We are thrilled to announce that ZOEX Power, the forward-thinking clean energy innovator, has successfully raised $700,000 in funding. This milestone not only highlights the confidence investors have in our groundbreaking technology, but it also propels our ambitious journey toward revolutionizing marine energy capture. ZOEX Power is pioneering an innovative clean energy system designed for attachment to breakwaters, marine platforms, barges, and various other marine structures. Our design harnesses proven, robust components and incorporates unique features to enhance power capture, utilization, and survivability in challenging marine environments. A key element of our technology is the ZOEX ActiveFender, which not only delivers clean power but also protects against impact damage while significantly enhancing pitch and roll stability of marine installations.
The $700,000 raised plays a critical role in supporting our next phase—the first pre-commercial demonstration project. Having completed our conceptual design and feasibility studies, and having assembled a world-class consortium of development partners, we are poised to validate our technology in real-world settings. The infusion of funds will enable us to accelerate development, scale up our demonstration project, and establish robust partnerships with additional investors and industry leaders. Our goal is to prove the effectiveness of our marine energy solution while paving the way for widespread adoption and a cleaner, more resilient energy future for coastal and marine applications. With this important funding milestone, ZOEX Power is energized to lead the charge in delivering sustainable, reliable energy solutions that not only protect our marine infrastructure but also contribute to the global effort in reducing carbon emissions.
