OceanWell

Last week, we announced our Series A funding of $11 million from investors like?Kubota Corporation, Jon Hemingway, and Charles McGarraugh. We’ve already begun to scale our next-generation deep-sea water farm solution. With this momentum, we’re excited to see what the rest of 2024 holds. You can read more about the Series A announcement here in?Tina Casey's?story in?CleanTechnica:? https://lnkd.in/ed5usm6P

Today, OceanWell is proud to announce we’ve secured $11 million in Series A funding to scale our next-generation modular deep-sea water farm solution and launch California's first pilot with Las Virgenes Municipal Water District. With the U.S. facing increasingly severe droughts and water demand projected to exceed supply by 40% by 2030, new desalination solutions are more critical than ever. Our modular water farms harness natural ocean pressure at 400m depths to produce 1 million gallons of fresh water daily per pod, using 40% less energy and protecting marine life. We’re grateful to our investors, including Kubota Corporation, the family office of Jon Hemingway and Charles McGarraugh, for supporting our vision to deliver sustainable, affordable and abundant water to communities worldwide. Together, we’re tackling water scarcity with bold innovation. Learn more about our journey here: www.oceanwellwater.com and check out our press release here: https://lnkd.in/eyvdNRSK.

Last week, our Chief Business Officer Jonathan Haswell, was invited to join the Enabling Innovation for Water Security and Climate Resilience Roundtable at the The White House. It was an excellent opportunity to sit down with business and government leaders to discuss how we can make water conservation and security a bigger priority at the federal level. Water is an emerging theme for American national defense - not just for drinking, but in its use for onshoring chip fabrication, supporting data centers, and enabling the expansion of AI. For many, water is on its way to becoming a major initiative on par with the clean energy transition and carbon reduction efforts. At OceanWell, we’re committed to scaling our deep-sea water farm technology that can provide affordable, abundant fresh water to meet the needs of our growing economy and changing climate. Thank you to the Executive Office of the President and the Environmental Policy Innovation Center for making this conversation happen. We look forward to working together to bring more attention and action to the water crisis.

We’re thrilled to share that we’ve been included in the @CleantechGroup’s 2024 Cleantech #50toWatch list! This global list recognizes our commitment to addressing the climate crisis and advancing solutions for a #netzero future. Check out the list and meet the Expert Panel who contributed. https://lnkd.in/ei6bKMf

“Water is the precondition to all the SDGs and the foundation of sustainable, global development.” From Tzvetelina "Lina" Bonova, Chief Revenue Officer at Water.org, a read on how and why water is connected to every Sustainable Development Goal. #SDGs #SDG6 https://lnkd.in/gwXYFjMc

We're looking forward to presenting at LG NOVA Innofest 2024! Join us from September 25th-26th as we explore new opportunities to collaborate with emerging technologies and drive innovation together. #LGNova #Innofest2024

We're delighted to have won a place in BCG X's Social Impact Accelerator for 2024! We'll be working with a world class team of consultants in Berlin and London to optimize our water farm scale-out and impact strategy. Thank you to the team at BCG X for awarding us this incredible opportunity. We're excited to work together. #BCGX #BCGXSocialImpactAccelerator #waterscarcity #blueeconomy #socialimpact

Come see us in New Orleans at WEFTEC! Stop by the Innovation Pavilion between October 7th and October 9th to connect with us in person. We’ll be talking about: - New technologies for sustainable fresh water production - The environmental advantages of submerged reverse osmosis - The growing demand for innovation within the water industry #WEFTEC #futureofwater #imagineh2o #OceanWell #freshwater #oceanhealth #blueeconomy

Join us on July 30th as we take the virtual stage at Imagine H2O Demo Day. As part of the 2024 Accelerator Cohort, OceanWell has been selected as one of the most promising water solutions of 2024. Here’s why you can’t miss this pitch session: - Discover how OceanWell is changing freshwater production. - Meet our cohort members who are shaping the future of the industry. - Build connections with fellow water innovators and thought leaders. Secure your spot today: https://lnkd.in/gru4TZMv #futureofwater #imagineh2o #ih2odemoday #freshwater #oceanhealth #blueeconomy

OceanWell CBO, Jonathan Haswell, recently spoke to Dentons' David McGimpsey on the #WaterValues Podcast, talking through our solution. A link to the excellent discussion can be found here: https://lnkd.in/g3tmucWE.