OceanWell

Overview
News
Conservation Tech?
Product stageSegments
Minimum Viable Product
?
Next-gen Desalination
?

OceanWell is a California-based company that provides freshwater through its modular subsea water farm technology, which uses hydrostatic ocean pressure at depths of 400+ m to naturally power the reverse osmosis process and produce freshwater.


OceanWell offers LifeSafe, which delivers clean, cold, and freshwater from the deep open ocean, using up to 40% less energy than seawater desalination. It also generates billions of BTUs in net-zero cooling capacity as a byproduct. The company is expected to supply 15 million gallons per day (5 million gallons per day per pod/60,000 sqm/per day) with over one billion BTUs of cooling capacity. As of August 2023, the company's technology is at Technology Readiness Level (TRL 4) and has secured 13 patents, including nine utility patents, four design patents, and five trademarks. Having completed prototype testing at the US Navy's Deep Ocean Simulation Facility, the company states that it is on track to begin full-scale component testing in 2023.


Key customers and partnerships


In August 2023, OceanWell partnered with the Las Virgenes Municipal Water District for a pilot project to test OceanWell's water purification technology to produce safe drinking water. This pilot marks the first use of OceanWell's technology to create a fresh source of drinking water. The company claims a seawater discharge rate of only 5% above ambient ocean salinity, ensuring no brine production.


HQ location:
Los Angeles CA USA
Founded year:
2019
Employees:
1-10
IPO status:
Private
Total funding:
USD 15.0 mn
Last Funding:
USD 11.0 mn (Series A; Nov 2024)
Last valuation:
-
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