We're excited to announce that ZOEX Power Ltd has successfully raised £531,000 to further develop its revolutionary clean energy solution for the marine environment. This new funding round is a significant milestone for a company that is setting new benchmarks in clean energy and marine structure protection. ZOEX Power Ltd is pioneering an innovative system that attaches seamlessly to breakwaters, marine platforms, barges, and other marine structures, harnessing clean power while offering robust protection. Their system employs proven, durable components, enhanced with unique design features that maximize power capture and utilisation while ensuring high survivability under challenging marine conditions.
In addition to generating clean energy, the ZOEX ActiveFender component has been specifically designed to safeguard structures against impact damage and improve pitch and roll stability. This dual capability not only bolsters energy efficiency but also enhances the safety and longevity of the marine installations, making it a compelling solution in today’s environmentally conscious market. With the conceptual design and feasibility studies already completed, and a world-class consortium of development partners in place, ZOEX Power Ltd is now poised to take the next critical step: launching the first pre-commercial demonstration project. The infusion of £531,000 will be instrumental in securing additional partners and investment opportunities required to bring this high-impact project to fruition.
This funding announcement marks an exciting chapter for ZOEX Power Ltd, affirming investor confidence in the company’s innovative approach to clean energy and marine infrastructure resilience. The journey ahead promises not only to bolster clean energy initiatives but also to reshape how we protect and utilise our marine assets, ensuring a sustainable future for energy and environmental safety.
