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

04 Nov 2024 08:00 CET

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

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