Mocean Energy, a Scottish wave energy company, has secured an engineering study with a “major energy operator” to explore integrating its Blue Star wave energy device into offshore projects. This collaboration builds on prior partnerships and highlights the growing demand for renewable ocean energy.
The company is also advancing its crowdfunding campaign, having raised over £378,000 in its private phase toward a £900,000 target. The public phase began today, November 21, 2024, with funds supporting the commercialization and global rollout of hybrid wave, solar, and battery storage solutions.
Mocean Energy estimates the subsea equipment power market to be worth up to £1 billion annually and the broader Blue Economy to exceed $3 trillion by 2030. Recent trials for Blue Star, funded by Shell and TotalEnergies, validated its patented hull design’s ability to maximize energy capture.
In addition to crowdfunding, Mocean Energy has partnered with Proserv and SubCtech to develop low-carbon solutions for offshore industries, targeting applications from subsea equipment to coastal communities.
