Mocean Energy

What Mocean Energy does

Mocean Energy is an Edinburgh-based wave energy technology company that engineers hybrid offshore renewable power platforms combining ocean wave energy, solar generation, and onboard battery storage to deliver "always-on" local power and communications for subsea and remote offshore equipment. Its commercially available Blue Star 10 system delivers 10 kW of wave energy plus 2 kW of solar, with a higher-capacity Blue Star 20 in development for power-intensive applications such as all-electric CCS, and a larger-scale Blue Horizon platform targeting 1-2 MW by 2030 for utility-scale use cases. The underlying technology uses geometry-driven energy conversion with sloped wave channels, passive weathervaning, and a passive survivability design that allows the platform to submerge through extreme sea states, validated through multi-year North Sea deployments including the Renewables for Subsea Power and OceanPULSE programs.

The company sells hardware systems alongside operator-commissioned engineering studies and consulting, with no publicly disclosed pricing. Go-to-market combines a structured direct engagement pathway (Explore, Evaluate, Study, Pilot, Deploy) with a partner-led delivery model involving Tier 1 integrators (Shell, TotalEnergies, Harbour Energy, Serica Energy, PTTEP as operator partners; Proserv, Verlume, FDL, Morek, Astrimar as supply chain partners), supported by offices in Edinburgh, Aberdeen, Orkney (EMEC deployment site), and Houston. The company has raised approximately £7.3M in disclosed funding across multiple rounds between 2020 and 2023 from Equity Gap, Katapult Ocean, MOL PLUS, Old College Capital, Scottish Enterprise, Innovate UK, Wave Energy Scotland, and EU/EuropeWave programmes, and in February 2026 publicly warned of potential collapse following Scottish Government cuts to Wave Energy Scotland funding.

Name

Mocean Energy

Legal name

Mocean Energy

Website

https://mocean.energy

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Mocean Energy develops hybrid offshore renewable power systems combining wave energy, solar, and battery storage to deliver reliable local power for subsea and remote offshore operations, serving oil and gas operators, CCS developers, and adjacent blue economy sectors.

Ownership category

akta.pro rank

Product category

Offshore Renewable Power Systems

NAICS

Electric Power Generation (22111), Other Electric Power Generation (221118)

SIC

Electric Services (4911), Engines & Turbines (3510)

akta.pro primary industry

Wave Energy Converter (WEC) Power Generation (EUACAJAC)

akta.pro secondary industries

Marine & Hydrokinetic R&D (Tidal, Wave, River Current, OTEC) (EUAMAOAD), Marine Power Generation & Energy Storage (Generators, Batteries, UPS) (IMAJAJAB)

Keywords

• Wave energy converters
• Offshore renewable power
• Subsea power systems
• Hybrid energy platforms
• Marine energy technology

Headquarters

HQ city

Edinburgh

HQ country

United Kingdom

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Supply Chain, Operations, Infrastructure

Revenue model

1. Offshore Renewable Power Systems: Sale and deployment of hybrid wave/solar/battery power systems (Blue Star 10 and Blue Star 20) for offshore and subsea applications. The company engineers and deploys complete power systems for real-world operations at sea, providing local power and communications for remote offshore equipment such as actuators and sensors.
2. Engineering Studies and Consulting: Operator-commissioned engineering studies that assess feasibility and quantify techno-economic impact. Working independently or with Tier 1 partners, these studies generate insight needed to solve electrification and integration challenges, unlock projects, and advance combined offerings.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Mocean Energy engineers and deploys hybrid offshore renewable power systems that combine wave energy conversion, solar generation, and onboard battery storage to deliver reliable, always-on local power and communications for subsea and remote offshore operations. Its commercially available Blue Star 10 system delivers 10 kW of wave energy and 2 kW of solar, with higher-capacity Blue Star 20 and Blue Horizon variants in development.

Product overview

Mocean Energy offers a platform-plus-products architecture centered on its hybrid renewable power system. The core system combines wave energy, solar generation, and battery storage into a standalone offshore power platform. The commercially available Blue Star 10 delivers 10 kW of wave energy with 2 kW solar capacity. Blue Star 20, currently in development, provides higher capacity for power-intensive applications including all-electric CCS. Blue Horizon represents the larger-scale technology roadmap targeting 1-2 MW capacity for utility-scale applications. All products share common design principles, qualified subsystems, and software optimization tools, allowing the platform to scale across applications from subsea operations to island and port electrification.

