Flocean
Assembly Line
Nysnø invests in the Norwegian Water Technology Company Flocean
Flocean, a pioneer in subsea desalination technology, has successfully closed its Series A funding round, raising 90 million NOK. The round was led by Burnt Island Ventures, Nysnø Climate Investments and Freebird Partners, with additional support from Norway- and U.S.-based energy and ocean industry investors.
The funding round positions Flocean to expand globally. By deploying its patented technology, the company will offer a sustainable and robust solution to freshwater scarcity.
With expertise from its parent company, FSubsea, which has installed over 70 deep-water pumps, Flocean is well-positioned to deliver sustainable, scalable, and reliable solutions for freshwater supply. It is great to see that expertise from Norway’s oil and gas industry can be applied to address a global challenge with new Norwegian technology, Johannessen adds.