A startup growing clear energy-generating boats has secured £5m from Octopus Ventures and Blue Motion Accelerator.
Tub-based DRIFT Vitality is working in the direction of producing vessels that harvest and transport inexperienced hydrogen whereas at sea.
The startup has described its product as “internet optimistic ships” as they’ll harvest power as they transfer by way of underwater generators. The power feeds an onboard electrolyser to provide and retailer hydrogen power.
DRIFT Vitality calls its major product MVY – ‘most dear yacht’ – to explain its local weather influence.
In response to the corporate, the MVY may be deployed to clients at sea to offer inexperienced refuelling companies.
The corporate mentioned its ships navigate by way of optimum climate circumstances primarily based on AI routing algorithms. The algorithm determines the perfect areas to cross by way of and returns the yacht to port when it detects the hydrogen tank is full.
DRIFT Vitality founder and CEO Ben Medland mentioned the brand new funding “allows us to drive with momentum into the following section of our mission”.
The corporate beforehand obtained funding by way of the federal government company Innovate UK.
“We’re extremely enthusiastic about DRIFT and the crew’s potential to cleared the path in growing a really revolutionary supply of renewable power,” added Octopus Ventures investor Mat Munro.
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