Ocergy, a US outfit developing a floating wind platform, has secured investments from Moreld and Chevron Technology Ventures.
The Series A round will fund Ocergy’s growth and the commercialisation of its sustainable offshore solutions, the OCG-Wind floating foundation and OCG-Data, an environmental monitoring buoy.
Ocergy claims its low-cost floating offshore wind turbine foundation has the potential to meet local supply chain and industrialisation requirements, while the OCG-Data buoy technology enables integrated environmental data-gathering and support for biodiversity.
In addition to funding, Moreld has announced the formation of MOW, a company focused on delivery of engineering, procurement, construction, and installation (EPCI) contracts in floating wind.
Ocergy CEO Dominique Roddier said: “We are delighted about this partnership as it will allow Ocergy to advance and commercialise its innovative technologies.
“With MOW onboard we gain a trusted partner who will be able to provide an engineering, procurement, construction and installation solution for OCG-Wind, a key requirement for many of our clients.
“We are excited to have gained Chevron’s investment and look forward to potential opportunities for their guidance and expertise executing some of the most complex offshore projects in the world.”
MOW has recently hired industry veteran Kristian Ravn to serve as the company’s CEO.
He said: “MOW will be the spearhead of our combined knowledge within the Moreld group of companies.
“MOW will bring project execution and technical expertise to fully integrated and dedicated EPCI project teams to execute swiftly and flawlessly our EPCI contracts.
“Supported by our parent- and fellow subsidiary companies, MOW will be able to work with developers to ensure projects are delivered on schedule and on budget.”