DRIFT Energy Sets Sail to Produce Green Hydrogen at Sea
Key Ideas
  • DRIFT Energy secures £4.65M in seed funding to advance its plans of producing green hydrogen at sea with high-performance sailing vessels powered by deep ocean wind.
  • The company's approach to producing green hydrogen through electrolysis using renewable energy is seen as a significant step in decarbonizing heavy industry, transportation, and manufacturing.
  • DRIFT Energy aims to support energy transitions for over 65 million people living on more than 1,000 islands globally by deploying its innovative vessels.
  • Additional funding from Innovate UK will further accelerate research and development efforts for the company's pioneering vessel design.
DRIFT Energy has successfully closed a £4.65M seed funding round led by Octopus Ventures and Blue Action Accelerator, marking a significant step towards their vision of producing green hydrogen at sea through the use of high-performance sailing vessels. The company's innovative approach involves harnessing deep ocean wind to power the production of green hydrogen via electrolysis, offering a cleaner alternative to traditional 'grey' hydrogen derived from natural gas. This initiative aligns with the increasing demand for clean hydrogen to decarbonize various sectors such as heavy industry, transportation, and manufacturing. In addition to scaling operations, DRIFT Energy is actively working on forming renewable energy partnerships to benefit coastal and island communities globally. The company's participation in the United Nations' 4th International Conference on Small Island Developing States highlighted the opportunities for supporting energy transitions for a substantial population living on islands. With support from key investors and partners, DRIFT Energy aims to bring its vision of sustainable energy, known as "Oceans of Energy," to fruition by developing its first net-positive ship. Furthermore, the company has secured additional funding from Innovate UK to expedite its research and development endeavors, thereby expediting the design process of its pioneering vessel. The focus on green hydrogen production at sea showcases DRIFT Energy's commitment to driving the global transition to clean energy and revolutionizing the way hydrogen is produced and utilized in the maritime industry.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2024 AdvanceH2, LLC. All rights reserved.