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New Investment Announcement
Legacy Kingdom Fund is excited to announce the addition of Flex Marine Power (FMP) to our portfolio.
The founders of Flex Marine Power seek to unlock the enormous tidal energy resources found in our oceans, enabling people and communities around the world to thrive. They seek to create the aroma of Christ in and through their business.
Why Tidal Energy?
Existing renewable energy sector solutions aimed at addressing the climate change emergency, namely solar and wind, have inherent drawbacks due to their unpredictable intermittency which makes it impossible to reliably model the energy generated to any great certainty. This has resulted in a renewed focus on tidal energy technology, which provides a flow of energy that can be meticulously predicted over many years ahead, and will be a key component in successfully transitioning from fossil fuels to a global holistic renewable energy solution.
Flex Marine Power Ltd (FMP) has developed an innovative, lightweight tidal turbine for the distributed energy market. The FMP symbiotic approach equips and leverages value from local, third-party assets and capability already available in the locations in which many tidal resources are situated. This focus has produced an affordable, accessible and scalable solution.
The FMP mission is to achieve positive impact through providing profitable technology and services which empower our customers and tidal communities to strengthen their economic base and wellbeing. The unwavering focus of FMP has been to design and build a machine which has been optimized to provide low-barrier access to tidal energy.
This aligns the FMP product with expanding global markets as well as distributed energy production in the UK, contributing to energy resilience in addition to net zero ambitions. The FMP model targets a more immediately available market for tidal energy, enabling clients to harness tidal resources otherwise stranded for lack of transmission grid infrastructure, large-scale specialist supply chain capacity, or revenue support.
Kingdom of God
In addition to reflecting the kingdom of God through its economic and environmental care and concern for often-overlooked communities, Flex Marine Power aims to catalyze projects in countries such as Indonesia which create job opportunities for appropriately skilled missionaries. The strategic combination of economic opportunities alongside intentional access for those who bring the good news of Jesus makes an investment in FMP effective and far-reaching.