Mavi Innovations

What Mavi Innovations does

Mavi Innovations Inc. is a Canadian privately held renewable energy company, founded in 2009 and based in the Vancouver area, that designs and deploys hydrokinetic turbine systems for tidal and river energy generation. Its core technology comprises vertical axis hydrokinetic turbines, including the Mi1 turbine and a 10kW floating vertical axis design, integrated with a proprietary power and energy management system that enables hybrid operation between tidal generation, battery storage, and existing diesel grids in remote off-grid environments. Supporting in-house capabilities include CFD modeling for turbine performance prediction, custom site characterization instrumentation (current meters, submersible load cells rated to 6mT), seafloor mapping, and mooring system engineering.

The company operates a sales-led, project-based business model in which each engagement is custom-engineered for a specific site and customer. Revenue streams consist of hardware sales of turbine systems and engineering/professional services covering site assessment, permitting, stakeholder engagement, system design, deployment, and commissioning. The flagship demonstration project, Blind Channel Off-Grid Tidal Power Demonstration (initiated 2015, deployed June 2017), integrated tidal power with battery storage into a remote marina resort's diesel grid on British Columbia's coast, with the entire system installed in just four 1-hour slack tide windows using local divers and a landing craft.

Mavi maintains research collaborations with Université Laval, the National Research Council Canada, and Natural Resources Canada on hydrokinetic turbine array modeling, and has validated its turbine technology through field testing at the Canadian Hydrokinetic Test Centre on the Winnipeg River. The company serves remote coastal communities, marine resorts, and government/academic research institutions, with 1-10 employees and no disclosed funding rounds beyond a $0 entry in 2014. Its broader portfolio also includes a marine ship hull cleaner system, indicating general marine engineering capability beyond pure energy generation.

Name

Mavi Innovations

Legal name

Mavi Innovations Inc.

Website

https://mavi-innovations.ca

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Short description

Mavi Innovations is a Canadian renewable energy company that designs vertical axis hydrokinetic turbines and hybrid tidal-diesel-battery power systems for remote off-grid coastal communities, marine resorts, and research institutions, primarily in British Columbia.

Ownership category

akta.pro rank

Product category

Tidal Energy Systems

NAICS

Turbine and Turbine Generator Set Units Manufacturing (333611)

SIC

Engines & Turbines (3510)

akta.pro primary industry

Tidal Stream Power Generation (In-Stream Turbines) (EUACAJAB)

akta.pro secondary industries

Marine & Hydrokinetic R&D (Tidal, Wave, River Current, OTEC) (EUAMAOAD), Hydropower Turbines, Generators & Balance-of-Plant Equipment Manufacturing (EUAMAHAF)

Keywords

• Tidal power systems
• Hydrokinetic turbines
• Off-grid renewable energy
• Vertical axis turbines
• Marine energy engineering

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Hydrokinetic Turbine Systems: Sale of custom-designed vertical axis hydrokinetic turbines for tidal and river energy applications. Systems are engineered to customer specifications and site requirements, including deployment, installation, and commissioning services.
2. Engineering and Consulting Services: Engineering services including site assessment, tidal current measurements, seafloor mapping, permitting support, power system design, and deployment engineering for tidal energy projects. Services encompass stakeholder engagement and upfront engineering work ahead of deployment.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Mavi Innovations designs, builds, and deploys custom vertical axis hydrokinetic turbines for tidal and river energy generation, along with integrated power management systems that combine tidal power with battery storage and existing diesel grids. The company delivers turnkey tidal power demonstration projects for remote off-grid coastal communities, marine resorts, and government research institutions, supported by site assessment, CFD modeling, permitting support, and field engineering services.

Product overview

Mavi Innovations is a hydrokinetic and tidal energy technology company that offers a portfolio of products and engineering services focused on off-grid tidal power generation. The core product offering includes the Mi1 turbine and the Blind Channel Off-Grid Tidal Power Demonstration Project, which showcases integration of tidal power with battery storage into diesel grids for remote communities. Supporting products include custom instrumentation such as current meters for site assessment, submersible load cells for mooring monitoring, and 10kW vertical axis hydrokinetic turbines. The company also provides engineering services including CFD modeling for turbine performance prediction, turbine array modeling, and marine engineering solutions such as the ship hull cleaner system. The product portfolio is unified around hydrokinetic energy technology development, demonstration, and deployment for remote and off-grid applications.

Differentiator

Problem solved

Functional benefit

Products and services

• Mi1 Turbine

Quantifiable outcome

• Successfully deployed entire tidal power system in four 1-hour slack tide windows
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Université LavalcoreStrategic or Co-development PartnerMavi partnered with Université Laval (ULaval) for modeling of hydrokinetic turbine arrays to provide project development guidelines. This collaboration contributes to the scientific understanding of tidal energy deployment and array optimization.
• National Research Council Canada (NRC)coreStrategic or Co-development PartnerNRC partnered with Mavi on modeling of hydrokinetic turbine arrays to develop project development guidelines. NRC brings national research infrastructure and expertise to support tidal energy technology advancement.
• Natural Resources Canada (NRCan)coreStrategic or Co-development PartnerNRCan collaborated with Mavi on modeling of hydrokinetic turbine arrays for project development guidelines. As a federal department responsible for natural resources, NRCan provides regulatory perspective and national energy policy alignment.
• Canadian Hydrokinetic Test CentreminorStrategic or Co-development PartnerMavi conducted field testing of their Mi1 turbine at the Canadian Hydrokinetic Test Centre located on the Winnipeg River. This facility provides controlled testing environment for hydrokinetic turbine technology validation.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• HydroQuest: French tidal and river turbine developer with ocean test site deployments. Directly comparable as a hydrokinetic turbine developer targeting tidal and river energy markets.
• Sabella: French tidal turbine developer with commercial-scale deployments in Brittany. Comparable to Mavi as a European-style tidal stream turbine developer serving island and remote community markets.
• Simec Atlantis Energy: UK-listed tidal stream developer with MeyGen project. Comparable as a developer of commercial-scale tidal stream turbines targeting utility-scale generation.
• Orbital Marine Power: Scottish tidal stream turbine developer operating the O2 floating tidal platform. Most directly comparable to Mavi as a developer of in-stream tidal turbines for grid and off-grid power generation.
• Verdant Power: North American tidal stream turbine developer with deployments in New York's East River. Closely comparable as a developer of hydrokinetic turbines for power generation in tidal currents.
• Nova Innovation: Scottish tidal energy company deploying arrays of seabed-mounted tidal turbines. Comparable to Mavi as a developer of in-stream tidal turbines, with similar focus on smaller-scale community power.
• Minesto: Swedish developer of tidal kite technology for ocean current power generation. Comparable as a marine hydrokinetic turbine developer focused on low-velocity currents.

Others

• Natural Resources Canada (NRCan) Offshore Energy Research: Canadian federal department supporting marine renewable energy R&D through funding and policy. Comparable as a key ecosystem participant funding and shaping the regulatory pathway for tidal energy developers including Mavi.

Emerging players

• CLEANology: Emerging player in marine and offshore renewable energy systems. Comparable as an emerging developer addressing distributed marine power applications adjacent to Mavi's niche.

Broad incumbents

• ANDRITZ Hydro: Global incumbent OEM of hydropower turbines and generator sets. Comparable as a major turbine manufacturer serving the broader hydro/hydrokinetic equipment market, though focused on conventional hydropower.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

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 Mavi Innovations