Mocean Energy raised UK Pound 730,000 in equity funding to advance the design of its Blue Star wave machine and drive
Mocean Energy raised £730,000 in equity funding to advance the design of its Blue Star wave machine and drive its adoption in subsea oil and gas.
The funding boost will enable the firm to advance the design of its “next-generation” Blue Star wave machine.
Last year the company successfully trialled its Blue X prototype at sea at the European Wave Energy Centre in Orkney and is currently collaborating with partners to advance a demonstrator project, called Renewables for Subsea Power, to show how the technology can be coupled with underwater energy storage to provide reliable low carbon power to subsea equipment and autonomous underwater vehicles.
Visit website to know more about the news: https://www.mocean.energy
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