Ocean Sun

Regulatory Filings • Nov 4, 2024

Ocean Sun awarded R&D-funding for developing and demonstrating a cost-optimized design targeting the Brazilian market

Ocean Sun awarded R&D-funding for developing and demonstrating a cost-optimized design targeting the Brazilian market

Ocean Sun AS has been awarded four million NOK for its project titled "Floating Photovoltaics on Membranes: Development of new fixation design and new materials engineering." This award, is part of a joint call to foster cooperation between Norwegian and Brazilian companies, with the aim of promoting sustainable energy technologies. For Ocean Sun the project focuses on creating a new module fixation design for more benign waters and engineering of new materials. On the Brazilian side, our partners, Uapê Energias Solares and Viniartefatos Comércio, has received funding from FINEP to develop a 250 kWp Ocean Sun pilot project outside of Rio de Janeiro in 2025.

"This funding will enable us to push the boundaries of floating solar technology and allow us to build our first installation in South America, a strategically important market with our good partner Uapê." said Kristian Tørvold, CEO of Ocean Sun.

About Ocean Sun: 

By combining Norwegian maritime expertise and knowledge within photovoltaics, Ocean Sun has developed an innovation that offers a bold solution to our global energy needs. The patented technology is based on solar modules mounted on hydro-elastic membranes and offers cost and performance benefits not seen in any other floating PV system today. With offices in Oslo, Singapore and Shanghai, Ocean Sun is embarking on its vision to be the world's leading technology provider of floating solar.

For further details, please contact: 

Kristian Tørvold, CEO of Ocean Sun, +47 97088847

Karl Lawenius, CFO of Ocean Sun, +47 45633881