Wavepiston Snags New Investors
technology, shared that two professional investors have invested about $980,000 in Wavepiston via the Dutch joint venture company, The Blue Line B.V. The Blue Line is an initiative from investors Connect the Drops, a Dutch investment fund with a focus on the water sector, and Unknown Group, a Dutch venture capital fund that, among other areas, focuses on investments in the energy transition. The investment marks a milestone in Wavepiston’s mission to revolutionize renewable energy by harnessing the immense potential of ocean waves. With this funding, the company will advance the refinement
New Electrochemical Technology Could De-acidify the Oceans
implemented.These considerations are being researched by various groups funded by the Carbon to Sea Initiative, but much more support is needed to rapidly vet and scale this technology.To overcome the technological challenges and environmental uncertainties, government, industrial, non-profit and venture capital support must be massively scaled and devoted to carefully and responsibly validating the large-scale implementation of OAE technologies around the world.The authorsCharles-Francois de Lannoy, Associate Professor, Chemical Engineering, McMaster UniversityBassel A. Abdelkader, Postdoctoral Researcher
Mocean Energy Raises Funds for Blue Star Wave Energy Technology
its wave energy technologies.The equity funds come from existing investors, including Equity Gap, Scottish Enterprise and Old College Capital, the University of Edinburgh’s venture investment fund, alongside new shareholders Norwegian impact investors Katapult Ocean and MOL PLUS, the corporate venture capital arm of listed Japanese shipping conglomerate MOL.In addition, Mocean has secured a £499,500 Low Carbon Manufacturing Challenge Fund grant, targeted specifically at the detailed design, build, and testing of key subsystems for their small-scale Blue Star wave energy machine.The low-carbon
HydrogenOne Invests in Thermoplastic Composite Pipe Maker Strohm
dedicated to clean hydrogen, has agreed to invest £8.4m (EUR 10m) in Strohm, a company manufacturing Thermoplastic Composite Pipes (TCP) for offshore energy applications.HydrogenOne is investing alongside Strohm’s existing investors Shell Ventures, Chevron Technology Ventures and Evonik Venture Capital, in the first close of a funding round totalling £11.8m (EUR 14m). HydrogenOne may also invest up to a further £1.7m (EUR 2m) in the second close of this funding round, which is anticipated to be at least £5.1m (EUR 6m) in aggregate in addition, expected later in 2022.Following
MTR100: Saildrone takes USVs to the Next Level
Saildrone takes USVs with full ocean capability to the next level, as Richard Jenkins, Founder & CEO, explains.Started in 2014, Saildrone has emerged as a leader in the Unmanned Surface Vessel (USV) space, having received more than $100m in venture capital to date with more than 100 vehicles manufactured and 30 in the water. “Saildrones are wind and solar powered USVs, which are augmented by onboard power solutions,” said Jenkins. Saildrone has three models of vehicles: the Explorer, the Voyager and the Surveyor. The 23-ft. Explorer is wind and solar powered, designed to conduct long
Michael Johnson, Sea Machines: MTR's #3 Ocean Influencer
their U.S. tax paying stakeholders have an appreciation for homegrown technology that has been proven in the commercial world,” said Johnson. When one starts taking the US DoD and autonomy path, one usually starts running into the realm of long-tenured, giant corprations. “A quick-moving venture capital backed company like ours needs to wisely chart our course,” said Johnson. “Part of that is through the relationships we have in the industry. And you see the partnerships that we’ve jointly announced going back to 2018 with AP Moller Maersk, and then last year major strategic
Seed Funding to Commercialize ANB's pH Sensing Tech
ANB Sensors reports it has secured "a sizeable, oversubscribed investment round" to enable commercialization of its novel calibration-free pH measuring technologiesThe financing is a co-investment by Hatch Blue, an early-stage aquaculture venture capital firm and angel investors, experienced industry professionals represented by Namier Capital Partners.ANB Sensors is aiming to provide a solution to meet the demands required for a truly networked solution. The tech is based on a voltammetric electrochemical technique to verify the performance of the reference electrode and calibrate it
EC-OG Raises Funds for Subsea Battery System
in the emerging subsea clean energy market. The new funds will allow us to accelerate scale-up of our automated battery manufacturing capability, significantly reduce the time from order to deployment and ensure we maintain excellent service support as the business grows.”Par Equity, a venture capital firm based in Edinburgh that specializes in investing in innovative technology companies, was joined by existing investors, Orchard Venture Capital and Scottish Investment Bank. Simmons Energy, a division of Piper Sandler, acted as an exclusive corporate finance adviser to EC-OG throughout the
Efficient Wave-Generated Power … Really!
, $1m for computer modeling, $1m for a scale model, about $12m for the final prototype unit, and $4m for two-year sea trials.“I’ve just submitted a White Paper to the Office of Naval Research for that full budget,” said van Hemmen. “On the commercial side we will approach venture capital sources for funding, too. Then we have DOE applications in for subsystem development.”Think Global, Act (NJ) Local“Certain projects are so big that they need a national or a global view and presence. This particular technology does not require that huge amount of investment,&rdquo
February 2025
