British startup DRIFT Energy has secured funding to enable the development of a sailing vessel that can harness deep ocean wind to produce green hydrogen at sea.
Led by Octopus Ventures and supported via the Blue Action Accelerator, the initiative has received up to £4.65m ($5.9m), with the aim of beginning vessel production next year (2025).
It will be the “first” green hydrogen-producing DRIFT ship, with the funds used to bolster the company’s vessel design programme, support team growth and enable the onboarding of new partners in 2025.
“Octopus Venture is a prolific and experienced investor in the field of deep tech, and we are thrilled to announce their investment in DRIFT,” explained Ben Medland, DRIFT Founder and CEO.
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