U.S. oil major Chevron, together with Norwegian company Moreld Ocean Wind, is set to invest in offshore wind technology at Ocergy, a U.S. company developing a low-cost floating wind foundation and a multi-disciplinary environmental monitoring buoy.
Ocergy secured the investments through its Series A equity fundraising round to accelerate the development and commercialisation of its technology, which will be supported through a cooperation agreement signed between Chevron and Moreld Ocean Wind (MOW).
Path Investments plc (LON:PATH) is an energy investment company, and is focused on making investments in the energy sector on a global basis. The company seeks to create value for its shareholders through acquisitions, joint ventures or direct interests in energy businesses or associated projects.