What is Simply Blue?
Founded in 2011, Simply Blue Energy is an energy company dedicated to the development of floating wind energy and wave energy technologies. Operating from Ireland, the company is at the forefront of pioneering offshore renewable energy solutions. Simply Blue's focus on floating platforms allows for the deployment of wind turbines in deeper waters, expanding the potential for offshore wind power generation beyond traditional fixed-bottom installations. Their work in wave energy further diversifies their contribution to sustainable power sources, aiming to harness the vast potential of ocean energy.
How much funding has Simply Blue raised?
Simply Blue has raised a total of $17.6M across 1 funding round:
Stock Offering
$17.6M
Stock Issuance/Offering (2021): $17.6M with participation from Octopus Renewables
Key Investors in Simply Blue
Octopus Renewables
Octopus Renewables is a prominent European investor in renewable energy, specializing in projects like solar farms and wind energy. They manage a significant global portfolio and are committed to driving the transition to 100% renewable energy through innovation and sustainable practices.
What's next for Simply Blue?
With the recent major strategic investment, Simply Blue Energy is poised for accelerated growth and the scaling of its innovative energy projects. This capital infusion is expected to fuel further research and development, enhance project pipeline expansion, and potentially facilitate the commercialization of their floating wind and wave energy technologies. The company's strategic direction likely involves forging key partnerships and securing additional project sites to solidify its position as a leader in the offshore renewable energy market. This enterprise-level funding signals a commitment to advancing sustainable energy infrastructure and contributing to a greener energy future.
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