DRIFT Energy Secures Funding to Produce Green Hydrogen at Sea
Key Ideas
  • DRIFT Energy, a British startup, has closed a $6m seed funding round led by Octopus Ventures to produce green hydrogen at sea.
  • The company plans to deploy high-performance sailing vessels that use deep ocean wind to generate green hydrogen for global distribution.
  • This initiative demonstrates a commitment to driving the transition to clean energy worldwide and reducing carbon emissions in the maritime industry.
DRIFT Energy, a British startup, has successfully closed its seed funding round, raising $6 million led by Octopus Ventures. This funding will allow the company to commence vessel production in 2025. DRIFT Energy aims to revolutionize the maritime industry by producing green energy at sea using sailing vessels. The company's innovative approach involves harnessing deep ocean wind to generate green hydrogen, which will then be delivered globally. This initiative is part of DRIFT Energy's broader mission to drive the transition to clean energy worldwide. By utilizing high-performance sailing vessels, the company is set to make a significant impact in reducing carbon emissions in the maritime sector. The funding secured from Octopus Ventures signifies a strong endorsement of DRIFT Energy's vision and technological advancements in sustainable energy. With the support of this funding, DRIFT Energy is on track to pioneer a new era of eco-friendly maritime transportation.
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