Ocergy 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 technology and OCG-Data environmental monitoring buoy.
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 integrated environmental data-gathering and support for biodiversity.
CTV has a 22-year history of investing in startups across a wide cross-section of energy innovation and a track record of collaboration to bring innovation to scale. The Ocergy investment is made from CTV's Future Energy Fund, which identifies technology solutions needed for the energy transition,