Time To ACT (AQSE:TTA) has told investors that its GreenSpur subsidiary has signed a Memorandum of Understanding with Max Nicholas Renewables, trading as MNR Turbines, to jointly develop a hydroelectric generation system combining GreenSpur's axial-flux generator technology with MNR's patented turbine design.
The Aquis-listed specialist engineering group said the companies intend to build an integrated floating hydroelectric system for an inshore run-of-river application, with GreenSpur designing and manufacturing a generator configured for MNR's turbine and MNR leading the turbine, floating platform and site engineering work.
MNR has developed a patented Continuous Maximum Thrust turbine designed to operate in turbulent, shallow and fast-flowing water while scaling beyond the limits that cavitation imposes on conventional hydroelectric technology.
The company claims its turbine, combined with an inlet booster tube, could generate 8 to 10 times more power than current technology in run-of-river applications behind suitable drop structures, and nearly 8 times more power in coastal estuaries, nearshore tidal streams and tidal races.
Time To ACT has spent £33,782 since its last financial year prosecuting patents on GreenSpur's axial-flux generator technology, a platform the group has positioned chiefly for wind energy applications to date.
Jason Moody, chief operating officer of Time To ACT and chairman of GreenSpur, said the collaboration "takes GreenSpur back to its roots", noting its earliest development work was in "wet" generators before the company redirected its focus to wind.
He added that both companies "have developed their technologies with scalability at their core", calling the technical fit "compelling".
Read more about Time To ACT
- 01/10/26Time To Act wins Diffusion Alloys coating order
- 29/09/26Time To ACT turnover rises, September orders near top of range
- 17/09/26Time To ACT reports profitable summer as it creates Thermal Processing division
Chris Heminway, chief executive and chief strategy officer of Time To ACT, said he was "really excited by this collaboration", pointing to the "unlimited configurability" of GreenSpur's platform and welcoming a partner already "prospecting its intended customer base".
Rob Norfolk, founder director of Max Nicholas Renewables, said the combination "converts the MNR turbine's unusually high rotational power into an equally efficient form of electrical power", adding the solution "has the potential to materially outperform existing technologies".
The agreement adds a second application for GreenSpur's generator technology alongside the group's core Diffusion Alloys and Thermal Processing operations, which remain focused on hydrogen and industrial coating markets including the HPP1 project.