Updated: Apr 21

A £40M valuation!

The valuation must be reasonable, taking into account a sensible scenario.

To determine the company’s worth, we conducted our own valuation considering the team’s time investment, the company’s fundraising, the Government support, personal contributions, and an evaluation of the current potential value of the Intellectual Property (IP). The results of this assessment are presented in Table 1.

Business Valuation Calculator

In November 2022, TWEFDA conducted an evaluation using a Business Valuation Calculator, determining the value to be £6,479,248. This assessment took into account no more than just a single machine, including a sole GB patent application and a PCT filed on 1st June 2022, which initially covered only the UK.

Presently, TWEFDA holds a patent pending status across Europe, the USA, Canada, and China, offering a value proposition that encompasses not just one, but potentially up to four machines within a single hardware unit. Additionally, there have been advancements related to the TWEFDA Hub and various innovative areas, such as the Weight Changing Energy and the Delay in falling, showing significant disruptive potential.

On 26/03/2026 TWEFDA received a Decision to grant a European patent pursuant to Article 97(1) EPC. The decision took effect on 22/04/26, which is the date where the grant was published in the European Patent Bulletin 26/17.

Considering these developments, we are confident that the calculation of the IP value is reasonable, hence the £40M accumulated valuation in October 2024.

Comparing progress

Valuing intellectual property can present significant challenges. In order to assess its worth, we conducted an analysis of a leading wave energy developer in the industry. We devised an equation that incorporates three key data points representing the minimum, maximum, and average investment figures, each aligned with specific timeframes.

Figure 1 displays the projected value of the Intellectual Property for a Wave Energy Developer.

The outcome of the study is shown in Figure 1.

Since our priority date is 19/05/2021, 3.41 years have ellapsed. Bringing them to the scale of progress of our chosen Wave Energy Developer, this results in a value of some £16.77M.

Many assumptions can be made from this end since there are 2 main developments in the TWEFDA Association (the ESWave and the TWEFDA Hub – otherwise called Offshore Hybrid Assets). This could take the valuation to some £33M.

Nevertheless, there are also 4 machines in one single piece of hardware. This could take the valuation to some £66M. Also there is a possibility to bring generation or storage on demand.

Finally is all down to market and the market potential is immense (some £384B in 2028 according to our assessment in the post Securing your Investment).

With all this in mind, and having into consideration the probability for success but also the fact that the technology is not proven yet (3 out of 4 machines are among us in other devices and the fourth is backed by peer reviewed desktop proof of concept), we concluded that the value of our development is no less than £40M in October 2024.