Company has developed low-carbon fleet of uncrewed vessels that can remain offshore for extended periods
Louth-based XOcean has raised €115 million in funding that will support the growth of its platform and fund expansion in global markets.
Founded in 2017 by former OpenHydro chief executive James Ives, Xocean has developed a fleet of uncrewed surface vessels that can remain offshore for extended periods, collecting large volumes of ocean data. The vessels combine advanced sensors, real-time communications and post-processing expertise, are low carbon and remotely operated.
“We believe this investment represents a distinct opportunity at the intersection of the energy and oceans sectors,” said Dr Francis O’Sullivan, managing director for S2G. “Working with many of the world’s leading energy companies, XOcean has reimagined how the geophysical data central to unlocking the blue economy’s potential can be delivered.”
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