Venture Value Potential of Flocean AS

We are going back to assign a VVP score to companies we have featured before in Venture Review reports--first on tap is Flocean, the subsea desalination pioneer.

The Flocean team delivering a pilot-scale subsea desalination module to a commercial client for use in the Red Sea in 2023. (Courtesy Flocean)

You may have seen in our most recent CTVR Update article that Flocean has had some big news lately. It announced that it had contracted to deliver its first large-scale commercial project in 2026, making it the first company to commercialize subsea desalination services.

I exchanged emails with Alexander Fuglesang, the founder and CEO of Flocean, and he told me that this facility will deliver 1,000 cubic meters of drinking-quality freshwater to an industrial client in Norway.