XOCEAN has secured a grant of €1.7m from the European Maritime and Fisheries Fund (EMFF) and CINEA through the Blue Economy Window program to bring to market XOCEAN’s innovative, high-performing, low-carbon Uncrewed Surface Vessels (USV) aimed at the commercial ocean data collection sector.
The funding will support the product market launch in Europe, North America and Asia resulting in over a thousand direct and indirect jobs in 3 years.
XOCEAN’s pioneering USV platform offers significant benefits including safety with operators remaining onshore, efficiency with 24/7 operations and environmental with ultra-low emissions (emitting 1,000 times less carbon than traditional survey vessels) which together leads to significant economic savings.
To date, XOCEAN has operated in 14 countries, delivering over 100 projects including seabed surveys on 16 offshore wind farms for clients such as SSE Renewables and Ørsted. In the last 12 months, XOCEAN has doubled the size of its team to 82.
Commenting on the funding, James Ives, CEO, XOCEAN said “We are delighted to be partnering with the European Maritime and Fisheries Fund of the European Union on this project. Our USV platform has demonstrated itself to be a safe, reliable and low carbon solution for the collection of ocean data. This project will support our technology development and ready our business for large scale market growth.”