Differentiator

Problem solved

Functional benefit

Brands

• Blue Star 10: Mocean's commercially available offshore renewable power system, delivering 10 kW of wave energy generation with 2 kW of solar. Based on previously built and tested hardware, incorporating learnings from multiple offshore deployments.
• Blue Star 20
• Blue Horizon

Products and services

• Blue Star 10 System Commercially available hybrid offshore renewable power system delivering 10 kW of wave energy generation and 2 kW of solar generation, combined with onboard battery storage, to provide reliable always-on power and communications for subsea equipment and remote offshore operations. Target customers are offshore energy operators in oil and gas, CCS, defence, ocean science, offshore wind, and blue economy applications.
• Blue Star 20 System Higher-capacity hybrid offshore renewable power system in development for power-intensive subsea applications, including all-electric Carbon Capture and Storage (CCS). Increases wave energy and solar capacity relative to Blue Star 10 while reusing proven subsystems and design principles, targeting operators requiring lower-cost power than static subsea cables.
• Blue Horizon System Larger-scale wave energy technology designed for utility-scale Blue Economy applications including islands, ports, Power-to-X, and grid applications. Targets capacity expansion to 1-2 MW by 2030.
• Engineering Studies and Consulting Operator-commissioned engineering studies that assess feasibility and quantify the techno-economic impact of Mocean's hybrid power systems, working independently or alongside Tier 1 partners. Generates insight to solve electrification and integration challenges, unlock projects, and advance combined offerings for offshore operators.

Quantifiable outcome

• Projected savings of over $50 million compared to static cable from shore for CCS applications
• +3 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Three partnerships are on record, tiered core.

• SolarDuckcoreStrategic or Co-development Partner · 13 August 2025Mocean Energy signed a memorandum of understanding with Netherlands-based floating solar developer SolarDuck to develop hybrid offshore renewable systems combining wave and floating solar power. Both companies, backed by Norwegian clean-tech fund manager Katapult Ocean, plan to target remote offshore sites across energy, defence, and blue economy sectors, with initial focus on a technically feasibility study for offshore energy needs in the Asia Pacific region.
• European Marine Energy Centre (EMEC)coreTechnology or Integration · 5 September 2023EMEC provides testing and deployment facilities for Mocean's wave energy technology in Orkney. The centre supports prototype deployment and validation, with planned deployment of a grid-connected machine by 2025.
• EuropeWave ProgrammecoreStrategic or Co-development Partner · 5 September 2023EU-funded programme supporting the development and testing of wave energy technology. Mocean received £3.2 million in EU funding through this programme to develop larger wave energy machine targeting 1-2 MW capacity by 2030.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• AW-Energy: Finnish developer of the WaveRoller submerged wave energy converter. Direct peer in wave-energy technology category, focused on near-shore subsea power applications with similar unit-scale ambitions to Mocean's Blue Star products.
• Eco Wave Power: Israel-based wave energy company using near-shore floaters and hydraulic accumulators to generate electricity. Directly comparable wave-energy peer also pursuing island-grid and blue-economy commercial deployments with small-team profile.
• CorPower Ocean: Swedish wave energy converter developer using point-absorber WEC technology validated through HiWave-5 project. Directly comparable in wave-energy technology focus, European base, and pursuit of utility-scale commercial deployment in the 2025–2030 window.
• Ocean Power Technologies: US-listed wave energy company developing PowerBuoy systems for offshore power, subsea monitoring and surveillance. Most directly comparable peer — same wave-energy conversion category, same offshore/subsea customer base, and similar small-to-medium scale deployments.
• Wave Swell Energy: Australian/Tasmanian wave energy company developing oscillating water column WECs for island and remote applications. Comparable as a direct wave-energy peer with similar target use cases (islands, ports, blue economy) and a similar small-team profile pursuing first commercial units.
• Bombora Wave Power: Welsh-Australian wave energy company developing the mWave flexible membrane WEC. Comparable as a direct wave-energy peer targeting utility-scale and island-grid applications in the same commercialization horizon as Mocean.
• Carnegie Clean Energy: Australian wave energy company behind the CETO technology, supplying renewable power to offshore and island applications. Direct peer with comparable wave-energy focus, small-team profile, and pursuit of island/utility-scale markets.
• Simec Atlantis Energy: UK-based tidal stream developer with MeyGen project experience and broader marine-energy portfolio. Direct peer in marine renewable power generation, similar small-cap public profile, and comparable pursuit of commercial-scale deployment.

Emerging players

• SolarDuck: Netherlands-based floating solar developer and Mocean's MoU partner (Aug 2025). Adjacent peer in offshore renewable power with a complementary technology profile for hybrid wave+solar systems and shared investor Katapult Ocean.
• Verlume: Subsea power and energy storage specialist providing battery-based systems for offshore operations. Listed as Mocean's supply chain partner and competing in adjacent subsea-power niche for offshore O&G and renewable customers.

Market position

Strengths5 records

Weaknesses3 records

Competitive moat4 records

Key risks4 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds11 records

Investors12 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mocean Energy