DRIFT Energy Secures £5m Investment for Revolutionary Clean Energy Project
Key Ideas
- Octopus Ventures and Blue Action Accelerator invest close to £5m in DRIFT Energy for clean energy generation at sea.
- Funding will be used to launch high-performance sailing vessels to produce green hydrogen from deep ocean wind.
- DRIFT Energy aims to target coastal and island communities with its innovative renewable energy solution.
- Investors are optimistic about DRIFT's potential to revolutionize the renewable energy sector.
DRIFT Energy, a start-up focused on generating clean energy at sea using sailing vessels, has received a significant boost with close to £5m investment from Octopus Ventures and Blue Action Accelerator. The funding will be used to launch a fleet of high-performance vessels that harness deep ocean wind to produce green hydrogen, with an initial marketing focus on coastal and island communities. Ben Medland, the founder of DRIFT, expressed gratitude for the support, highlighting the opportunity to advance their mission with this investment. Mat Munro from Octopus Ventures praised DRIFT's innovative approach to renewable energy and expressed excitement about the company's potential to drive change in the sector.