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Wednesday
09 Apr 2025

Seaturns Opens Fundraising Round to Scale Wave Energy Technology

09 Apr 2025  by offshore energy   
Seaturns, a French company specializing in wave energy, has initiated a fundraising campaign to expand its wave power generation technology. This move comes after years of research, development, and testing, aimed at harnessing renewable energy from ocean waves. The company announced that the campaign will begin on April 22, offering a 24-hour priority window for shareholders of Team for the Planet (TFTP), an investment group focused on climate solutions. Starting April 23, the opportunity will open to the general public.

The funds will support a critical phase for Seaturns as it scales its technology for broader application. The company highlighted this milestone: “After years of R&D and testing, our wave power generation technology reaches a decisive turning point: the transition to real scale.” Seaturns is seeking investors interested in advancing the shift to sustainable energy through marine renewables, emphasizing both environmental benefits and potential financial gains.

A live event to introduce the fundraising effort is scheduled for April 16, from 13:00 to 14:00. It will feature the founding teams of Seaturns, representatives from TFTP, and participants from the keenest platform, providing an opportunity to discuss the project’s progress and goals. The campaign targets those keen on supporting innovative solutions within the renewable energy sector.

Earlier this year, in February, Seaturns conducted successful sea trials of its wave energy system at the IFREMER test site in Brest, France. These trials marked significant progress toward making the technology market-ready. With this foundation, the company is now preparing for full-scale testing in 2025, a step that will further validate its approach to generating clean energy from ocean waves.

Seaturns’ efforts reflect a growing interest in marine-based renewable energy sources. The fundraising campaign is designed to accelerate the development of a technology that could contribute to global sustainability objectives. By transitioning to larger-scale operations, Seaturns aims to demonstrate the viability of wave power as a reliable energy source, building on its achievements in Brest and setting the stage for future growth in 2025.

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