LCIF Investee SME and Schottel Hydro merge plans

Low Carbon Innovation Fund portfolio company Sustainable Marine Energy merges with Schottel Hydro Sustainable Marine Energy (SME), a portfolio company of the Low Carbon Innovation Fund (LCIF) managed by Turquoise, has merged with the tidal energy operations of Germany-based Schottel Group, a manufacturer of propulsion and steering systems for ships. The decision follows the two…