacht owners resulting in fuel savings of up to 25%. With Integral you can do two jobs with one engine and less fuel.”
Tim Williams, investment manager at The FSE Group, added: “Triskel Marine has an innovative product and an experienced management team with good connections in the industry. Trevor’s business has demonstrated that the removal of noisy and costly diesel generators will reduce fuel, maintenance, and shore power costs for vessel owners. We look forward to the next stage of development.”
The £40 million Cornwall & Isles of Scilly Investment Fund provides debt and equity finance from £25k to £2 million to help growing small businesses across the region. It has been established by the British Business Bank in partnership with the Cornwall and Isles of Scilly Local Enterprise Partnership (LEP).
