Drift Energy Sets Sail for Green Hydrogen Future
Key Ideas
- Drift Energy secures seed funding to develop a fleet of sailing ships generating green hydrogen worldwide, aiming to reduce carbon footprint compared to traditional methods.
- The project involves modern sailing vessels using underwater turbines to power on-board electrolyzers, producing and storing gigawatts of green hydrogen in portable containers.
- The company plans to utilize AI algorithms for efficient vessel routing to maximize hydrogen production capacity and cater to hard-to-decarbonize industries like shipping.
- Funding from Octopus Ventures and support from Blue Action Accelerator, along with previous backing from Innovate UK, will drive Drift Energy's vision forward.
Drift Energy, a UK startup, has secured seed round funding to pursue its ambitious goal of deploying a fleet of sailing ships worldwide to generate and supply green hydrogen. The company emphasizes the environmental benefits of producing hydrogen through electrolysis using renewable energy sources, highlighting its lower carbon footprint compared to traditional methods like steam methane reforming. The innovative concept involves high-performance sailing vessels equipped with underwater turbines to harvest energy, powering on-board Megawatt class electrolyzers capable of producing and storing gigawatts of green hydrogen in portable containers. Drift Energy's vision also includes harnessing AI algorithms, such as the 'Goldilocks Algorithm,' for optimal vessel routing to maximize hydrogen production efficiency and cater to industries in need of large hydrogen supplies like shipping. The startup's funding from Octopus Ventures and support from Blue Action Accelerator, in addition to previous backing from Innovate UK, will propel the development of their vessel design program. With plans to start constructing their first vessel in 2025, Drift Energy aims to play a significant role in the energy transition by providing green hydrogen to industries and the shipping supply chain.
Topics
Green Hydrogen
Innovation
Sustainable Energy
Renewable Resources
Shipping Industry
Carbon Footprint
Marine Technology
Venture Funding
AI Algorithms
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