ZOEX Secures £250,000 Investment for Wave Energy Technology Expansion
ZOEX has obtained £250,000 in funding to enhance its wave energy technology and expand its international projects. This investment is crucial for advancing renewable energy initiatives and facilitating the transition to reliable marine energy solutions.
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ZOEX has closed a £250,000 investment round to enhance its wave energy technology, supported by Equity Gap, the University of Strathclyde, and Scottish Enterprise. The funding will facilitate the upgrade of the Ordu project in Türkiye into a renewable microgrid while advancing projects in Taiwan, Malaysia, and the Middle East.
This investment aligns with the rising global demand for marine renewable energy solutions, positioning ZOEX for further expansion and subsequent funding rounds. The company’s focus on international projects may increase its competitive edge in the renewable energy sector.
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