Mocean Energy develops offshore power systems built on a decade of at-sea technology for power conversion, mooring, and controls. Its existing Blue Star system has completed 18 months of full-scale testing with international offshore energy companies and is forecast to see first sales in 2028. Mocean’s Blue Core concept combines wave energy, offshore solar, battery storage and on-board GPU racks to create modular offshore AI data center units that each generate about 500 kW–1 MW and connect via low-Earth-orbit satellites. The system targets primarily AI inference workloads and aims to reduce cooling energy to roughly 5% by exchanging heat with the ocean in a closed-loop system. Mocean plans an offshore demonstrator and early commercial deployments from 2030 and has a ten-year target of 6 GW of capacity. The company estimates the approach could avoid about 13 million tonnes of CO2 per year by 2035.

Total raised

$7M

Funding rounds

3

Latest round

Equity

Latest activity

Nov 2023