Green Energy Development Co.

What Green Energy Development Co. does

Green Energy Development Co. (GEDCO) is a privately held Iranian limited liability company founded in May 2018 and headquartered in Tehran, operating with a small team of fewer than ten employees led by two co-founders: Shahriar Najafian (Founder & CEO, senior mechanical engineer) and Samira Tavakoly (Co-Founder & Chairman, senior mathematical expert). The company develops and intends to commercialize the Floating Drum Turbine (FDT), an undershot waterwheel-based microturbine anchored via a buoyant skid to canal or river banks, which converts the kinetic energy of flowing water into electricity or pumped water without requiring dam construction. The product has been advanced to TRL-7 prototype status and is protected by a WIPO-PCT registration plus granted patents in the US, UK, and Iran, with the GEDCO brand trademarked in Iran.

GEDCO's business model is multi-pronged and still pre-commercial: it plans to generate revenue from designing, fabricating, and selling microturbines; executing small hydropower EPC projects (including feasibility, consultation, and renovation); selling electricity from owned power plants to end consumers under a future B2C model; trading new and used small hydropower equipment; granting production licenses and sales agency agreements to third parties; and offering hybrid and microgrid network design and consulting. The company does not publicly disclose pricing, has no disclosed revenue, has raised no external funding, and lists no named customer logos.

Its go-to-market targets electricity suppliers and local power distributors as well as small communities and local clients with access to suitable water streams but limited grid or water network access, primarily in Iran but with stated global ambitions. Marketing relies on attendance at the Iran International Renewable Energy Exhibition (2018, 2019, 2022), seminars, webinars, conferences, digital marketing, and LinkedIn/Instagram presence, supplemented by a Bitcoin donation link on its website. The technology received third-party validation in 2023 via the Solar Impulse Efficient Solution Label and the GGA Cleantech Award from the International Trade Council.

Name

Green Energy Development Co.

Legal name

Green Energy Development Co.

Website

https://ged-co.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Green Energy Development Co. (GEDCO) is an Iranian private startup that has developed the Floating Drum Turbine (FDT), an undershot waterwheel microturbine for distributed hydropower generation from rivers and canals. It targets electricity suppliers and small communities near water streams and plans revenue from hardware sales, EPC projects, licensing, and electricity sales.

Ownership category

akta.pro rank

Product category

Micro-Hydropower Equipment

NAICS

Turbine and Turbine Generator Set Units Manufacturing (333611), Engine, Turbine, and Power Transmission Equipment Manufacturing (3336)

SIC

Engines & Turbines (3510), Motors & Generators (3621)

akta.pro industry

PRIMARYEUACAEAH

Turbines, Generators & Hydromechanical Equipment Manufacturing (OEMs)

Energy, Utilities & Environment/Electric Power Generation/Hydroelectric Power Generation (Large & Small Hydro)

SECONDARYEUAMAHAF

Hydropower Turbines, Generators & Balance-of-Plant Equipment Manufacturing

Energy, Utilities & Environment/Renewable Energy (Solar, Wind, Hydro & Geothermal)/Renewable Equipment & Component Manufacturing (Modules, Turbines, Inverters, Towers, Blades)

SECONDARYEUAEADAH

Hydro Balance-of-Plant EPC (Penstocks, Gates, Intake/Outfall, Auxiliaries)

Energy, Utilities & Environment/Energy Infrastructure & Services (EPC, O&M, Field Services)/Renewable Balance-of-Plant EPC (Wind/Solar/Hydro)

SECONDARYEUAEAAAD

Hydropower Plant EPC (Dam, Run-of-River, Pumped Hydro Civil Works)

Energy, Utilities & Environment/Energy Infrastructure & Services (EPC, O&M, Field Services)/Power Generation EPC & Construction

Keywords

• Micro-hydropower turbines
• Run-of-river generation
• Distributed energy equipment
• Small hydropower projects
• Renewable microturbines

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Operations, Supply Chain, Marketing or Sales, Personnel

Revenue model

1. Microturbine Design, Fabrication & Sales: Designing, fabrication, erection, and selling of microturbines along with granting production licenses or sales agency agreements.
2. EPC Project Execution: Project execution of small hydropower plants (high/low/no pressure) including consultation, feasibility study, cost estimation, extending, upgrading, renovation, and optimization services.
3. Electricity Sales from Power Plants: Selling generated electricity from erected power plants to clients in the future (B2C model).
4. Equipment Trading: Procurement, buying, and selling of small hydropower equipment and devices (new/old).
5. Licensing & Production Agreements: Granting production licenses or sales agency to third parties for the microturbine technology.
6. Hybrid & Microgrid Consultation: Consultation, designing, and execution of hybrid and microgrid networks.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Green Energy Development Co. (GEDCO) designs, manufactures, and sells the patented Floating Drum Turbine (FDT), an undershot waterwheel-based microturbine floated on water streams (canals/rivers) for distributed hydropower generation. The company also executes EPC projects for small hydropower plants (high/low/no pressure), provides feasibility studies and consulting for hybrid/microgrid networks, trades new and used hydropower equipment, and grants production licenses or sales agency agreements for the FDT technology.

