Startup · United Kingdom

DRIFT Energy

HQ Bath, United KingdomFounded 202111-50 employees

A new class of ocean power. Gigawatt-scale energy, made at sea, delivered anywhere.

Products2

Routing software for planning wind-energy harvesting voyages.

Maturity not rated

An energy-harvesting vessel that converts energy to hydrogen for compressed-gas storage.

Maturity not rated

Newest unveiled first. Open a product for its milestone timeline, components and sources.

Funding rounds
Announced	Stage	Amount	Valuation	Lead investors	Other investors	Confidence
Aug 19, 2024	Seed	£4.7M	—	Octopus Ventures	Blue Action Accelerator	Reported
2024	Grant	Undisclosed	—	—	Innovate UK	Reported

Totals add known amounts using recorded USD conversions where available; other currencies are shown separately. A ~ marks an estimated amount.

1
CompanyDRIFT — Oceans of Energy
DRIFT Energy · Supports Organization · description, Organization · name, Organization · website
“A new class of ocean power. Gigawatt-scale energy, made at sea, delivered anywhere.”
2
DatabaseSixth-Domain public startup directory
Sixth-Domain · Supports Organization · country, Organization · kind
“{"country": "UK", "hq_iso2": "GB", "id": "9b67d8a0-6850-48a5-bfb9-1d928557c5f0"}”
3
DatabaseDRIFT Energy - Crunchbase company profile
Crunchbase · Supports Organization · employee range, Organization · hq city, Organization · linkedin url, Organization · x url
“employee_range: 11-50 (profile: 11-50)”
4
DatabaseDRIFT Energy - LinkedIn company profile
LinkedIn · Supports Organization · employee range, Organization · founded year, Organization · hq city, Organization · linkedin url
“employee_range: 11-50 (profile: 11-50 employees)”

5
CompanyDRIFT — Markets
DRIFT Energy · Supports System
“The current MVY use case converts this energy to green hydrogen and stores it in compressed gas cylinders.”
6
CompanyDRIFT — Technology
DRIFT Energy · Supports System
“Everything above is a machine for turning wind into hydrogen. What tells it which wind to go and find — several time-steps ahead, and back to the quay as the tank fills — is GOLDILOCKS, and it has a page of its own”

7
NewsDrift Energy Closes £4.65M Seed Financing
DredgeWire · Aug 19, 2024 · Supports Funding round, Funding round · amount
“The company has also recently been awarded funding from Innovate UK, the UK’s innovation agency, through its Investor Partnership Programme”
8
NewsGreen energy start-up Drifts into Octopus Ventures' grip
Sky News · Aug 13, 2024 · Supports Funding round
“A £5m fundraising from Octopus Ventures and Blue Action Accelerator will enable DRIFT Energy to begin vessel production next year”

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