US oil major Chevron, together with Norwegian company Moreld Ocean Wind, is set to invest in offshore wind technology at Ocergy, a US 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).