BlueX | 10-2-2023 | Chinese Hydrogen, EV Boats, and Coho Salmon

Happy October OceanTech friends. I’m getting back into my usual grove after the SOSV ClimateTech Summit - which was a blast (and really informative). If you didn’t make it, put a reminder on your calendar for next year, it is a must-go.

I was told this week that I don’t share enough on LinkedIn. I am going to attempt to remedy that. Follow the new BlueX News page on LinkedIn.

AND, if you like this free newsletter and what I’m doing with it, do me a favor and share it on LinkedIn (or your social media of choice).

OceanTech Fundings

The main event. Startup investment announcements in OceanTech.

🐡 LocalCoho, an aquaculture start-up that raises coho salmon in a land-based recirculating aquaculture system, has raised a multi-million-dollar investment from Cuna del Mar for expansion and commercialization. | More from The Fish Site

🌊 Hydrexia, an integrated hydrogen technology solution provider, closed its Series D financing led by Qingdao Ocean Investment Group joined by previous rounds investors SB China Venture Capital, Yixing Environment Science & Technology Fund, MY Tsinghua Capital, and others. | More from FinSMEs

🚤 Arc, an EV boat startup, has raised $70M in its Series B funding round led by Eclipse, Andreessen Horowitz, Lowercarbon Capital, Abstract Ventures and Menlo Ventures. | More from TechCrunch

💦 Large-scale green hydrogen project firm InterContinental Energy raises $115M to grow a portfolio of green hydrogen projects. | More from Offshore Energy

More OceanTech News

Some of the OceanTech articles we liked. Not fundings necessarily, but some great stuff:

🌊 Best-in-class accelerator BlueSwell welcomes fourth cohort of startups | Five new BlueTech startups target areas including decarbonization, ocean data collection, and cellular agriculture. | More from BlueSwell

🌎 HydroQuest launches crowdfunding campaign to support tidal energy activities | French tidal energy company HydroQuest has launched a crowdfunding campaign, targeting €1.5 million to meet the objectives of a major FloWatt tidal energy project. | More from Offshore Energy

🦑 $2M Grant For Innovative Project Turning CO2 Into Sustainable Fish Feed | UC Santa Cruz‘s ecological aquaculture research team has been awarded a $2 million grant from the Department of Energy. | More from Carbon Harold

More Ocean Sustainability News

Even if it isn’t tech, that doesn’t mean we don’t love reading these pieces:

⛴️ Ecospray Successfully Tests Onboard Two Carbon Capture Technologies | Ecospray, the Italian company specializing in integrated solutions for the sustainable conversion of maritime and land-based industries, announced . . . | More from Carbon Harold

⚡️ US DOE backs six small marine energy projects with nearly $7M R&D funding | The U.S. Department of Energy (DOE) has supported six small business-led marine energy projects with close to $6.8 million in an effort to drive innovation in the marine energy industry. | More from Offshore Energy

🛟 California takes big first step toward floating offshore wind | California has a goal of building gigawatts of wind power off its coast by the end of the decade. To meet that goal, it has to create a floating offshore wind industry from scratch. | More from Canary Media

OceanTech Jobs

There are a ton of career opportunities in this broad ecosystem. Are these right for you?

🌽 Agricultural water management firm Goguru is looking for a Director of Software and Systems. (San Diego)

🚤 Electric hydrofoil boat firm Navier is looking for a Mechanical Engineer. (Alameda, CA)

💾 CDR registry and science platform Isometric is looking for a Communications Lead. (NYC or London)

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