BlueX | 5-13-2024 | Wastewater Treatment, Austrial Electrolyzers, and Ocean 14's €201 Million

BlueX Friends,

I hope you had a happy and relaxing Mother’s Day. I spent the day cooking, cleaning, and keeping the kids busy so Momma Lutz could put her feet up.

The NYC OceanTech Summit is this week! I am pumped!! We’re running this thing on the 16th and 17th in partnership with Vendee Globe. A big thank you to the summit’s supporters:

• Seaking Blue

• Propeller VC

• Activate

• Newlab

• Investable Oceans

This week is New York’s Offshore Wind Innovation Hub is hosting the Wind-Win Startup Showdown to celebrate the program’s finalists and do some killer networking. May 15th, Brooklyn.

Special job opportunity. Our friends over at NOWRDC are looking for a Marketing and Policy Intern. I’ve gotten to know the NOWRDC team over the past year and can tell you how wonderful and smart this team is. This would be a great opportunity.

-Will

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OceanTech Fundings

The main event. Startup investment announcements in OceanTech.

🚰 Wastewater treatment tech firm Ecogranular raised €174,000 from BeAble Capital. | More from Tech.eu

🫧 Australian electrolyzer firm Hysata raised $111 million in Series B from BP Ventures, Templewater, IP Group Australia, Kiko Ventures, Virescent Ventures, Hostplus, Vestas Ventures and BlueScopeX. | More from Offshore Energy

More OceanTech News

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

💰 Sustainable Blue Economy Fund Ocean 14 Capital Raises €201 Million | Ocean sustainability solutions-focused private equity growth firm Ocean 14 Capital (O14C) announced today that it . . . | More from ESG Today

🌤️ Floating Solar Startup SolarDuck Completes Installation in Tokyo | Renewable power startup SolarDuck has completed the installation and commissioning of a floating solar demonstration project in the Tokyo Bay area. | More from Maritime Executive

⛽️ Report: Transition to E-fuels for Shipping Could Create Four Million Jobs Worldwide | Global Maritime Forum estimates £3.2tr investment needed to ramp up production of fuels made from renewable power and green ammonia | More from Business Green

More Ocean Sustainability News

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

🛥 $94M Summit Ridge Capital Deal Fuels CMM's Green Fleet Expansion in Brazil | In a significant stride toward sustainable maritime operations, Compagnie Maritime Monegasque (CMM) announced the closing of up to $94 million in financing. | More from PR Newswire

⚓️ U.S. Navy Christens its First Fully Purpose-Built “Overlord” USV | The U.S. Navy has christened the third unmanned surface vessel in its "Overlord" program, taking another step towards building its fleet of seagoing USVs.  | More from Maritime Executive

🛫 Wing-in-Ground Craft Startup Regent Secures $300M Leasing Deal | Regent, the manufacturer of a line of battery-electric wing-in-ground craft, has secured a $300 million purchase-and-lease agreement with green shipping finance company Monte Maritime. | More from Maritime Executive

OceanTech Jobs

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

🛰️ Space intelligence company PierSight is looking for an Assembly Integration & Test Engineer

🌊 Saltwater CDR company Banyu Carbon is looking for a Head of Engineering.

🤖 Maritime robotics company Fleet Robotics is looking for a Magnetics & Electrical Engineering Co-op.

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