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- Advanced OSW Anchors, Nordic Green Fund, and Next Gen Maritime Fuels
Advanced OSW Anchors, Nordic Green Fund, and Next Gen Maritime Fuels
Plus Biden’s Last OSW Push and CorOcean’s Wave Energy
Will Lutz
December 23, 2024
Happy Holidays Christmas Friends,
The holiday season has started in earnest in our house. While you’re wrapping presents and baking cookies, the OceanTech ecosystem is not slowing down.
My friend Judith’s Blue Excellerator program opened applications for its 5th Cohort. Judith has been such an awesome supporter of the BlueTech ecosystem, this program is a solid accolade for any early-stage BlueTech startup.
Have a good holiday break, whichever holiday you may celebrate!
Best,
Will
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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.
⚓️ Offshore anchoring systems firm, Triton Anchor raised a $2.2M seed co-led by MWNW Consulting Group with OS Impact Investment, Katapult Deep Ocean Blue Fund, the Massachusetts Clean Energy Center (MassCEC), and Triton Early Growth Fund. | More from FinSMEs
More OceanTech News
Some of the OceanTech articles we liked. Not fundings necessarily, but some great stuff:
🌊 European Investment Bank Backs CorPower Ocean’s Wave Energy Project | Swedish company CorPower Ocean’s wave energy initiative in Portugal has gained backing from the European Investment Bank . . . | More from Offshore Energy
💰 EIF Invests €25M in Nordic Green Tech Fund Momentum | The new fund will invest in around 20 early stage companies within climate tech, including in the blue economy, in the European Union and the Nordics. | More from Impact Investor
🛳 UK Start-up Launches Prototype Autonomous Vessel Backed by Government Funding | Liquid hydrogen-fuelled ship was built on the Isle of Wight and launched in Plymouth | More from Tradewind News
More Ocean Sustainability News
Even if it isn’t tech, that doesn’t mean we don’t love reading these pieces:
💨 Biden Administration Approves Eleventh U.S. Offshore Wind Project | Racing to put the offshore wind industry on a sound footing before the close of the Biden administration, the Department of the Interior today approved what will become the eleventh large-scale offshore wind farm off the coastal United States. | More from Maritime Executive
🚢 Norway Awards $100 Million to Advance Ammonia, Hydrogen, and Electric Ships | The Norwegian government through its Enova SF project designed to accelerate environmental-friendly technologies awarded a total of approximately $108 million in funding to 14 projects for ammonia, hydrogen, and battery-powered ships and the supporting technologies. | More from Maritime Executive
🚤 H-Line to Use Ai-Based Navigation Systems on 30 Vessels | South Korean shipowner to install systems from HD Hyundai venture. | More from Tradewind News
⛽️ Navigating Methane Slip: A Key Step Towards Maritime Decarbonization | As the shipping industry embraces liquefied natural gas (LNG) as a transitional fuel on the road to the 2050 net-zero emissions target set by the International Maritime Organisation (IMO), understanding and mitigating methane slip—the unintended release of unburned methane during the combustion process—becomes imperative for vessel owners and operators. | More from Maritime Executive