XOCEAN has secured €115 million in funding to enhance growth and innovation in ocean data services amid increasing demand within the offshore energy and civil hydrography sectors.

Information on the Target

XOCEAN, founded in Ireland in 2017, is a pioneering provider of ocean data tailored for the offshore energy and civil hydrography sectors. The company has revolutionized geophysical data delivery through its fleet of Uncrewed Surface Vessels (USVs), which incorporate advanced sensors, real-time communications, and post-processing expertise. These innovations allow XOCEAN to offer clients a flexible and cost-effective solution to meet their offshore geophysical data requirements. Notably, XOCEAN's low-carbon fleet emits only 0.1% of the CO2 produced by traditional manned surveying vessels, significantly reducing potential carbon emissions in its operations.

With extensive operational reach, XOCEAN has already collaborated with major industry players such as SSE Renewables, Ørsted, bp, and Shell, and has delivered data services across 23 jurisdictions. To date, the company has collected and processed over 4.9 million gigabytes of data and has supported more than 48.6 gigawatts of offshore wind development, demonstrating its vital role in facilitating clean energy initiatives and asset integrity monitoring within the sector.

Industry Overview in Ireland

The ocean data services industry is poised for significant growth, particularly with the increasing focus on the blue economy, which emphasizes sustainable use of ocean resources. The expansion of the offshore wind sector is a prominent driver of this growth. Global forecasts sug