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DateInvestorsAmountRound
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N/A

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N/A

Grant

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Grant

$50.0k

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Seed

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$150k

Grant

€50.0k

Grant

$200k

Grant

$1.5m

Grant
Total Funding€1.8m

Recent News about Resolute Marine Energy

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Resolute Marine is an innovative startup focused on providing sustainable water solutions by harnessing ocean wave energy. The company is headquartered in Boston, Massachusetts, with additional offices in Ireland, Cape Verde, and South Africa. Resolute Marine's primary mission is to improve access to clean water for coastal populations and industrial agricultural operations in developing countries and small island developing states (SIDS). They aim to replace traditional diesel-electric desalination systems, which are widely used but environmentally harmful.

Resolute Marine operates in the renewable energy and water desalination markets. Their core technology involves converting the kinetic energy from ocean waves into mechanical energy, which is then used to power desalination systems. This approach not only provides a sustainable source of clean water but also reduces reliance on fossil fuels, thereby lowering carbon emissions.

The company serves a diverse range of clients, including governments, non-governmental organizations (NGOs), and private sector entities in developing countries and SIDS. These clients are often in urgent need of reliable and sustainable water sources due to limited infrastructure and the high cost of traditional desalination methods.

Resolute Marine's business model is centered around selling and licensing their wave-powered desalination technology. They generate revenue through direct sales of their systems, licensing agreements, and partnerships with organizations that are focused on sustainable development and environmental conservation. Additionally, the company has been successful in securing grants and awards, such as the Blue GIFT Voucher for testing at PLOCAN and the DOE Phase I SBIR award, which provide financial support for further research and development.

In summary, Resolute Marine is a pioneering company in the renewable energy and water desalination sectors, offering sustainable solutions to pressing global water challenges. Their innovative technology and strategic partnerships position them well for growth in markets that are increasingly prioritizing sustainability.

Keywords: sustainable, water, desalination, ocean waves, renewable energy, developing countries, SIDS, clean water, technology, partnerships.

Tech stack

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