Product overview

Green Energy Development Co. offers a single core product: the Floating Drum Turbine (FDT) microturbine, an innovative undershot waterwheel system for distributed hydropower generation from water streams. The company also provides related services including small hydropower plant consultation, feasibility studies, project execution, equipment procurement, and hybrid/microgrid network design and execution. The product is protected by WIPO-PCT registration and patents in the US, UK, and Iran.

Differentiator

Problem solved

Functional benefit

Products and services

• Floating Drum Turbine (FDT) Patented microturbine using undershot waterwheel technology floated on water streams via a buoyant skid anchored to the bankside. Converts water flow into electricity or pumps water through a coupled generator/pump. Designed for distributed hydropower generation without dams. Targeted at electricity suppliers, power distributors, and communities with access to canals/rivers.
• Small Hydropower Plant EPC Services Engineering, procurement, and construction (EPC) project execution for small hydropower plants in high, low, or no pressure configurations. Includes consultation, feasibility study, cost estimation, extending, upgrading, renovation, and optimization services. Targeted at utilities and enterprises seeking to develop or refurbish small-scale hydropower installations.
• Hybrid and Microgrid Network Consulting Consultation, design, and execution services for hybrid and microgrid networks integrating the FDT microturbine with other energy sources. Targeted at communities, utilities, and developers building decentralized clean energy systems.
• Hydropower Equipment Trading Procurement, buying, and selling of small hydropower equipment and devices, including both new and used units. Targeted at operators, EPC contractors, and resellers of hydropower equipment.
• Microturbine Production Licensing Granting of production licenses and sales agency agreements for the FDT microturbine technology to third-party manufacturers and distributors. Targeted at industrial partners seeking to manufacture or distribute the FDT in their geographies.

Quantifiable outcome

• Conversion efficiency up to 95% for large hydroelectric installations, 80-85% for installations under 5 MW
• +1 more outcomes

Segments2 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Direct peers

• Canyon Hydro: Canyon Hydro manufactures small hydro turbines (Pelton and crossflow) for low-head and run-of-river installations, comparable to GEDCO in product category, target use cases, and distributed generation customer segments.
• Smart Hydro Power: Smart Hydro Power GmbH manufactures low-head, run-of-river micro hydro turbines for distributed generation from rivers and canals — directly comparable to GEDCO's Floating Drum Turbine product, target customers, and grid-independent use cases.
• Mavel: Mavel a.s. is a Czech manufacturer of small and micro hydroelectric turbines (Pelton, Kaplan, Francis) for run-of-river applications, directly overlapping with GEDCO in equipment manufacturing, target customers, and EPC delivery for small hydropower plants.
• Gilkes (Gilbert Gilkes & Gordon): Gilkes is a UK-based manufacturer of small hydroelectric turbines (Pelton, Turgo, Francis) and EPC contractor for run-of-river projects, directly comparable to GEDCO in small hydro equipment manufacturing and project execution.
• Turbulent: Turbulent develops low-head vortex turbines for distributed hydropower from small rivers and canals, a direct competitor to GEDCO's run-of-river microturbine offering for off-grid and community-scale electricity generation.
• Ossberger Turbinenfabrik: Ossberger specializes in small hydroelectric turbines (crossflow and free-jet) for run-of-river and low-head applications, comparable to GEDCO in distributed small hydro equipment manufacturing and EPC project delivery.

Broad incumbents

• Andritz Hydro: Andritz Hydro is one of the world's largest hydropower OEMs supplying turbines, generators, and EPC for plants from micro to utility-scale; broad incumbent with overlapping small hydro and EPC capabilities versus GEDCO's niche FDT product.
• Voith Hydro: Voith Hydro is a global incumbent manufacturer of large and small hydroelectric turbines, generators, and EPC services; it operates broadly in the same hydropower equipment market as GEDCO but across a much larger portfolio and customer base.

Emerging players

• CINK Hydro Energy: CINK Hydro Energy develops small and run-of-river hydropower projects using standardized equipment, an emerging player comparable to GEDCO in distributed small hydro focus and EPC delivery model.

Others

• International Renewable Energy Agency (IRENA) – Small Hydro Programme: IRENA is not a competitor but an enabling multilateral that promotes small hydropower deployment globally; comparable as an ecosystem participant influencing GEDCO's addressable market, funding flows, and policy support for distributed micro-hydro.

Market position

Strengths3 records

Weaknesses5 records

Competitive moat2 records

Key risks6 records

Customer concentration

• LinkedInlinkedin.com/company/ged-co
• Instagraminstagram.com/g.e.d.co

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Green Energy Development Co.