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Ocergy Successfully Concludes its Series A Equity Fundraising Round with Investments from Moreld Ocean Wind and Chevron Technology Ventures
Funding Positions the Company for Growth in the Offshore Wind Space
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CARSON CITY, Nev., April 13, 2021 /PRNewswire/ Ocergy, Inc, announced it has secured investments from Moreld Ocean Wind (MOW) and Chevron Technology Ventures (CTV). The Series A round will fund Ocergy s growth and the commercialization of its sustainable offshore solutions, the OCG-Wind Floating Offshore Wind Turbine (FOWT) technology and OCG-Data environmental monitoring buoy.
Ocergy s OCG-Wind & OCG-Data platforms
Successful close of this round validates the industry s potential to grow offshore renewable energy. Ocergy s low-cost floating offshore wind turbine foundation has the potential to meet local supply chain and industrialization requirements with clear value, and the OCG-Data buoy technology enables integ
13 April 2021 12:51 GMT Updated 13 April 2021 15:49 GMT
US international oil company Chevron has joined European peers Shell, Total and Equinor in throwing its weight behind the industrialisation of the floating wind power sector, with the supermajor partnering with Norwegian industrial group Moreld to prototype a new design from technology developer Ocergy that is in the frame for installation in the Atlantic by 2025.
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Chevron, the first American oil player to announce plans to invest in floating wind as part of a longer-term energy transition strategy, will finance its side via the $100m Future Energy Fund (FEF) set up under its Chevron Technology Ventures (CTV) arm.
13 April 2021 14:34 GMT Updated 13 April 2021 14:34 GMT
Chevron has joined Europe s Shell, Total and Equinor in throwing its weight behind the industrialisation of the floating wind power sector.
The supermajor is partnering with Norwegian industrial group Moreld to prototype a new design from technology developer Ocergy that is in the frame for installation in the Atlantic by 2025.
Chevron, the first US oil player to announce plans to invest in floating wind as part of a longer-term energy transition strategy, will finance its side via the $100 million Future Energy Fund (FEF) set up under its Chevron Technology Ventures (CTV) arm. Period of rapid innovation