The Oslo-based company builds subsea water desalination plants powered by natural ocean pressure. The company says it can yield fresh water with half the energy required for conventional desalination. It also claims its process avoids the production of brine, a byproduct of desalination that can negatively affect aquatic life.
“Traditional desalination has been trapped in a painful trade-off between water access and environmental harm,” said Usha Rao-Monari of Wellers Impact, which participated in the Series A round via its Water Unite Impact fund. Flocean’s “breakthrough makes sustainable desalination economically viable for coastal communities that conventional technology could never reach.”
Other investors in the extended equity round include US-based water tech company Xylem, Burnt Island Ventures, Freebird Capital, Katapult Ocean and Nysnø Climate Investments.
Flocean is aiming to launch commercial operations next year.
