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- BlueX | 7-8-24 | Circular Economy, Autonomous Boating, and Sustainable Fuels
BlueX | 7-8-24 | Circular Economy, Autonomous Boating, and Sustainable Fuels
Plus Alaskan Tidal Energy and Wave Energy
Will Lutz
July 08, 2024
Friends,
I want to start this week by wishing Jake Russell the absolute best with his next endeavor. Jake is moving on from Propeller VC and co-founding an ocean robotics startup: Orpheus Ocean. Jake has been a leader, a community builder, a trusted confidant, and a friend. I wish him all the best with this new phase and I am certain Orpheus Ocean will do amazing things with Jake at the helm.
If you like this free newsletter and what I’m doing with it, do me a favor and refer it to a friend OR share it on social media.
About this Newsletter: BlueX is a weekly newsletter that scours the internet for venture and startup news as well as jobs related to OceanTech.
OceanTech Fundings
The main event. Startup investment announcements in OceanTech.
♵ Circular economy (styrenic plastics) company Polystyvert raised $16M in Series B led by Infinity Recycling with SWEN Blue Ocean, and Earth Foundry. | More from FinSMEs
🛶 Autnonmous boat tech company Roboat raised €550K from LUMO Labs and SHIFT Invest. | More from Tech.eu
💧 Aether Fuels, a sustainable fuels company for maritime and aviation industries, raised $34M led by AP Ventures with Chevron Technology Ventures, CDP Venture Capital, Zeon Ventures, Xora Innovation, TechEnergy Ventures, Doral Energy-Tech Ventures, Foothill Ventures and JetBlue Ventures. | More from ESG Today
More OceanTech News
Some of the OceanTech articles we liked. Not fundings necessarily, but some great stuff:
🌊 Danish Wave Energy Device Nears Commercialization With New Grant and Govt Support | Danish company Crestwing has secured funding from the Den Danske Maritime Fond to support the technical development of Tordenskiold, its wave energy device prototype. | More from Offshore Energy
🐙 Alaskan Project to Use Idle Fishing Vessels for Tidal Energy Capture | Alaskan hydroelectric technologies startup Sitkana has partnered with Sandia National Laboratories on a project that aims to use idle fishing vessels during Alaskan winters for tidal energy capture. | More from Offshore Energy
More Ocean Sustainability News
Even if it isn’t tech, that doesn’t mean we don’t love reading these pieces:
🔬 Activate Introduces Its Next Cohort | Activate’s 62 new fellows are driving meaningful change toward a sustainable and equitable society. | More from Activate
🛥 Green Shipping Fleet Growing as More Newbuilding Orders Were Placed in 2024 | Clarksons Research have today released their latest Green Technology Tracker, including first half 2024 data points, charting the progress of alternative fuel uptake and investments in energy-saving technologies across the global shipping fleet. | More from Hellenic Shipping News
🌤️ Nova Innovation and RSK Establishes Floating Solar Joint Venture | Scottish tidal energy developer Nova Innovation and RSK have launched AuqaGen365, a joint venture (JV) set to design, build, and install floating solar power stations across the globe. | More from Offshore Energy