Mocean Energy

Mocean Energy, the Edinburgh-based wave energy company, has successfully secured £5 million in funding to advance the development and pilot deployment of its innovative floating data centre system, Blue Core.Summary of transaction details:Value: £5 millionSector: Clean Energy TechnologyAdvisor: Not mentionedKey Entities: Mocean Energy (Target Company), Undisclosed InvestorsLocation: Edinburgh, Scotland (Target Company Headquarters)Note: This funding round will enable Mocean Energy to address the growing energy demands of AI data centres by providing sustainable, ocean-based power solutions, mitigating grid constraints and offering sovereign infrastructure with its proven wave energy technology.

Investor: MOL PLUS, the University of Edinburgh’s investment fund, Equity Gap, Katapult Ocean, Old College Capital, Scottish Enterprise, Low Carbon Manufacturing Challenge Fund

Investor: EuropeWave