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Startup · United Kingdom

DRIFT Energy

HQ Bath, United KingdomFounded 202111-50 employeesUpdated

A new class of ocean power.

StartupPower, grids and energy storage
Website
Total raised
~$6.0M
2 rounds
Last round
~$6.0M
Seed · Aug 19, 2024
Systems
2
Capabilities
1

Funding2 rounds · ~$6.0M

Equity raised
~$6.0M
Debt, secondaries & grants
Undisclosed
Latest
~$6.0MSeed · Aug 19, 2024

Raised counts equity rounds; debt, secondary sales and grants are totaled separately. Amounts in other currencies are converted at the announcement month's average rate. A ~ marks an estimated or converted amount.

Systems2

  • GOLDILOCKSRouting software for planning wind-energy harvesting voyages.
    —
  • MVYAn energy-harvesting vessel that converts energy to hydrogen for compressed-gas storage.
    —

Newest unveiled first. Systems that belong to a government program link to the program page, where variants, costs and contracts are.

Capabilities1

  • Power, grids and energy storage
    Developer
    classify_sectors run 37, haiku, taxonomy 2026-10-18b: Develops gigawatt-scale ocean power generation, with no defense use stated.
    —Reported

Maturity and TRL describe this organization's work; the field-wide maturity is on each technology's page.

People2

All 2 people →

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Sources8

Profile3

  1. 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. 2
    DatabaseSixth-Domain public startups directory

    Sixth-Domain · Supports Organization · country, Organization · kind

    “{"country": "UK", "hq_iso2": "GB", "id": "9b67d8a0-6850-48a5-bfb9-1d928557c5f0"}”
  3. 3
    DatabaseDRIFT Energy - LinkedIn company profile

    LinkedIn · Supports Organization · employee range, Organization · founded year, Organization · hq city, Organization · hq region, Organization · linkedin url

    “employee_range: 11-50 (profile: 11-50 employees)”

Systems2

  1. 4
    CompanyDRIFT — Markets

    DRIFT Energy · Supports System

    “The current MVY use case converts this energy to green hydrogen and stores it in compressed gas cylinders.”
  2. 5
    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”

Funding2

  1. 6
    NewsDrift Energy Closes £4.65M Seed Financing

    DredgeWire · Aug 19, 2024 · Supports Funding round, Funding round · amount, Organization · ownership

    “The company has also recently been awarded funding from Innovate UK, the UK’s innovation agency, through its Investor Partnership Programme”
  2. 7
    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”

People1

  1. 8
    DatabaseDRIFT Energy - Crunchbase company profile

    Crunchbase · Supports Organization · employee range, Organization · hq city, Organization · linkedin url, Organization · x url, Role

    “employee_range: 11-50 (profile: 11-50)”

Each fact on this page is attached to the sources that support it. Archived copies are linked when we keep one.